Tuesday, April 23, 2013

Investopedia: Good Margins Outweigh Weak Growth For ITW Investors

You never can quite tell what the market will value on one day or the next. For much of this reporting cycle growth has been all that investors have cared about, but the market seems to be making an exception for Illinois Tool Works (NYSE:ITW). Although management came in short of growth targets for the first quarter and lowered guidance for the rest of the year, investors seem to think the better margin results are fair compensation.

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