Monthly Message

The Wutherich & Co. Composite was down 4.5% in December. This compares with the S&P/TSX down 5.4% and the BMO Small Cap Index down 3.8%.

The Wutherich & Co. Portfolio did a partial u-ey in December. Though we didn’t get quite turned around, we did come back from an 11.6% deficit at one point during the month. Still, the portfolio is down about 16% from the end of September. It is very hard to imagine that our companies are worth, collectively, 16% less than three months ago when we don’t believe that they were overpriced to begin with. As we said during the last few months, we would like to bring cash even lower while buying more of our favourite names. At 3%, we are just about there. Being nearly fully invested, we get to watch and wait. The market should eventually get the value of these stocks and drive performance over time.

We don’t normally suggest any kind of timing or push our clients to take a harder look at making contributions, but we will give them a nudge this time. The Wutherich & Co. Portfolio is about as cheap as it has been for probably 7 years, the last time being the Fall of 2011. We think that the odds are very much on our side that we should have good performance over the next five or ten years. JF and I are putting our money where our mouth is! We have both added money to our various accounts this January. How about you?

Once again, we would like to wish our clients and friends all the very best in the New Year.

To view the complete Monthly Message and Factsheet click here

Monthly Message The Wutherich & Co. Composite was up 0.3% in November. This compares with the S&P/TSX up 1.4% and the BMO Small Cap Index down 3.7%. The Wutherich & Co. Portfolio did a u-ey in November. With only four days left in the month we were down 4.1%. By month’s end, we were up 0.3%! […]

Monthly Message The Wutherich & Co. Composite was down 11.2% in October. This compares with the S&P/TSX down 6.2% and the BMO Small Cap Index down 8.5%. October was a difficult month for the Wutherich & Co. Portfolio and the markets in general. With perhaps one or two exceptions, very little has changed in the […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Monthly Message The Wutherich & Co. Composite was down 0.9% in September. This compares with the S&P/TSX down 0.9% and the BMO Small Cap Index down 0.9%. The Organic, Gluten Free Portfolio (look at last month’s Newsletter for an explanation) took a small breather in September. There is no particular news behind this. September is […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event.   Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Monthly Message The Wutherich & Co. Composite was up 2.7% in August. This compares with the S&P/TSX down 0.8% and the BMO Small Cap Index up 0.8%. The Organic, Gluten Free Portfolio A friend’s parents have a farm near Ottawa. They have a small woodlot on their property and sell firewood from felled trees. A neighbor, […]

Here’s to number1! Last week we mentioned that we would bring you additional colour on our latest Pavilion report. So here it goes. Pavilion (previously Brockhouse Cooper) keeps track of our performance relative to a group of peers in what they call the Canadian Small Cap Equity Universe. The latest report, as of June 2018, […]

Monthly Message The Wutherich & Co. Composite was up 0.3% in July. This compares with the S&P/TSX up 1.1% and the BMO Small Cap Index down 1.0%. Here’s to number one! It has been a little while since we have been there, so we will crow about it while we can. We submit numbers to […]