Monthly Message

The Wutherich & Co. Composite was down 6.3% in July. This compares with the S&P 500, up 2.1%, the DJIA up 0.5%, the NASDAQ up 2.8%, the S&P/TSX down 0.3%, while the BMO Small Cap Index was down 7.3%.

The world has moved on from the Greek crisis for now and is focusing more on slowing global and Chinese growth. Commodity prices have suffered in this environment, and along with them, many of the stocks that we have invested in. While we do not only invest in resource stocks, the ones that we do own have had an outsized impact on our performance over the last several quarters. Believe me, we feel the pain but are not panicking as a result. When we are convinced that a position cannot deliver its target rate of return, we will trim it. In the meantime, we are holding many of our names, provided they demonstrate an ability to survive and even thrive in this environment. As always, we continue our search for reasonably priced stocks. Though difficult, several names that we monitor are drifting into range and we would love to own them at the right price.

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Monthly Message The Wutherich & Co. Composite was down 3.0% in June. This compares with the S&P 500, down 1.9%, the DJIA down 2.1%, the NASDAQ down 1.6%, the S&P/TSX down 2.8%, while the BMO Small Cap Index was down 3.6%. Greece is the word, though we don’t believe the country’s debt crisis will have […]

Monthly Message The Wutherich & Co. Composite was down 1.2% in May. This compares with the S&P 500, up 1.3%, the DJIA up 1.4%, the NASDAQ up 2.6%, the S&P/TSX down 1.2%, while the BMO Small Cap Index was down 0.2%. Investors are obsessed with Technology again. To a lesser extent, they love healthcare. In […]

Monthly Message   The Wutherich & Co. Composite was up 2.2% in February. This compares with the S&P 500, up 5.7%, the DJIA up 6.0%, the NASDAQ up 7.1%, the S&P/TSX up 4.0%, while the BMO Small Cap Index was up 3.9%. I have just come back from vacation and have no detailed comments for […]

Monthly Message   The Wutherich & Co. Composite was down 3.1% in November. This compares with the S&P 500, down 20.3%, the DJIA up 2.9%, the NASDAQ up 0.1%, the S&P/TSX down 0.4%, while the BMO Small Cap Index was down 0.3%. My friends know me as a skier and so I recognize a face plant […]

Dear friends and clients, We would like to thank all of you who attended our presentation last Thursday. You made it again a wonderful success! Till next time. Cheers, Wil & JF ________________________________________________________________________________________ Chers amis et clients, Nous tenons à remercier tous ceux qui ont assisté à notre présentation de jeudi dernier.  Vous en avez […]

Monthly Message The Wutherich & Co. Composite was down 2.2% in October. This compares with the S&P 500, up 2.4%, the DJIA up 2.2%, the NASDAQ up 3.1%, the S&P/TSX down 2.1%, while the BMO Small Cap Index was down 6.6%. October served-up more nastiness in the Canadian markets while all was well in the U.S. […]

Monthly Message The Wutherich & Co. Composite was down 5.0% in September. This compares with the S&P 500, down 1.4%, the DJIA down 0.2%, the NASDAQ down 1.9%, the S&P/TSX down 4.0%, while the BMO Small Cap Index was down 8.8%. September served-up some of its nastiness with many of the stocks that we look at […]