Monthly Message

The Wutherich & Co. Composite was down 0.8% in November. This compares with the S&P 500, up 0.3%, the DJIA up 0.7%, the NASDAQ up 1.1%, the S&P/TSX down 0.2%, while the BMO Small Cap Index was down 1.3%.

Resource stocks continue to be under pressure in what was otherwise a neutral month. We still see good value in many of our names though some have rebounded considerably from the lows of August and September. We are always checking for the ability of our companies to survive a sustained weak environment. If a company shows signs of significant vulnerability, we will trim, and eventually eliminate it, from the portfolio. We have done this over the last several months. Conversely, we think that tax loss selling is unduly pressuring several of our names and we are selectively adding to several positions. As we have said in recent months, we believe that the portfolio, while not resoundingly cheap, is reasonable value and will be much higher in the next five to ten years.

We would also like to thank those clients and friends that attended our Nov. 5th event. It was one of the best conversations with a group of clients and fellow investors that we have had in many years.

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Dear friends and clients,   We would like to thank all of you who attended our presentation last night. Good food, good wine and great discussion. You made it a wonderful success! In addition, Wil is in Toronto from November 17 to 20th. If you would like to meet with him, don’t hesitate to call […]

Monthly Message The Wutherich & Co. Composite was up 5.4% in October. This compares with the S&P 500, up 8.4%, the DJIA up 8.6%, the NASDAQ up 9.4%, the S&P/TSX up 2.0%, while the BMO Small Cap Index was up 4.4%. We saw a small reprieve in October from the very difficult performance in the […]

Monthly Message The Wutherich & Co. Composite was down 6.0% in September. This compares with the S&P 500, down 2.5%, the DJIA down 1.4%, the NASDAQ down 3.3%, the S&P/TSX down 3.7%, while the BMO Small Cap Index was down 5.7%. September marked the end of the third worst quarter that we have had since […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Investing with Wutherich & Co.” event.   Chères clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Investir avec Wutherich & Co.”.   – Invitation PDF –

Monthly Message The Wutherich & Co. Composite was down 3.2% in August. This compares with the S&P 500, down 6.0%, the DJIA down 5.8%, the NASDAQ down 6.5%, the S&P/TSX down 4.0%, while the BMO Small Cap Index was down 2.5%. Markets continue to be spooked by macro-economic factors. This has brought stock prices down […]

Monthly Message The Wutherich & Co. Composite was down 6.3% in July. This compares with the S&P 500, up 2.1%, the DJIA up 0.5%, the NASDAQ up 2.8%, the S&P/TSX down 0.3%, while the BMO Small Cap Index was down 7.3%. The world has moved on from the Greek crisis for now and is focusing […]

Monthly Message The Wutherich & Co. Composite was down 3.0% in June. This compares with the S&P 500, down 1.9%, the DJIA down 2.1%, the NASDAQ down 1.6%, the S&P/TSX down 2.8%, while the BMO Small Cap Index was down 3.6%. Greece is the word, though we don’t believe the country’s debt crisis will have […]

Monthly Message The Wutherich & Co. Composite was down 1.2% in May. This compares with the S&P 500, up 1.3%, the DJIA up 1.4%, the NASDAQ up 2.6%, the S&P/TSX down 1.2%, while the BMO Small Cap Index was down 0.2%. Investors are obsessed with Technology again. To a lesser extent, they love healthcare. In […]

Monthly Message The Wutherich & Co. Composite was up 2.8% in April. This compares with the S&P 500, up 1.0%, the DJIA up 0.4%, the NASDAQ up 0.8%, the S&P/TSX up 2.4%, while the BMO Small Cap Index was up 4.9%. For all the grief our Energy names have given us over the past year, […]