Monthly Message

The Wutherich & Co. Composite was down 2.2% in January. This compares with the S&P/TSX up 0.8%, the BMO Small Cap Index up 2.0%, S&P 500 (US$) up 1.9%, the DJIA (US$) up 0.6%, while the NASDAQ (US$) was up 4.3%.
The weakness experienced in the Wutherich & Co. Composite during January happened in the last few days of the month. Two forces may have been at work. Many of the stocks in our portfolio that had a strong run from August to December saw heavy selling, on no news, towards the end of January. We also had one company get hit severely on company specific news. New Gold announced that a large development project is running behind schedule and is over budget. So much over budget that the company may face a liquidity crisis later this year. We have eliminated this position after suffering a negative impact on the portfolio of about 1.2% during the month. Our position in Directcash Payments was also eliminated during January, though this was due to the happy completion of its acquisition by Cardtronics.

We think it is very important to ignore day-to-day, month-to-month or even year-to-year movements in stock prices. Rather, we focus on company fundamentals and how we value the individual names in the portfolio. While we will have trouble stocks like New Gold show up in our portfolio from time to time, we believe we will have more happy endings like Directcash Payments to help generate positive long-term returns.

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Dear friends and clients, We would like to remind you that the 2016 RRSP period deadline is March 1, 2017. If you have not made a contribution to your RRSP account with Wutherich & Company in a while, now may be a good time to do so. Feel free to get in touch with us […]

Monthly Message The Wutherich & Co. Composite was up 0.9% in December. This compares with the S&P/TSX up 1.7%, the BMO Small Cap Index up 3.2%, S&P 500 (US$) up 2.0%, the DJIA (US$) up 3.6%, while the NASDAQ (US$) was up 1.2%. December marked the end of a good year for the Wutherich & […]

Monthly Message The Wutherich & Co. Composite was up 4.0% in November. This compares with the S&P/TSX up 2.2%, the BMO Small Cap Index up 1.8%, S&P 500 (US$) up 3.7%, the DJIA (US$) up 5.9%, while the NASDAQ (US$) was up 2.6%. November Trumped October’s strong performance for the Wutherich & Co. Composite. Our positions […]

Monthly Message The Wutherich & Co. Composite was up 1.7% in October. This compares with the S&P/TSX up 0.6%, the BMO Small Cap Index down 2.0%, S&P 500 (US$) down 1.8%, the DJIA (US$) down 0.8%, while the NASDAQ (US$) was down 2.3%. October proved to be a spooky month for the markets though the Wutherich […]

Wil in Toronto Dear clients and friends of the Greater Toronto Area, Wil is going to be in Toronto from November 14th to 16th for client and company meetings. Should you like to meet him to discuss our investment portfolio, feel free to contact him directly at: –  wil@wutherich.ca   or   514-487-3782. Look forward […]

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

Monthly Message The Wutherich & Co. Composite was up 1.6% in September. This compares with the S&P/TSX up 1.2%, the BMO Small Cap Index up 2.9%, S&P 500 (US$) flat at 0.0%, the DJIA (US$) down 0.3%, while the NASDAQ (US$) was up 1.9%. Despite September’s nasty reputation, market performance was fairly stable. Affirmation for […]

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

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