Interpublic - there goes the beer cart at lunch

Ouch. When Wall Street analysts call the mothership, your holding company, a value play, you know the fat's going to be trimmed from the complimentary lunch buffet.

"Interpublic--it's worth the wait." That's the slogan many of Wall Street's sharpest value mavens are using to justify owning the battered ad giant. Top funds such as John Rogers's Ariel Appreciation, James Gipson's Clipper, and Bob Olstein's Olstein Financial Alert--highly successful bad-news players all--are among the biggest shareholders in Interpublic Group ...

Underneath it all, say the contrarians, is a solid group of assets that will shine once management clamps down on expenses. (Fortune)