Monthly Message
Happy August Long Weekend!
For July, the Wutherich & Co. Composite was down 0.3%.
This time of year, many Canadians are at their cottage/cabin on the lake. In this spirit, the Wutherich & Company Composite treaded water for July. For the time being, not much is pushing our names up or down.
We said good-bye to Blackline Safety in July. Yet another great Canadian small cap industrial/technology company gets taken private. We’ve seen a lot of this over the last year or so. We haven’t fully replaced the position yet but are looking at many candidates. While there are many excellent prospects to choose from, the challenge is valuation. Anything of quality already comes at a high price. We always have the option of upping our current positions as we have many excellent names currently in the portfolio. Most of them are strong, profitable, sustainable growers that should compound for us for years to come.
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