Do to my broker's bad advice, I own this dog too. It will probably come back when the auto industry rebounds in Europe. Of course, that will most likely be several years away. My broker likes to talk in 3-5 year horizons. He may be correct and I hope so but the management shouldn't be praised for making a 30% revenue bet on one region. I do like their move into China but China is slowing a tad. Time will tell but I'm not as impressed with management (or my broker) as some others are.
I think you see this hit $36 in the next 8 months . We have not had anything but confirmation from the company all is line . 2013 is forcasted at $3.30 by S and P . Comments out of the company are fairly positive on auto's with overall production increasing worldwide and every car needs a interior and battery or two . JCI is involved in Lithium and dry cell tecnhology though it is not material part of their business .