Systematic Ideas - Long Textron (TXT US) & Short ITV (ITV LN) - 28 Jul

New Longs: TXT New Shorts: ITV LN Closing Positions: SPG, DRI, OXY, EZJ LN, LYB, RIO LN, AAL LN, NEM: Flip Book Closings: VOD LN, ERICB SS, ORK NO, UA, MKS LN, VOW3 GR, BMW GR   Short ITV (ITV LN)   ITV has seen their strong cash pile dwindle while their debts have grown steadily over the last few years. The company announced H1 results on 26th July confirming a drop in TV advertising revenue and expecting a further decline in Q3 too. ITV Studios also remained lackluster in spite of benefi...