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 Pavilion (formerly Brockhouse Cooper), a service that measures our performance relative to a group of peers that participate in the small cap space. The report shows that, as of June 2018, we are ranked Number 1 in Canada on a one-year basis and Number 3 on a two year basis (both are gross of fees). Hats off to our clients who had stuck with us during our downturn from 2014 to 2016. Stay tuned, we will come back to you next week with additional colour on the results shown in this report.

In July, the Wutherich & Co. Portfolio slipped sideways on little news. Only 4 of our 17 names have reported quarterly earnings so far. Three out of four were strong with one being somewhat disappointing. We expect to have a lot more news during the month of August as the rest of our companies report. As we mentioned last month, we will be using the balance of the year to eliminate some weak names and add to some of the stronger positions in the portfolio. We have been searching intensively for new names to add to the portfolio over the last several months. A few ideas have come to our attention but valuation continues to be a big hurdle. Any company of quality with good growth prospects comes with a very high price tag. We will keep research files on these and hope to have an opportunity to buy them at some point in the future.

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Monthly Message The Wutherich & Co. Composite was up 2.2% in June. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 0.3%. In June, The Wutherich & Co. Portfolio crept forward with very little news affecting our companies. Though the winds of trade war are blowing, there does not appear […]

Monthly Message The Wutherich & Co. Composite was up 6.6% in May. This compares with the S&P/TSX up 3.1% and the BMO Small Cap Index up 2.3%. May of 2018 marks the 200th month of the Wutherich & Co. Composite! Clients that stayed with us for this entire period would have made 6.4 times their […]

Monthly Message The Wutherich & Co. Composite was down 0.3% in April. This compares with the S&P/TSX up 1.8% and the BMO Small Cap Index up 3.8%. The Wutherich & Co. Portfolio drifted down slightly during the month on very little news. The Canadian Indexes benefitted from a very strong move in Energy stocks, which […]

Monthly Message The Wutherich & Co. Composite was down 0.3% in March. This compares with the S&P/TSX down 0.2% and the BMO Small Cap Index down 1.6%. By the end of March, all of our companies in the Wutherich & Co. Portfolio had reported their most recent quarterly results. With a few exceptions, the numbers […]

Monthly Message The Wutherich & Co. Composite was down 2.7% in February. This compares with the S&P/TSX down 3.0% and the BMO Small Cap Index down 3.9%. The Wutherich & Co. Portfolio was down along with the markets in February. We don’t make too much of this as we always focus on the fundamentals of […]

Monthly Message The Wutherich & Co. Composite was up 2.6% in January. This compares with the S&P/TSX down 1.4% and the BMO Small Cap Index down 2.5%. Nice to see another gain in January in the Wutherich & Co. Composite, and nary a pot stock in sight (which you will never see in the portfolio)! […]

Dear friends and clients, We would like to remind you that the 2017 RRSP period deadline is March 1, 2018. 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 9.6% in December. This compares with the S&P/TSX up 1.2% and the BMO Small Cap Index up 3.6%. Well, better late than never. Our 9.6% result in December marked one of our largest monthly gains ever (November 2004 was our largest at 10.6%), dragging us into […]

Monthly Message The Wutherich & Co. Composite was down 2.8% in November. This compares with the S&P/TSX up 0.5%, the BMO Small Cap Index flat at 0.0%. We have removed the U.S. indexes as they provide little relevance for comparison. While most of our companies reported good or great quarterly results in November, a few […]