Monthly Message

The Wutherich & Co. Composite was down 9.2% in May. This compares with the S&P/TSX being down 8.7%.

Two steps forward, two steps back. Sometimes I hate being right (please don’t tell that to my wife) as we clearly experienced the latter part of this pattern in June.

Last month, we wrote the above lament observing that we have seen large monthly gains offset large losses in the Wutherich & Co. Composite for some time. It is extraordinary to see these swings while little has changed for the companies that make up our portfolio. While there is no question that macro-economic and geo-political issues will affect our names to varying degrees, their prospects are simply not being swung about the way their stock prices are indicating. As always, we do our homework, we determine where we are comfortable buying or selling a name and add or reduce accordingly.

One of our holdings, Points.com (PTS-T) is being taken over. This should generate about 10% additional cash in the portfolio. We hope to re-deploy this in some of our favourites and maybe even add one or two names. This may not pay-off tomorrow, next week or next year but we do think it will make us money over the long-term.

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Monthly Message The Wutherich & Co. Composite was up 7.8% in May. This compares with the S&P/TSX being up 0.1%. Two steps forward, two steps back. At least, that’s the way it feels. We have seen large monthly gains offset large losses in the Wutherich & Co. Composite for some time while little has changed […]

Monthly Message The Wutherich & Co. Composite was down 5.5% in April. This compares with the S&P/TSX being down 5.0%. Geopolitics and the macro-economy continue to create turbulent waters. While some of our companies are being affected by swirls and eddies, most are flowing along just fine. We don’t mean to be flippant. We take the […]

Monthly Message The Wutherich & Co. Composite was up 4.2% in March. This compares with the S&P/TSX being up 4.0%. Though March showed a small recovery, geopolitical and macro-economic factors continue to weigh on the markets and the Wutherich & Company Portfolio. Our way to counter that is to focus on the prospects of the […]

Monthly Message The Wutherich & Co. Composite was down 3.7% in February. This compares with the S&P/TSX being up 0.3%. The Russian invasion of Ukraine, Covid, inflation, interest rates and the supply chain continue to impact the market and the Wutherich & Company Portfolio. While the major US indices have performed similarly to the Wutherich & […]

Monthly Message The Wutherich & Co. Composite was down 9.0% in January. This compares with the S&P/TSX being down 0.4%. Yes, down 9%. Russia, Covid, inflation, interest rates and the supply chain are all impacting the market. Covid and the supply chain are having specific impacts on some of our companies, often more so than expected. […]

Monthly Message The Wutherich & Co. Composite was down 1.1% in December. This compares with the S&P/TSX being up 3.1%. Happy New Year! December marked a quiet end to an exceptional year. At 34.3%, 2021 was the second highest annual return that we have had for the Wutherich & Co. Composite. A pandemic-free 2004 marked […]

Invitation Dear clients and friends, Please find attached the invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 26, 2022.   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 26 janvier 2022. […]

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 […]

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 […]