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 for CRH Medical (CRH-T) and a resumption of trading in Sangoma Technologies (STC-T, please see last month’s Newsletter).

The Wutherich & Co. portfolio is now up about 156% from its low of March 23, 2020. As startling as this number is, it just represents a recovery to where the portfolio should be based on its fundamentals. Sure, a few of our names have run up a little and we have trimmed them. This has caused some cash to build but we think there are a few good places to put the money. In the coming months, you should see us add to some existing names and possibly even introduce a few new ones to the portfolio.

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