Monthly Message

For January, the Wutherich & Co. Composite was down 1.4%.

Trump Chaos 2.0 is starting to roll through the markets. For now, it is in the form of Trump Tariffs. While much of the portfolio has relatively little direct exposure to these, several of our export-oriented names will feel their effects for some time to come. The financial and market position of most of our names is very strong and should help them weather this storm. Much as we did with Covid, we will continuously assess a company’s vulnerabilities. If we detect that they will not be able to cope, we will eliminate the position.

Fortunately, we start from a place where valuations in the portfolio are not stretched, which should support long-term returns. Trump’s actions may also bring down the valuations of other companies that we would like to own. We are always looking for new names to add to the family. Any market disruption should help us do this at favourable prices.

As with Y2K in the late 90’s, the Tech Crash of the early 2000’s, the ’08-’09 financial crisis, Covid, the Ukraine War and smaller crises along the way, we have always found our way through and will do so again this time.

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Monthly Message Happy New Year! JF and I would like to wish you health, happiness and prosperity for 2025. For December, the Wutherich & Co. Composite was up 0.3%. December’s small gain capped-off a strong year for the Wutherich & Company Composite. Performance rode off the backs of (mostly) strong companies in the portfolio. In […]

Monthly Message Merry Christmas and Season’s Greetings to one and all! For November, the Wutherich & Co. Composite was up 5.0%. With the US election now past, one level of uncertainty has been resolved, though, I think for many of us, a lot of questions remain. Trump 2.0 is on tap. Exactly what that means is […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 22, 2025.   Chers clients et amis, Vous trouverez ci-joint l’invitation à notre prochain évènement virtuel “Mise à Jour Annuelle Wutherich & Co.” qui aura lieu le mercredi 22 janvier 2025. […]

Monthly Message The Wutherich & Co. Composite was up 2.2% in October versus the S&P/TSX being up 0.7%. Trick or Treat? We write this having recently survived Halloween and are waiting for the US election to take place. We’ll let you decide which outcome would be the trick and which the treat. Many of our […]

Monthly Message The Wutherich & Co. Composite was down 1.7% in September versus the S&P/TSX being up 3.2%. While the market continued to be very strong in September, the Wutherich & Co. Composite suffered a set-back with two of our names delivering very weak quarterly results and one of our names announcing an equity issue at […]

Monthly Message The Wutherich & Co. Composite was up 2.2% in August versus the S&P/TSX being up 2.9% (By the way, last month should have read 4.1% for the TSX, not 5.9%). Despite many twists and turns, the market and the Wutherich & Co. Portfolio continued to advance in August. The traditionally weak month of […]

Monthly Message Wutherich & Co. Composite was up 4.6% in July versus the S&P/TSX being up 5.9%. Broadening market? Lowering interest rates? We try not to make these calls, but it would be nice to see. The Wutherich & Company Portfolio would benefit from a broader market as we certainly don’t own US Mega-Cap Technology names. […]

Monthly Message The Wutherich & Co. Composite was up 0.2% in June versus the S&P/TSX being down 1.4%. While the last twelve months have been very strong for the Wutherich & Co. Composite, if we zoom out a little, the market and our portfolio have seen relatively weak performance since November 2021. Outside of a […]

Monthly Message The Wutherich & Co. Composite was down 0.7% in May versus the S&P/TSX being up 2.8%. “Sell in May and Go Away” certainly seemed to affect some of our stocks during the month. Recent quarterly results were reported for most of our companies and there was a mix of excellent numbers combined with […]