Monthly Message

The Wutherich & Co. Composite was up 1.3% in February. This compares with the S&P/TSX being down 2.4%.

The Wutherich & Co. Composite squeezed out another positive month in February as the world churns with uncertainty. We think our companies are well positioned to weather current economic and geo-political storms. Will they be immune to them? No, but we think they can cope. Our companies have started to report their most recent quarters and this will offer clues as to how well they are coping. Two examples are Exchange Income Corporation (ticker EIF) and goeasy (ticker GSY). Both reported excellent numbers with strong outlooks while acknowledging that parts of their businesses may need extra attention in the coming quarters.

The long-term fundamentals of all our names are very strong right now. While it won’t be straight up and to the right, we feel that this will underpin portfolio performance for years to come.

JF and I would like to thank those of you who contributed to your RRSPs this year. Canadian investors have gotten into this habit of thinking of January 1 to March 1, the so-called “RRSP Season”, as being the only time of year to contribute. You should be looking at it year-round. It is never too soon to get your money working for you, regardless of the time of year.

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