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Fenimore Private Client Group

 

Stock Update: Interpublic Group of Companies

Interpublic Group of Companies, a global advertising and media company, was the third-worst performer. Advertising companies saw soft activity during the quarter which led to weaker-than-expected earnings. Interpublic was not immune to this slowdown. The low organic growth rate for the industry has cast a doubt about the future growth rate. We believe that companies will eventually increase their advertising budgets which will benefit this oligopolistic industry, including Interpublic. 

The portfolios are actively managed. For the Fenimore Managed Equity Accounts Composite’s current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the Fenimore Managed Equity Accounts Composite’s performance data that is current to the most recent quarter-end, click here.

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Highlighting specific companies can be difficult due to the natural variation among the multiple accounts we manage. Accounts vary by objective and tenure so holdings may differ.

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The investment advisory services and FAM Funds described on our website are available only to persons in certain States within the U.S. More

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