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Non-Tech : JCI--Johnson Controls (NYSE)

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To: kendall harmon who wrote (5)4/12/2000 6:43:00 AM
From: Bob Davis   of 10
 
Johnson Controls (NYSE:JCI) is one of the first stocks included
in The Napeague Letter's new "Blue Chip Research Summary."

JCI has been on a strong and steady growth trend for the last
five years. Up until about a year ago, the Market was very
attentive to this growth, and was pricing the stock accordingly.
However, during 1999, its market valuation declined even though
its financial results continued to strengthen. As a result, it
currently is significantly undervalued. Recently, there have
been several analyst upgrades and positive news reports, and
its charts are signaling that this situation may shortly
correct itself.

A more complete report on this stock, including charts and
spreadsheets, has been published on The Napeague Letter web
site. A link to this site can be found by clicking on the
Blue Bob Davis at the top of this post.

Bob Davis
The Napeague Letter
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