Monthly Message

The Wutherich & Co. Composite was down 0.4% in April. This compares with the S&P/TSX up 0.4%, the BMO Small Cap Index down 2.3%, S&P 500 (US$) up 1.0%, the DJIA (US$) up 1.4%, while the NASDAQ (US$) was up 2.3%.

It is interesting to watch what is happening to Home Capital Group (HCG), a former market darling that is now being savaged by short-sellers. No, we don’t own the name but we have experienced something similar with our holding of CRH Medical. As you might recall, we added CRH to our portfolio in August of last year. We paid about $4.60 per share at that time. We trimmed the position on two occasions. Once at $8 and again at $11.90. We own less than half of our original position now. After a run-up to over $12, the stock has retreated to less than $8. Why? You guessed it, short-sellers. But that is where any comparison to HCG ends. As near as I can tell, the management of CRH has committed no illicit or questionable activities. The shorts make many claims but what they may have correctly identified is that valuation had gotten well ahead of the story. We agree. This is why we trimmed more than half of the position and illustrates the focus that we put on valuing the names in our portfolio.

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Monthly Message The Wutherich & Co. Composite was up 3.2% in March. This compares with the S&P/TSX up 1.3%, the BMO Small Cap Index up 1.1%, S&P 500 (US$) up 0.1%, the DJIA (US$) down 0.6%, while the NASDAQ (US$) was up 1.5%. The Trump Bump, Trump Slump, Trump   ?  . How many alliterations […]

Monthly Message The Wutherich & Co. Composite was flat at 0.0% in February. This compares with the S&P/TSX up 0.2%, the BMO Small Cap Index up 0.1%, S&P 500 (US$) up 4.0%, the DJIA (US$) up 5.2%, while the NASDAQ (US$) was up 3.8%. The Trump Bump continues, at least in the US. While it […]

Monthly Message The Wutherich & Co. Composite was down 2.2% in January. This compares with the S&P/TSX up 0.8%, the BMO Small Cap Index up 2.0%, S&P 500 (US$) up 1.9%, the DJIA (US$) up 0.6%, while the NASDAQ (US$) was up 4.3%. The weakness experienced in the Wutherich & Co. Composite during January happened […]

Dear friends and clients, We would like to remind you that the 2016 RRSP period deadline is March 1, 2017. 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 0.9% in December. This compares with the S&P/TSX up 1.7%, the BMO Small Cap Index up 3.2%, S&P 500 (US$) up 2.0%, the DJIA (US$) up 3.6%, while the NASDAQ (US$) was up 1.2%. December marked the end of a good year for the Wutherich & […]

Monthly Message The Wutherich & Co. Composite was up 4.0% in November. This compares with the S&P/TSX up 2.2%, the BMO Small Cap Index up 1.8%, S&P 500 (US$) up 3.7%, the DJIA (US$) up 5.9%, while the NASDAQ (US$) was up 2.6%. November Trumped October’s strong performance for the Wutherich & Co. Composite. Our positions […]

Monthly Message The Wutherich & Co. Composite was up 1.7% in October. This compares with the S&P/TSX up 0.6%, the BMO Small Cap Index down 2.0%, S&P 500 (US$) down 1.8%, the DJIA (US$) down 0.8%, while the NASDAQ (US$) was down 2.3%. October proved to be a spooky month for the markets though the Wutherich […]

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

Monthly Message The Wutherich & Co. Composite was up 1.6% in September. This compares with the S&P/TSX up 1.2%, the BMO Small Cap Index up 2.9%, S&P 500 (US$) flat at 0.0%, the DJIA (US$) down 0.3%, while the NASDAQ (US$) was up 1.9%. Despite September’s nasty reputation, market performance was fairly stable. Affirmation for […]