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WPP plc (WPP): A Bull Case Theory

We came across a bullish thesis on WPP plc on Waterboy’s Substack by Waterboy. In this article, we will summarize the bulls’ thesis on WPP. WPP plc's share was trading at $27.60 as of July 29th. WPP’s trailing and forward P/E were 8.32 and 5.51 respectively according to Yahoo Finance.

[caption id="attachment_1218518" align="aligncenter" width="768"] A media buying executive looking out a window at a brand advertiser's billboard.[/caption]

WPP plc (WPP), once a dominant force in global advertising, has fallen from its blue-chip pedestal, now trading near decade-lows at $29.27,...