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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