The Wutherich & Co. Composite was up 8.2% in February. This compares with the S&P/TSX up 3.1% and the BMO Small Cap Index up 3.5%.
The Wutherich & Co. Portfolio has now gained 28% from its low on Dec. 24, 2018 bringing us back to about where we were at the end of September of 2018. The clients who heeded our call to put in additional money have certainly benefitted from a strong bounce-back. Then, as now, the portfolio wasn’t terribly expensive. So, the good news is that we see more potential for good returns in the long-term.
We have made a few changes to the portfolio recently. We have eliminated our positions in ZCL Composites and CBIZ Inc. ZCL, you may recall, is being taken over by Shawcor Ltd. and CBIZ simply hit our valuation parameters. This has raised cash somewhat but we have already started to plow the money back into other ideas.
Lastly, we have eliminated the 514-868-2112 phone number. In the future, please reach us by contacting Jean-Francis Archambault at 514-924-4438 or Wil Wutherich at 514-487-3782.
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