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No. of Recommendations: 3
Hello Everyone,

I have not posted to this board before, frankly I have not thought to look for a JCI discussion. It's such a stodgy old company. Who would have thought that people would be interested. Go figure...

Anyway, for what it's worth, I have owned JCI for about 10 yrs. The return has been very, VERY good. I am a dividend reinvestor, which helped compound the return. (For those who are interested, JCI probably has the friendliest DRiP plan available.) Well into 1999, JCI had returned an average of 22-23% (5 yr avg return) for investor who reinvested dividends. Not too bad.

Fundamentally, JCI has grown its sales and income continually for, I believe, the last 14 yrs. Yet, their P/E is only about 13. The stock price got hit pretty hard a year or so ago (as did a lot of mature, value type stocks) and is still somewhat depressed. I look for a very good rebound in the next 1-2 yrs. as JCI continues its winning ways and the auto demand grows again.

I believe that JCI is a solid investment that will pay off well in the relatively short term and can be depended upon to be a somewhat stable holding for the long term. Just my humble opinion.

Nobody2
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