Stop me if you've heard this before - a well-run global conglomerate is
still finding ways to generate decent organic growth and strong
operating leverage, but the market already seems to be well ahead in
terms of valuation. And so it goes with Illinois Tool Works (ITW).
While ITW remains a strong execution story, it's hard to see value in
the shares. Still, given ITW's reputation as a great operator leveraged
to growth in North America and Western Europe, it won't surprise me if
the valuation stays robust as long as the markets remain healthy.
Read the full article here:
Clockwork Excellence Of Execution From Illinois Tool Works
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