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Hi . I have taken a position in this stock based on the following premises:

It has a strong cash flow
The business in building controls will benefit from high oil prices since people will want better efficincies.
The huge building boom in developing countries assures the cash flow for this division. They are supplying control systems ALL around the world
Cheaper dollar will benefit them
The batteries business will also buffer the threat to interior business from problems in GM and Ford
It pays dividends
The chart technicals are good

But I have seen some obstacles
It has withstood the decline in GM do far but I am getting concerned that GM may totally fall apart. What kind of business JCI gets from other manufacturers like Toyota ?

Also compared to when I picked up at 68 now at 75 it appears to be less attractive especially with this GM problem.

Comments welcom
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