Bulletin

For years now, Wutherich & Co. has been doing its Montreal annual update and cocktail in November and you would have already received a notice inviting you to this event.

With the approach of our 20^th anniversary next May, we have decided to do things a little differently. We will be moving the event to this coming January. This will allow us to do an annual review of the portfolio for the calendar year.

Look for our invitation in the coming weeks.

See you all soon.

Wil & J-F

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Depuis des années, Wutherich et Compagnie organise sa mise à jour annuelle et son cocktail à Montréal en novembre et vous auriez déjà reçu un avis vous invitant à cet événement.

À l’approche de notre 20^e anniversaire en mai prochain, nous avons décidé de faire les choses un peu différemment. Nous déplacerons l’événement en janvier prochain.  Ce qui nous permettra d’en faire maintenant une révision annuelle du portefeuille pour l’année entière.

Vous recevrez notre invitation dans les prochaines semaines.

À bientôt.

Wil et J-F

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Monthly Message The Wutherich & Co. Composite was up 2.7% in September. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 2.0%. The Wutherich & Co. Composite recovered somewhat in September and is now up 16.1% year-to-date. Valuations continue to look compellingly cheap to us. We have maximized exposure to our […]

Monthly Message The Wutherich & Co. Composite was down 7.9% in August. This compares with the S&P/TSX up 0.4% and the BMO Small Cap Index down 0.5%. The Wutherich & Co. Composite did take a hit in August, though still up 12.9% year-to-date. The balance of our companies reported during the month. While two or three […]

Monthly Message The Wutherich & Co. Composite was up 0.3% in July. This compares with the S&P/TSX up 0.3% and the BMO Small Cap Index up 1.9%. The portfolio continues to navigate the summer doldrums at a lugubrious pace. Things may quicken with the release of second quarter results in the coming weeks. A few of […]

Monthly Message The Wutherich & Co. Composite was down 0.8% in June. This compares with the S&P/TSX up 2.5% and the BMO Small Cap Index up 4.6%. Weakness in a handful of weightings in the portfolio hurt performance in June. With one possible exception, we don’t think that there is anything to be concerned about with […]

Monthly Message The Wutherich & Co. Composite was down 3.2% in May. This compares with the S&P/TSX down 3.1% and the BMO Small Cap Index down 2.7%. Sell in May and go away? Well, we certainly saw some selling in May, egged on by a few Trump Tweets about trade. That strategy, however, seems like a […]

Monthly Message The Wutherich & Co. Composite was up 4.9% in April. This compares with the S&P/TSX up 3.2% and the BMO Small Cap Index down 0.3%. We submit our numbers to Mercer (a pension consultant) to compare how we have done versus our peer group. As of March 31, 2019, we rank #1 in the […]

Monthly Message The Wutherich & Co. Composite was up 2.7% in March. This compares with the S&P/TSX up 1.0% and the BMO Small Cap Index down 1.0%. The Wutherich & Co. Composite has now gained 31% from its low on Dec. 24, 2018 and now sits at an all-time high. At 21.4%, the first quarter […]

Monthly Message The Wutherich & Co. Composite was up 8.2% in February. This compares with the S&P/TSX up 3.1% and the BMO Small Cap Index up 3.5%. The Wutherich & Co. Portfolio has now gained 28% from its low on Dec. 24, 2018 bringing us back to about where we were at the end of […]

Monthly Message The Wutherich & Co. Composite was up 9.3% in January. This compares with the S&P/TSX up 8.7% and the BMO Small Cap Index up 8.6%. The Wutherich & Co. Portfolio has gained 18% from its low on Dec. 24, 2018. Just since the end of September we have experienced one of our worst […]