Monthly Message

The Wutherich & Co. Composite was up 1.6% in July. This compares with the S&P/TSX up 4.5% and the BMO Small Cap Index up 7.8%.

Gold stocks have provided a large boost to Canadian indexes. We look at the space from time to time and have even owned a few names in the past. In our view, very few gold companies are sustained value adders. Most of them trade on the sentiment of the day. Currently, the sentiment is very positive. However, in my 28 years as a money manager, I have seen times when sentiment on the Gold Sector can be very negative for extended periods of time. This wipes out many of the companies that don’t have the very best of underlying fundamentals. Our core investment philosophy is to look for companies that have stronger, more stable demand characteristics for the products and services that they offer and that this can perpetuate itself for years to come, regardless of current market sentiment. The coronavirus will pass. Will people still be as interested in the price of gold at that time? They will probably still be consuming beer, using telecom equipment, getting colonoscopies, taking out consumer loans, buying sports shoes, and using convenience stores (to name a few of the characteristics of the companies that we invest in).

JF and I continue to hope that all of you are faring well during these difficult times.

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Monthly Message The Wutherich & Co. Composite was up 4.6% in June. This compares with the S&P/TSX up 2.5% and the BMO Small Cap Index up 4.6%. As of June 30th, we are up 61.6% from our low of March 23rd but still down 30.0% from our all-time high on February 19th. Large caps have certainly […]

Monthly Message The Wutherich & Co. Composite was up 4.8% in May. This compares with the S&P/TSX up 3.0% and the BMO Small Cap Index up 6.1%. As of May 31st, we are up 54% from our low of March 23rd but still down 33% from our all-time high on February 19th. Reflex rally? Maybe, but […]

Monthly Message The Wutherich & Co. Composite was up 22.3% in April. This compares with the S&P/TSX up 10.8% and the BMO Small Cap Index up 23.2%. As of April 30th, we are up 47.5% from our low of March 23rd but still down 36.1% from our all-time high on February 19th. We have gone from […]

Monthly Message The Wutherich & Co. Composite was down 40% in March. This compares with the S&P/TSX down 17.4% and the BMO Small Cap Index down 28.5%. We understand how striking the -40% number is to all of us. JF and I have the majority of our net-worth in this portfolio and feel the pain right […]

Bulletin Dear Clients and Friends, Our regulators require us to have a Business Continuity Plan in place. It is allowed to be shaped according to the size and type of our business. They now want to see this plan implemented.  As many of you know, J-F and I are the only two employees of Wutherich […]

Monthly Message The Wutherich & Co. Composite was down 8.0% in February. This compares with the S&P/TSX down 5.9% and the BMO Small Cap Index down 8.9%. The coronavirus continues to rock markets and our portfolio. Though this is a tremendous human tragedy for those directly affected by the virus, we don’t believe that this is […]

Monthly Message The Wutherich & Co. Composite was up 1.2% in January. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 2.1%. It has been rocky start to the year with the coronavirus being the latest reason to trade stocks. We have lived and invested through SARS, H1N1, Ebola, MERS and […]

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 4.1% in December. This compares with the S&P/TSX up 0.5% and the BMO Small Cap Index up 5.4%. Happy New Year one and all! Is it too much to ask for 2020 being as good as 2019? The Wutherich & Co. Composite posted a 31.1% return in […]