Industrial conglomerate Illinois Tool Works (ITW)
was a growth laggard in the first quarter, and slowing demand in
markets like Europe, China, and the U.S. didn't help matters for this
quarter. Margins held up well, though, and management's decision to
simplify the business during this lull ought to have the company in good
position to post good margins whenever the recovery may come. Illinois
Tool Works just isn't cheap enough to be my favorite industrial name (a
common complaint with me and this stock), but those who believe in the
margin expansion story may find more to like here, even if the company
is facing a stiffer headwind going into the second half.
Please follow this link for more:
Illinois Tool Works Hunkering Down
No comments:
Post a Comment