WPPGF - WPP: The Next Sector Collapse?
Investment Thesis
The current state of WPP remains as divided as the summary of this article. Recent months indicate a flatlining in share price, down just over 48% from the 12-month peak. At this level dividends remain highly attractive at 7.5%, while market conditions remain mixed. WPP performs somewhat significantly below the bench-marks set by traditional competitors, and will continue to do so until 2021 at the earliest - yet this is largely priced in at current levels.
Background
Founded in 1985, WPP is a British based communications and advertising agency. The company grew to