Comments on: Update Johnson Controls (JCI)

By: Upside

Upside — Sun, 07 Feb 2010 04:04:48 +0000

Don’t you think a P/E of 27 is a bit rich?

By: Yclept

Yclept — Fri, 05 Feb 2010 17:36:10 +0000

One other thing that prompted me to sell now was that the P/E is over 27. Getting a bit pricey for my taste. It would have been great if I’d sold a few days earlier, but my general market indicators hadn’t yet crossed down. They are always lagging, a fact I accept in order to avoid a lot of whipsawing.

By: Yclept

Yclept — Fri, 05 Feb 2010 16:28:44 +0000

All of the moving averages I use as general market indicators turned negative over the last week. As part of a general portfolio trim I sold JCI yesterday @ 28.642. I had about a 9% gain from my buy on Sept. 9 (not that my buy price has anything to do with the prospects moving forward). I figure all this car recall stuff can’t be good for their business short term. The “automotive experience” division looks to me to be an anchor on the rest of the company (as well as batteries for new cars in the “power solutions” division) for the next several months. I figure they must have a lot of time and materials backing up in ready-to-ship Toyota interiors if nothing else. Even if Toyota takes delivery, pays, and stores them, it’s got to affect JCI sales for at least the next month or two.
From JCI website:
Johnson Controls provides automotive seating, interior trim, electronic components and batteries for a variety of Toyota models manufactured in North America, Europe, South America, Japan and Southeast Asia. 2009 marks the 25th year that Johnson Controls has been doing business with Toyota.

By: msbob

msbob — Thu, 04 Feb 2010 16:36:09 +0000

Down more than 2% today. More patience needed.

By: YX

YX — Thu, 04 Feb 2010 16:18:07 +0000

The stock had very BAD time last year. I almost sold it. In fact I even placed sell order several times. At the end, it was simply because I was not willing to take a loss. So I kept it.