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I know a lot about JCI. I have worked for them in the past, compete them currently, and know a lot of people who work for them. The controls portion of the business is struggling at home and abroad. Their energy efficiency business is down big time. My guys inside the company have said that the York buyout several years has crippled the company from a who is in charge standpoint.

Their battery business I know not so much. But if you want to look at the canary in a coal mine scenario, here it is on the controls side:

Rank and file people at JCI are being laid off and leaving in droves.

Management is fighting and political infights are the norm. It is York vs. Johnson

Low margin and slumping sales in the core building controls business has been hidden for years by the energy performance contracting business. The PC business is off drastically and that will expose the controls business for what it is...a loser. Over priced and what can be done with Medisys can be done with other smaller control systems for 1/3 the cost.

Major restructuring is on the way..but the word is, everyone inside JCI wants to keep it quiet.

My inside guy at JCI who has just left before what he says the ship went down told me Friday, "If you have stock....sell it."

Sorry for the bad news guys, but I was asked by the guys over at the AMERESCO board to post up what I know about JCI by working in that indusrty.

Just so you know, I won't own a position in JCI based on what I know about the company first hand.
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