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 September, politics and the economy should keep things curvy.
We are still looking to deploy cash in the portfolio. Stronger performance amongst the names that we follow has made this a little more difficult though we still have several prospects that we consider to be very interesting. We hope to see progress on this in the coming months.
In the meantime, our portfolio still has plenty to offer including some ignored and unloved names. Total Energy Services Inc. (TOT-T) and Parkland Corp. (PKI-T) have not contributed to the performance of the Wutherich & Co. Portfolio over the last year or so. TOT is in the dreaded oil field services space and PKI operates oh-so-dull convenience stores and distributes fuel throughout North America and the Caribbean. Both are strong operators generating significant cash flow with the ability to internally sustain their growth for years to come. The market has not recognized the value in either of these names. We think they could become more loved and less ignored in the years to come.
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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 […]
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Monthly Message The Wutherich & Co. Composite posted a 4.7% gain in January versus the S&P/TSX being up 0.6%. The strength that we experienced in our portfolio during 2023 has continued into 2024 but we always talk people down from getting too excited about short-term returns. Our portfolio companies continue to be in excellent health, which […]
Monthly Message The Wutherich & Co. Composite was up 4.0% in December. This compares with the S&P/TSX being up 3.9%. Thank you, Santa, for a great year-end rally which has taken us up 17.0% for 2023, handily outpacing the TSX at 11.8%. But Ho Ho Hold that idea. We are seldom in synch with what happens […]
Monthly Message The Wutherich & Co. Composite was up 10.3% in November. This compares with the S&P/TSX being up 7.5%. The Wutherich & Company Composite performed well in November with nary a mega-cap technology stock in sight. What it does contain are excellent small to mid-sized companies with reasonable valuations and good long-term prospects. Most just […]
Comments and InterviewsYou may also enjoy Wil Wutherich’s various comments and interviews on the financial markets or press release on Wutherich & Company in these articles :
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