Monthly Message

The Wutherich & Co. Composite was up 5.0% in December. This compares with the S&P/TSX being up 1.7%.

Happy New Year! Say what you will about 2020, it was certainly interesting. Commentators will come out with their “Best of the Worst Year”, “Worst of the Worst Year” and so on. We’ll skip all of that. For JF and I, I think we can say that we have had a pretty good year in terms of family and business and feel fortunate that this was the case.

We managed to close out 2020 with a gain of 9.4% for the full year. During February and March we had a strong conviction that, as bleak as things looked, the world was not going to end. We committed as much money as we could to the names in our portfolio with the firm belief that most of them would survive the crisis and some would even benefit from it. While the faith of some of our clients was shaken, they were content to stay with us and some even added to their portfolios (shout-out to……well, you know who you are). We are happy to say that we pulled through 2020 without the marquee names that are driving the major market indexes. I have seen this over and over in my career: when everyone is piling into the same handful of stocks, it is best to look elsewhere for long-term returns. Sure, our portfolio has a few fully priced names in it but there are still some great stories that should help drive returns for years to come.

Just a reminder that JF and I will be hosting a virtual presentation of our “Wutherich & Co.’s Annual Update” on January 27th. Please contact us at jf@wutherich.ca or 514-924-4438 to get your link to the presentation.

To view the complete Monthly Message and Factsheet click here

Invitation Dear clients and friends, Please find attached the invitation to our upcoming “Wutherich & Co.’s Annual Update” virtual event taking place Wednesday January 27, 2021.   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 27 janvier 2021. […]

Monthly Message The Wutherich & Co. Composite was up 18.2% in November. This compares with the S&P/TSX being up 10.6%. November marked the second-best month ever for the Wutherich & Co. Portfolio (we posted a 22.3% gain in April of 2020). While the Portfolio is starting to reflect its underlying value, we think there is more […]

Monthly Message The Wutherich & Co. Composite was up 0.9% in October. This compares with the S&P/TSX being down 3.1%. The portfolio continues its recovery from the downturn that we experienced last Spring. The 0.9% result for October represents a U-turn from earlier in the month. At one point, the portfolio was up nearly 10%. […]

Monthly Message The Wutherich & Co. Composite was up 2.7% in September. This compares with the S&P/TSX being down 2.1%. We continue to scratch and claw our way back to fair value in the Wutherich & Company Portfolio. We have rebounded 88% from our March lows. Sure, the pandemic has had an impact on our companies […]

Monthly Message The Wutherich & Co. Composite was up 11.7% in August. This compares with the S&P/TSX, up 2.3%. For the time being, we are not including a comparison with the small cap index. The provider is looking to charge more for the data than we are willing to pay. If you know anything about […]

Monthly Message The Wutherich & Co. Composite was up 1.6% in July. This compares with the S&P/TSX up 4.5% and the BMO Small Cap Index up 7.8%. Gold stocks have provided a large boost to Canadian indexes. We look at the space from time to time and have even owned a few names in the past. […]

Monthly Message The Wutherich & Co. Composite was up 4.6% in June. This compares with the S&P/TSX up 2.5% and the BMO Small Cap Index up 4.6%. As of June 30th, we are up 61.6% from our low of March 23rd but still down 30.0% from our all-time high on February 19th. Large caps have certainly […]

Monthly Message The Wutherich & Co. Composite was up 4.8% in May. This compares with the S&P/TSX up 3.0% and the BMO Small Cap Index up 6.1%. As of May 31st, we are up 54% from our low of March 23rd but still down 33% from our all-time high on February 19th. Reflex rally? Maybe, but […]

Monthly Message The Wutherich & Co. Composite was up 22.3% in April. This compares with the S&P/TSX up 10.8% and the BMO Small Cap Index up 23.2%. As of April 30th, we are up 47.5% from our low of March 23rd but still down 36.1% from our all-time high on February 19th. We have gone from […]