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 to go. It still contains some cheap stocks. We never know when they will get recognized but it does bode well for returns over the coming years. There is no question that the pandemic and other factors will affect the timing of these returns but not their eventuality.
JF and I will be hosting a virtual presentation of our “Wutherich & Co.’s Annual Update” in January. We will be giving you the details on how to connect shortly.
In the meantime, we wish all of you a Happy Holidays and a very Merry Christmas.
To view the complete Monthly Message and Factsheet click here