Monthly Message

The Wutherich & Co. Composite was down 2.7% in February. This compares with the S&P/TSX down 3.0% and the BMO Small Cap Index down 3.9%.
The Wutherich & Co. Portfolio was down along with the markets in February. We don’t make too much of this as we always focus on the fundamentals of the businesses in the portfolio. Many of our companies report quarterly or year-end earnings during February or March and their stock prices often react accordingly. What we have noticed in the last few years is that negative reports cause a much stronger reaction than positive ones do. We always try to look through these short-term reactions and make a thorough re-assessment of our thesis for owning a stock. Over the last few quarters, we generally like what we see, though there are always a few troubled children. The portfolio, in aggregate, is not the cheapest that we have seen over our history of managing portfolios, by a long shot, but we think it should provide good long-term returns. On top of this, we could see a few more “firecrackers” go off (Pure Technologies and Avigilon are recent examples) where some of our undervalued names get taken over at much higher prices.

We would like to say a special Thank You to those clients who contributed to their RRSPs this season. While January and February are a great time of year to do this, contributions can be made all year long.

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Monthly Message The Wutherich & Co. Composite was up 2.6% in January. This compares with the S&P/TSX down 1.4% and the BMO Small Cap Index down 2.5%. Nice to see another gain in January in the Wutherich & Co. Composite, and nary a pot stock in sight (which you will never see in the portfolio)! […]

Dear friends and clients, We would like to remind you that the 2017 RRSP period deadline is March 1, 2018. If you have not made a contribution to your RRSP account with Wutherich & Company in a while, now may be a good time to do so. Feel free to get in touch with us […]

Monthly Message The Wutherich & Co. Composite was up 9.6% in December. This compares with the S&P/TSX up 1.2% and the BMO Small Cap Index up 3.6%. Well, better late than never. Our 9.6% result in December marked one of our largest monthly gains ever (November 2004 was our largest at 10.6%), dragging us into […]

Monthly Message The Wutherich & Co. Composite was down 2.8% in November. This compares with the S&P/TSX up 0.5%, the BMO Small Cap Index flat at 0.0%. We have removed the U.S. indexes as they provide little relevance for comparison. While most of our companies reported good or great quarterly results in November, a few […]

Monthly Message The Wutherich & Co. Composite was up 2.6% in October. This compares with the S&P/TSX up 2.7%, the BMO Small Cap Index up 1.7%, S&P 500 (US$) up 2.3%, the DJIA (US$) up 4.4%, while the NASDAQ (US$) was up 3.6%. Its official! We have a trend. Three data points, all positive. The […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Monthly Message The Wutherich & Co. Composite was up 3.7% in September. This compares with the S&P/TSX up 3.1%, the BMO Small Cap Index up 2.6%, S&P 500 (US$) up 2.1%, the DJIA (US$) up 2.2%, while the NASDAQ (US$) was up 1.0%. A second month of positive returns! While two points don’t make a […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Monthly Message The Wutherich & Co. Composite was up 0.3% in August. This compares with the S&P/TSX up 0.7%, the BMO Small Cap Index up 0.1%, S&P 500 (US$) up 0.3%, the DJIA (US$) up 0.7%, while the NASDAQ (US$) was up 1.3%. A positive return in the month of August! Though it is a […]