Don’t Be Too Quick to Blow-Off the Johnson Controls FCPA Probe

Johnson Controls – $JCI

Analyst Summary:  A disclosed SEC investigation is confirmed as on-going.  This company has a FCPA probe that has been running a long time, involves accounting, and could hurt (or already is hurting) operations. We explain the flaw inherent in management assurances regarding “any adverse material effect” on the company.

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