Monthly Message

For May, the Wutherich & Co. Composite was up 9.2%.

Reprieve from Trump Chaos 2.0? Temporary or lasting? We don’t know. We focus on the health of our individual holdings. Given that many of them have just reported their most recent quarters, we have a pretty good snapshot of how they are doing. For the most part, our companies continue to do well. While all are somewhat cautious with the macro-economic environment, most have strong outlooks for the continued growth of their businesses.

A good example of how our companies are coping is Black Diamond Group Ltd. (BDI-T). BDI is a Calgary based provider of modular space units and related services. They do this for markets as diverse as construction, mining, utilities, schools, temporary housing and many other applications. BDI operates in Canada, the US and Australia but moves very little across borders so tariffs don’t have a significant direct impact on them. They may experience secondary impacts of tariffs as these may affect some of their customers. So far, they have not seen any of that as demand and pricing continue to remain strong.

Most of the names in the portfolio show similar resilience. This should provide the foundation for good long-term returns though it is anyone’s guess what will happen in the near-term.

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Monthly Message For April, the Wutherich & Co. Composite was down 1.2%. The ferocity of Trump Chaos 2.0 abated somewhat in April, lessening its blow on the Wutherich & Co. Composite and the markets in general.  Wil is travelling in early May. We’ll be back with more fulsome comments in our next Newsletter.

Monthly Message For March, the Wutherich & Co. Composite was down 4.4%. Trump Chaos 2.0 plays on. During February and March, we reviewed all our names in detail as they reported their most recent quarters. While some are struggling, the bulk of them are doing very well, with strong fundamentals and solid outlooks. While everyone […]

Monthly Message For February, the Wutherich & Co. Composite was down 7.0%. Trump Chaos 2.0 continues to weigh on our portfolio and the markets in general. Trump Tariffs and his geo-political hijinks are creating intense uncertainty and discomfort amongst investors and the population in general. When we examine our portfolio, we find limited direct exposure […]

Monthly Message For January, the Wutherich & Co. Composite was down 1.4%. Trump Chaos 2.0 is starting to roll through the markets. For now, it is in the form of Trump Tariffs. While much of the portfolio has relatively little direct exposure to these, several of our export-oriented names will feel their effects for some […]

Monthly Message Happy New Year! JF and I would like to wish you health, happiness and prosperity for 2025. For December, the Wutherich & Co. Composite was up 0.3%. December’s small gain capped-off a strong year for the Wutherich & Company Composite. Performance rode off the backs of (mostly) strong companies in the portfolio. In […]

Monthly Message Merry Christmas and Season’s Greetings to one and all! For November, the Wutherich & Co. Composite was up 5.0%. With the US election now past, one level of uncertainty has been resolved, though, I think for many of us, a lot of questions remain. Trump 2.0 is on tap. Exactly what that means is […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 22, 2025.   Chers clients et amis, Vous trouverez ci-joint l’invitation à notre prochain évènement virtuel “Mise à Jour Annuelle Wutherich & Co.” qui aura lieu le mercredi 22 janvier 2025. […]

Monthly Message The Wutherich & Co. Composite was up 2.2% in October versus the S&P/TSX being up 0.7%. Trick or Treat? We write this having recently survived Halloween and are waiting for the US election to take place. We’ll let you decide which outcome would be the trick and which the treat. Many of our […]

Monthly Message The Wutherich & Co. Composite was down 1.7% in September versus the S&P/TSX being up 3.2%. While the market continued to be very strong in September, the Wutherich & Co. Composite suffered a set-back with two of our names delivering very weak quarterly results and one of our names announcing an equity issue at […]