Monthly Message

The Wutherich & Co. Composite was up 10.3% in November. This compares with the S&P/TSX being up 7.5%.

The Wutherich & Company Composite performed well in November with nary a mega-cap technology stock in sight. What it does contain are excellent small to mid-sized companies with reasonable valuations and good long-term prospects. Most just reported their recent quarterly results and, by and large, the numbers were excellent. There is an ongoing disconnect between valuations and fundamentals. Many of our names continue to trade at extremely low valuations despite very strong underlying business characteristics. A difficult geopolitical environment and a general malaise amongst investors may be the cause but one thing that I have learned over my thirty-one years as an investor is that, given time, the fundamentals win out. Of course, geo-political, macro-economic or some other disaster will affect this, but all things being equal, a stock’s price will reflect the prospects of its company over time.

In the case of the Wutherich & Company Portfolio, we think this will provide us with excellent long-term performance.

As we head into this holiday season, JF and I would like to wish everyone a Very Merry Christmas and Happy Holidays. We are also very much looking forward to welcoming you in the new year at our Annual Update on January 24, 2024 at the Mount Stephen Hotel, both in person and via ZOOM. Cocktails and hors d’oeuvres at 17:30, presentation at 18:00. Please let us know if you can attend by sending us an email at jf@wutherich.ca or calling at 514-924-4438.

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Monthly Message The Wutherich & Co. Composite was down 0.8% in October. This compares with the S&P/TSX being down 3.2%. The Wutherich & Company Composite continues to hold up well in an otherwise weak market. The quality of the names in the portfolio, and their excellent value, have supported this performance. A recent example of how […]

Invitation Dear clients and friends, It will be good to see you again “live”! Please find attached the invitation to our upcoming “Wutherich & Co.’s Annual Update” hybrid event taking place Wednesday January 24, 2024.   Chers clients et amis, Ce sera bon de vous revoir en personne! Vous trouverez ci-joint l’invitation à notre prochain […]

Monthly Message The Wutherich & Co. Composite was down 0.7% in September. This compares with the S&P/TSX being down 3.3%. All things considered, the Wutherich & Company Composite fared well in September and very well over the last year. We put this down to the quality of the companies in our portfolio. Recent results for […]

Monthly Message The Wutherich & Co. Composite was down 2.4% in August. This compares with the S&P/TSX being down 1.4%. As we had mentioned last month, most of our companies reported their most recent quarters during August. We had a high level of conviction that most would continue to demonstrate the ongoing strength of their businesses. […]

Monthly Message The Wutherich & Co. Composite was up 1.3% in June. This compares with the S&P/TSX being up 3.4%. Some of the macro-economic fears that have been consuming investors for the last few quarters have abated allowing markets to have an uneven recovery. Focus is on a handful of names with everything else just […]

Monthly Message The Wutherich & Co. Composite was down 1.8% in May. This compares with the S&P/TSX being down 4.9%. Debt ceiling battles in the US, Russia’s invasion of Ukraine, recession fears, inflation, higher interest rates, the health of the consumer, concerns about the banking environment and regulatory changes continue to weigh on markets, and […]

Monthly Message The Wutherich & Co. Composite was up 0.3% in April. This compares with the S&P/TSX being up 2.9%. Wil is travelling. We will not be providing the full Newsletter this month. He will get back to his usual vital, engaging, enlightening, elucidating and indispensable comments next month.   To view the complete Monthly […]

Monthly Message The Wutherich & Co. Composite was down 6.1% in March. This compares with the S&P/TSX being down 0.2%. Some of our names came off significantly in March, notably goeasy (T-GSY) and Hibbett Inc. (Q-HIBB). Recession fears, inflation, higher interest rates, the health of the consumer, concerns about the banking environment and regulatory changes […]

Monthly Message The Wutherich & Co. Composite was up 1.3% in February. This compares with the S&P/TSX being down 2.4%. The Wutherich & Co. Composite squeezed out another positive month in February as the world churns with uncertainty. We think our companies are well positioned to weather current economic and geo-political storms. Will they be […]