ITT - Near-Term Market Issues Open A Window Of Opportunity At ITT
Good stocks don’t tend to get, or stay, very cheap for very long, and while there are still some meaningful short-term risks for ITT (ITT), the recent declines look like an opportunity to consider. Not only does ITT serve some attractive long-term process markets, but the opportunities to gain share in automotive friction are still significant, and there are some appealing margin improvement drivers that management is working on now.
I don’t know whether Monday’s sell-off on coronavirus fears will continue, or whether this is a long-awaited correction in what I’ve seen as