WPP - WPP: Slimming Down
Investment Thesis
WPP (WPP) has recently commenced a strategy of slimming down its business which may unlock significant shareholder value. Even though the company’s valuation does not look very bright, shares trade at an extremely low price-earnings multiple and offer an attractive dividend yield.
Corporate profile
WPP is a British multinational advertising holding company, owning a number of public relation and advertising companies. The company engages in a number of disciplines, from data and media investment management to promotion, branding, and identity. The company’s portfolio includes networks such as Ogilvy, Young & Rubicam,