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 the stocks in our portfolio. Collectively, though they are no longer ridiculously cheap, we still own several inexpensive stocks which should continue to drive long-term returns.

As the summer winds down the conference season winds up! September is always a busy time of year for company presentations. Though I used to enjoy trips to New York, Toronto or further afield to see these, I now enjoy a trip to my computer screen! Regardless, it is a good time for basic research where we hope to uncover one or two names to introduce to the portfolio. Though COVID remains a powerful overhang for any investment, not to mention day-to-day life, we’ve always had a strong conviction that there are many companies who are capable of surviving these difficult times and are worth owning.

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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 […]

Monthly Message The Wutherich & Co. Composite was up 5.0% in December. This compares with the S&P/TSX being up 1.7%. Happy New Year! Say what you will about 2020, it was certainly interesting. Commentators will come out with their “Best of the Worst Year”, “Worst of the Worst Year” and so on. We’ll skip all of […]