Monthly Message

The Wutherich & Co. Composite was up 2.5% in March. This compares with the S&P 500 up 6.8%, the DJIA up 7.2%, the NASDAQ up 6.8%, the S&P/TSX up 5.3%, while the BMO Small Cap Index was up 6.7%.

Gains in the Canadian market were largely driven by mining stocks where we have comparatively little exposure. How sustainable these gains are is unknowable and a matter of conjecture, one that we are not willing to engage in. Rather, we spend our time and money on well managed, well capitalized companies. They have strong cash flows, good balance sheets and we are comfortable owning them for many years, through good times and bad.

A good example is Avigilon Corp. (AVO–T), a Vancouver-based manufacturer of end-to-end security systems. Their products are deployed by companies, governments and agencies around the globe. The company should continue to gain share in a growing market with solutions that appear to be far superior to those of their competitors. They have recently doubled manufacturing capacity which should allow them to grow earnings at a rate of 20% for several years. At only 17 times forward P/E we think the stock offers great growth for a reasonable price.

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Monthly Message The Wutherich & Co. Composite was down 0.6% in February. This compares with the S&P 500, down 0.1%, the DJIA up 0.7%, the NASDAQ down 1.2%, the S&P/TSX up 0.5%, while the BMO Small Cap Index was up 5.0%. February was another relatively flat month for the Wutherich & Co. Composite. Another round […]

Monthly Message The Wutherich & Co. Composite was down 0.1% in January. This compares with the S&P 500, down 5.0%, the DJIA down 5.4%, the NASDAQ down 7.9%, the S&P/TSX down 1.2%, while the BMO Small Cap Index was down 4.0%. January ended flat for the Wutherich & Co. Portfolio. A round trip of sorts. […]

Monthly Message The Wutherich & Co. Composite was down 1.4% in December. This compares with the S&P 500, down 1.6%, the DJIA down 1.5%, the NASDAQ down 2.0%, the S&P/TSX down 3.1%, while the BMO Small Cap Index was down 2.7%. December marked the close of another difficult year for the Wutherich & Co. Portfolio. […]

Monthly Message The Wutherich & Co. Composite was down 0.8% in November. This compares with the S&P 500, up 0.3%, the DJIA up 0.7%, the NASDAQ up 1.1%, the S&P/TSX down 0.2%, while the BMO Small Cap Index was down 1.3%. Resource stocks continue to be under pressure in what was otherwise a neutral month. […]

Dear friends and clients,   We would like to thank all of you who attended our presentation last night. Good food, good wine and great discussion. You made it a wonderful success! In addition, Wil is in Toronto from November 17 to 20th. If you would like to meet with him, don’t hesitate to call […]

Monthly Message The Wutherich & Co. Composite was up 5.4% in October. This compares with the S&P 500, up 8.4%, the DJIA up 8.6%, the NASDAQ up 9.4%, the S&P/TSX up 2.0%, while the BMO Small Cap Index was up 4.4%. We saw a small reprieve in October from the very difficult performance in the […]

Monthly Message The Wutherich & Co. Composite was down 6.0% in September. This compares with the S&P 500, down 2.5%, the DJIA down 1.4%, the NASDAQ down 3.3%, the S&P/TSX down 3.7%, while the BMO Small Cap Index was down 5.7%. September marked the end of the third worst quarter that we have had since […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Investing with Wutherich & Co.” event.   Chères clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Investir avec Wutherich & Co.”.   – Invitation PDF –

Monthly Message The Wutherich & Co. Composite was down 3.2% in August. This compares with the S&P 500, down 6.0%, the DJIA down 5.8%, the NASDAQ down 6.5%, the S&P/TSX down 4.0%, while the BMO Small Cap Index was down 2.5%. Markets continue to be spooked by macro-economic factors. This has brought stock prices down […]