Ross HealyInterpublic Group of Companies Inc.IPGDON'T BUYJul 29, 2014
This has had a great run, but he thinks their run is pretty much over. His Fair Market Value is $21, and runs into very stiff technical resistance at $21.50. Quite expensive on a Price-To-Book basis at about 4X.
3rd largest global advertising agency. New management are in the process of restoring margins and profitability. Stock was impacted by the economic turndown. Fundamentals are turning upward. Good price.
(Past Top Pick July 17/07. Down 16.8%.) A global advertising agency. Dropped because of fears of a recession affecting advertising. Management is making changes and margin potential should be significantly higher. Easily a double from these levels.
(A Top Pick Apr 26/07. Down 13%.) Advertising. Lost a part of Johnson & Johnson account. Feels the company is on the road to recovery. New management. Could be a double in the next 3-4 years. A contrarian play.
Has been beaten up very hard. Trading at a fraction of what its global peers are. Has downside protection. If they can achieve margins similar to its peers, it should have significant upside.
This has had a great run, but he thinks their run is pretty much over. His Fair Market Value is $21, and runs into very stiff technical resistance at $21.50. Quite expensive on a Price-To-Book basis at about 4X.