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, it should have read 180%, not 156%).
Nearly tripling any portfolio in about a year should be considered unusual. The 2020 low was an over-reaction to the pandemic. Conversely, we do not think that the re-bound in the Wutherich & Co. Portfolio is an over-reaction to the upside, at least not for most of our names. While some may have over-done it, most of our names have merely appreciated to fair value.
The past 12 months for us have been a true example of the benefits of staying the course. If you are convinced with the fundamentals of your holdings, make as few adjustments as possible. Over time, you should do just fine. This is something that we have done over-and-over again for the last 21 years. Now, we are mindful that the pandemic is not done with us yet. Rest assured, we will keep applying a steady hand to the tiller and calmly navigate through any storms.
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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 […]
Invitation Dear clients and friends, Please find attached the invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 27, 2021. Chers clients et amis, Vous trouverez ci-joint l’invitation à notre prochain évènement virtuel “Mise à Jour Annuelle Wutherich & Co.” qui aura lieu le mercredi 27 janvier 2021. […]
Monthly Message The Wutherich & Co. Composite was up 18.2% in November. This compares with the S&P/TSX being up 10.6%. November marked the second-best month ever for the Wutherich & Co. Portfolio (we posted a 22.3% gain in April of 2020). While the Portfolio is starting to reflect its underlying value, we think there is more […]
Monthly Message The Wutherich & Co. Composite was up 0.9% in October. This compares with the S&P/TSX being down 3.1%. The portfolio continues its recovery from the downturn that we experienced last Spring. The 0.9% result for October represents a U-turn from earlier in the month. At one point, the portfolio was up nearly 10%. […]
Monthly Message The Wutherich & Co. Composite was up 2.7% in September. This compares with the S&P/TSX being down 2.1%. We continue to scratch and claw our way back to fair value in the Wutherich & Company Portfolio. We have rebounded 88% from our March lows. Sure, the pandemic has had an impact on our companies […]
Monthly Message The Wutherich & Co. Composite was up 11.7% in August. This compares with the S&P/TSX, up 2.3%. For the time being, we are not including a comparison with the small cap index. The provider is looking to charge more for the data than we are willing to pay. If you know anything about […]