prudentinvestor

Sputtering Auto Industry Chokes Suppliers - Barron's

Thanks for the heads-up.

JCI, while very exposed to autos, stands to gain from the stimulus spending on the greening of Federal Govt. buildings, as well as various other stimulus on energy savings. However, anyone sitting on profits in JCI would be reasonable to take some off the table at around $20 (I did).

My take on CMI is that their exposure is mostly to the truck and heavy equipment market, rather than autos. However, I've been watching it and consider it overpriced.

You have not mentioned Modine (MOD). A few weeks ago, they renegotiated terms with major lenders and moved back off the brink. Do you have any insights on its current prospects?

I would expect CMI & MOD to gain some benefits from energy stimulus, although to a lesser extent than JCI.

Disclosure (Long positions in JCI and MOD, none in CMI).