Monthly Message

The Wutherich & Co. Composite was up 5.4% in October. This compares with the S&P 500, up 8.4%, the DJIA up 8.6%, the NASDAQ up 9.4%, the S&P/TSX up 2.0%, while the BMO Small Cap Index was up 4.4%.

We saw a small reprieve in October from the very difficult performance in the prior few months. Though a few of our stocks have come back a little, we still see good value in many of our names. Eleven out of the sixteen companies that we own are trading for less than 10 times cash flow. This is nowhere near as cheap as the 2008-2009 downturn where we saw many of our companies trade for as little as 5 times cash flow, but it bodes well for long-term performance. Tax loss selling may continue to pressure many of our names and the market’s obsession with Federal Reserve policy may provide more thrills and spills. Regardless, we continue to believe that the portfolio is reasonable value and will be much higher in the next five to ten years.

Please note that we still have seats available for our event on Nov. 5. Please contact us at jf@wutherich.ca and let us know that you can attend.

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Monthly Message The Wutherich & Co. Composite was down 6.0% in September. This compares with the S&P 500, down 2.5%, the DJIA down 1.4%, the NASDAQ down 3.3%, the S&P/TSX down 3.7%, while the BMO Small Cap Index was down 5.7%. September marked the end of the third worst quarter that we have had since […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Investing with Wutherich & Co.” event.   Chères clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Investir avec Wutherich & Co.”.   – Invitation PDF –

Monthly Message The Wutherich & Co. Composite was down 3.2% in August. This compares with the S&P 500, down 6.0%, the DJIA down 5.8%, the NASDAQ down 6.5%, the S&P/TSX down 4.0%, while the BMO Small Cap Index was down 2.5%. Markets continue to be spooked by macro-economic factors. This has brought stock prices down […]

Monthly Message The Wutherich & Co. Composite was down 6.3% in July. This compares with the S&P 500, up 2.1%, the DJIA up 0.5%, the NASDAQ up 2.8%, the S&P/TSX down 0.3%, while the BMO Small Cap Index was down 7.3%. The world has moved on from the Greek crisis for now and is focusing […]

Monthly Message The Wutherich & Co. Composite was down 3.0% in June. This compares with the S&P 500, down 1.9%, the DJIA down 2.1%, the NASDAQ down 1.6%, the S&P/TSX down 2.8%, while the BMO Small Cap Index was down 3.6%. Greece is the word, though we don’t believe the country’s debt crisis will have […]

Monthly Message The Wutherich & Co. Composite was down 1.2% in May. This compares with the S&P 500, up 1.3%, the DJIA up 1.4%, the NASDAQ up 2.6%, the S&P/TSX down 1.2%, while the BMO Small Cap Index was down 0.2%. Investors are obsessed with Technology again. To a lesser extent, they love healthcare. In […]

Monthly Message   The Wutherich & Co. Composite was up 2.2% in February. This compares with the S&P 500, up 5.7%, the DJIA up 6.0%, the NASDAQ up 7.1%, the S&P/TSX up 4.0%, while the BMO Small Cap Index was up 3.9%. I have just come back from vacation and have no detailed comments for […]

Monthly Message   The Wutherich & Co. Composite was down 3.1% in November. This compares with the S&P 500, down 20.3%, the DJIA up 2.9%, the NASDAQ up 0.1%, the S&P/TSX down 0.4%, while the BMO Small Cap Index was down 0.3%. My friends know me as a skier and so I recognize a face plant […]

Dear friends and clients, We would like to thank all of you who attended our presentation last Thursday. You made it again a wonderful success! Till next time. Cheers, Wil & JF ________________________________________________________________________________________ Chers amis et clients, Nous tenons à remercier tous ceux qui ont assisté à notre présentation de jeudi dernier.  Vous en avez […]