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Holly LaFon
Holly LaFon
Articles (9703)  | Author's Website |

Bill Nygren and David Herro Comment on WPP

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April 08, 2019 | About:

During the quarter, we sold our investment in WPP (NYSE:WPP), a U.K.-based marketing and advertising company, and used the proceeds to buy Samsung Electronics, South Korea’s top electronics company and a world leader in manufacturing semiconductors. We believe Samsung provides a better risk-return profile for our shareholders. We also sold our shares of Wabtec, a U.S.-based transportation and logistics company, which we received as part of a corporate action related to our holding of General Electric. Samsung and Wabtec were owned for brief periods during the quarter and detracted slightly from performance. No other holdings detracted from performance for the quarter.



About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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