Monthly Message

The Wutherich & Co. Composite was down 5.5% in April. This compares with the S&P/TSX being down 5.0%.

Geopolitics and the macro-economy continue to create turbulent waters. While some of our companies are being affected by swirls and eddies, most are flowing along just fine. We don’t mean to be flippant. We take the current environment very seriously and recognize how negative an impact world events could have on all of our names. In recent conversations with our companies, most of them are managing their respective challenges very well. As with crises in the past (the tech crash and bear market of 2000 to 2002; the financial crisis of 2008-2009; the Covid pandemic of 2019 to present and now the overlay of the Ukraine war) we are constantly thinking about how our companies’ valuations are being impacted by factors within and outside of their control. Though a few of our names may stumble further that I am anticipating, most look to get through this crisis in excellent shape. As with crises past, it has always paid to stay patient.

To view the complete Monthly Message and Factsheet click here

Monthly Message The Wutherich & Co. Composite was up 4.2% in March. This compares with the S&P/TSX being up 4.0%. Though March showed a small recovery, geopolitical and macro-economic factors continue to weigh on the markets and the Wutherich & Company Portfolio. Our way to counter that is to focus on the prospects of the […]

Monthly Message The Wutherich & Co. Composite was down 3.7% in February. This compares with the S&P/TSX being up 0.3%. The Russian invasion of Ukraine, Covid, inflation, interest rates and the supply chain continue to impact the market and the Wutherich & Company Portfolio. While the major US indices have performed similarly to the Wutherich & […]

Monthly Message The Wutherich & Co. Composite was down 9.0% in January. This compares with the S&P/TSX being down 0.4%. Yes, down 9%. Russia, Covid, inflation, interest rates and the supply chain are all impacting the market. Covid and the supply chain are having specific impacts on some of our companies, often more so than expected. […]

Monthly Message The Wutherich & Co. Composite was down 1.1% in December. This compares with the S&P/TSX being up 3.1%. Happy New Year! December marked a quiet end to an exceptional year. At 34.3%, 2021 was the second highest annual return that we have had for the Wutherich & Co. Composite. A pandemic-free 2004 marked […]

Invitation Dear clients and friends, Please find attached the invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 26, 2022.   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 26 janvier 2022. […]

Monthly Message The Wutherich & Co. Composite was down 1.4% in October. This compares with the S&P/TSX being down 1.6%. Most of our companies have reported their recent quarters and results have, for the most part, been exceptional. Many of the companies that we invest in are what I would call permanent businesses. While all businesses […]

Monthly Message The Wutherich & Co. Composite was up 2.6% in October. This compares with the S&P/TSX being up 5.0%. Our companies have started to report again for their most recent quarters. One standout so far has been 1-800 Flowers.com (FLWS-Q). This company operates an e-commerce platform that provides flowers, gift baskets, gourmet foods, seasonal […]

Monthly Message The Wutherich & Co. Composite was down 1.1% in September. This compares with the S&P/TSX being down 2.2%. September lived up to its reputation as the worst month for performance in the stock market. There is no lack of things to worry about and investors sold stocks and put their money…where exactly? Well […]

Monthly Message The Wutherich & Co. Composite was up 3.5% in August. This compares with the S&P/TSX being up 1.6%. Most of our companies have reported results for their recent quarters and, by and large, the numbers have been excellent. The market, however, is grudging in rewarding these results. Regardless, they support the valuations of […]