This month’s Singular Diligence report covers one of the world’s largest marketing services companies.
Marketing services agencies are great businesses. When run right in terms of costs, capital allocation, etc. these businesses make for great long-term investments. They will be great businesses in 5, 10, and 15 years from now with many of the same clients.
We’ve picked the single best stock in the ad industry. It’s the company with the best financial results. It has the best history of capital allocation. Awards might not matter, but this company’ agencies win more awards than anyone else.
What does matter is price. It’s the best stock in industry and it’s the cheapest.