Monthly Message

The Wutherich & Co. Composite was down 1.1% in September. This compares with the S&P/TSX being down 2.2%.

September lived up to its reputation as the worst month for performance in the stock market. There is no lack of things to worry about and investors sold stocks and put their money…where exactly? Well run companies that offer desirable products and services should be around for years, or decades. If you buy them at a reasonable valuation and monitor this over time, you can own them till kingdom come. There is no doubt that geopolitics, macroeconomics and pandemics can knock them about but the best companies will survive and sometimes even thrive in these environments.

Research into new companies to add to the portfolio continues. We have come across many excellent ideas in recent weeks but have found that many of them come at very fancy prices. Maybe it’s Covid, maybe it’s the lounger pants that I wear just below the camera frame during Zoom calls, but I don’t feel fancy and I am unlikely to pay these prices. So, we will continue to dig and hope to come up with one or two new names for the portfolio. In the meantime, the companies that we do hold are doing just fine and should be able to continue to drive good long-term returns.

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Monthly Message The Wutherich & Co. Composite was up 3.5% in August. This compares with the S&P/TSX being up 1.6%. Most of our companies have reported results for their recent quarters and, by and large, the numbers have been excellent. The market, however, is grudging in rewarding these results. Regardless, they support the valuations of […]

Monthly Message The Wutherich & Co. Composite was flat at 0.0% in July. This compares with the S&P/TSX being up 0.8%. There is no lack of things to worry about in the world: Inflation, the climate emergency, Covid, geo-politics and stock valuations are all reasons for great concern. At times like this, we always remind […]

Monthly Message The Wutherich & Co. Composite was up 3.4% in June. This compares with the S&P/TSX being up 2.5%. Already half a year gone! It seems like this every year where we emerge from the dark of winter, looking, achingly, to the longest days, and suddenly, they are upon us and quickly pass. Too […]

Monthly Message The Wutherich & Co. Composite was up 0.1% in May. This compares with the S&P/TSX being up 3.4%. The portfolio came off the boil a little in May. While most of our names reported exceptional numbers for their most recent quarters, a few sold off on this as their good numbers were mostly anticipated. […]

Monthly Message The Wutherich & Co. Composite was up 5.1% in April. This compares with the S&P/TSX being up 2.4%. Performance of the Wutherich & Co. Portfolio has been exceptional over the last year, helped along by strong markets. Given how high valuations are across the board, we are surprised that we can still find […]

Monthly Message The Wutherich & Co. Composite was up 2.0% in March. This compares with the S&P/TSX being up 3.9%. This month, we lapped the pandemic driven low of March 23, 2020. From that date, the Wutherich & Co. Portfolio is up approximately 185%. (Note that we miscalculated the number reported in the February Newsletter, […]

Monthly Message The Wutherich & Co. Composite was up 14.2% in February. This compares with the S&P/TSX being up 4.4%. February 2021 ranks as our third strongest month ever. This follows last April at 22.3% and last November at 18.2%. The portfolio was strong across the board with additional support coming from a takeover offer […]

Monthly Message The Wutherich & Co. Composite was up 3.5% in January. This compares with the S&P/TSX being down 0.3%. What a start to the new year! It seems like we have already had a year’s worth of volatility and news stories in just the first month. We should point out that the number for January […]

Dear clients and friends, We wish to say a heartfelt Thank You to all that attended last night’s Zoom meeting for the Wutherich & Co Annual Presentation. You made it a huge success with over 40 people logging in. We want to make a special thanks to all of the corporate executives on the call […]