In 2005 the company’s automotive business accounted for 69% of sales. By the end of 2007—before the big auto slump—that had dropped to 51%. In that short period the company had transformed itself from just another auto industry supplier to a technology growth company specializing in building energy efficiency and new battery technology for hybrid and electric cars. (Full disclosure: I own shares of Johnson Controls in my personal portfolio.)
Jim’s Daily Email Alerts:
Get Even More Jim!
- • More profiles of hot (and cold) sectors
- • More strategies for profiting from volatility
- • More about macro trends driving the market
- • More on where the market is heading – short-, medium- and long-term – including a Saturday Night Quarterback look at the week ahead!
Subscribe now for a year for just $199