Monthly Message
The Wutherich & Co. Composite was up 2.2% in June. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 0.3%.
In June, The Wutherich & Co. Portfolio crept forward with very little news affecting our companies. Though the winds of trade war are blowing, there does not appear to be any significant impact, yet, on our names.
We have added another position to the portfolio in recent months: Questor Technology Inc. (QST-T). The company, based in Calgary, makes combustion systems that help reduce greenhouse gas emissions from a wide variety of sources. We have always been sensitive to environmental issues in the portfolio and QST definitely plays into this. The company’s main market is now the oil and gas producing regions of Colorado. We see the potential for adoption in other basins as well. This should provide QST with years of rapid revenue growth and improving profitability.
In the coming months, we hope to eliminate a few of the weaker names in the portfolio and redeploy the cash in a handful of stronger ideas. Cut the weeds and water the flowers, to paraphrase investing legend Peter Lynch.
Lastly, we would like our readers to note our new mailing address: 24 Brock Avenue, North, Montreal West, Quebec, H4X 2E9
To view the complete Monthly Message and Factsheet click here