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ITW - Illinois Tool Works: Overhead Supply Is About To Be Breached
Illinois Tool Works Inc.
Yes, the title of this article is somewhat bearish. Nonetheless not everything I am discussing in this article is negative. The Glenview, IL-based producer of diversified machinery Illinois Tool Works (ITW) has been on my radar for a very long time as the company is a perfect tool to track the domestic and international economy. That said, as the global economy has weakened significantly, we are seeing serious cracks in ITW's fundaments. Revenue weakness is pressuring the company's abilities to offset any weakness by lowering operating expenses resulting in a rapidly weakening bottom