Monthly Message

The Wutherich & Co. Composite was up 2.6% in May. This compares with the S&P 500 (US$) up 1.8%, the DJIA (US$) up 0.5%, the NASDAQ (US$) up 3.6%, the S&P/TSX up 1.0%, while the BMO Small Cap Index was up 0.3%.

Resource stocks took a breather in May. Whither? Who knows. The Wutherich & Co Composite is far broader-based than the typical Canadian small-to-mid cap portfolio. Sometimes this hurts performance, sometimes it helps. While we feel the pain and the pleasure, we don’t think that much about it. We are always looking for companies that we are comfortable with owning for years, even decades, through good times and bad. For most of these companies, management decisions have a far greater impact on their success or failure than fluctuating commodity prices.

To view the complete Monthly Message and Factsheet click here