Monthly Message

The Wutherich & Co. Composite was down 1.4% in October. This compares with the S&P/TSX being down 1.6%.

Most of our companies have reported their recent quarters and results have, for the most part, been exceptional. Many of the companies that we invest in are what I would call permanent businesses. While all businesses can be knocked around by the economy and events like the pandemic, many of ours are relatively less sensitive to these influences. There is a permanence or persistency to the demand for their products or services. Investing in these types of businesses gives us the luxury of sitting back while the market experiences huge swings. We have a high degree of confidence that these companies will do just fine and continue to make us good returns in the long-term.

Lastly, JF and I would like to invite you to join us for our Wutherich & Co. Annual Update, to be held, virtually, on January 26, 2022. Yes, virtually, even though you know that JF would love to be enjoying a glass of wine, or two…or three, with you at the Mount Stephen Hotel while I stand in the corner with saint-like forbearance. Yet alas, COVID continues to interfere with JF’s entertaining plans and we will conduct the meeting via Zoom. Please let us know if you would like the link to attend the meeting

To view the complete Monthly Message and Factsheet click here

Monthly Message The Wutherich & Co. Composite was up 2.6% in October. This compares with the S&P/TSX being up 5.0%. Our companies have started to report again for their most recent quarters. One standout so far has been 1-800 Flowers.com (FLWS-Q). This company operates an e-commerce platform that provides flowers, gift baskets, gourmet foods, seasonal […]

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 […]

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 […]