This Growth Stock Is Dirt Cheap Right Now

This Growth Stock Is Dirt Cheap Right Now
·4 min read

Johnson Controls (NYSE: JCI) management didn't tell investors what they wanted to hear on the recent second-quarter 2022 earnings call (for the quarter ending March 31). Of course, no investor wants to hear about a full-year guidance cut and talk of a falling profit margin. Recapping what happened, the company suffered margin pressure due to what CEO George Oliver described on the earnings call as "supply chain disruptions and material availability, more specifically, inadequate supply of semiconductor chips and components or controls products."