Monthly Message

The Wutherich & Co. Composite was down 40% in March. This compares with the S&P/TSX down 17.4% and the BMO Small Cap Index down 28.5%.

We understand how striking the -40% number is to all of us. JF and I have the majority of our net-worth in this portfolio and feel the pain right along with you. Yet, when we take a hard look at all our names, which we have been doing intently for the last few weeks, we remain convinced that most of them will make it through this crisis. “Invest like a lender” was a headline that we recently viewed. It points out how important the balance sheet is at times like this. Where we think the balance sheet will not see the company through to the other side of this crisis, we are trimming or eliminating the position. We are also doing this for positions where we have no line-of-sight as to how they can resume revenue and earnings growth.

If our numbers are anywhere near right, we think our portfolio is the cheapest it’s been since the 2008-2009 financial crisis. You might recall, this set us up for a strong run from 2009 to 2014.

JF and I intend to see this through. We hope that you can also.

To view the complete Monthly Message and Factsheet click here

Bulletin Dear Clients and Friends, Our regulators require us to have a Business Continuity Plan in place. It is allowed to be shaped according to the size and type of our business. They now want to see this plan implemented.  As many of you know, J-F and I are the only two employees of Wutherich […]

Monthly Message The Wutherich & Co. Composite was down 8.0% in February. This compares with the S&P/TSX down 5.9% and the BMO Small Cap Index down 8.9%. The coronavirus continues to rock markets and our portfolio. Though this is a tremendous human tragedy for those directly affected by the virus, we don’t believe that this is […]

Monthly Message The Wutherich & Co. Composite was up 1.2% in January. This compares with the S&P/TSX up 1.7% and the BMO Small Cap Index down 2.1%. It has been rocky start to the year with the coronavirus being the latest reason to trade stocks. We have lived and invested through SARS, H1N1, Ebola, MERS and […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Monthly Message The Wutherich & Co. Composite was up 4.1% in December. This compares with the S&P/TSX up 0.5% and the BMO Small Cap Index up 5.4%. Happy New Year one and all! Is it too much to ask for 2020 being as good as 2019? The Wutherich & Co. Composite posted a 31.1% return in […]

Bulletin J-F and I would like to wish our clients and friends a Merry Christmas and Happy Holidays!!! May this time of year be full of warmth and joy for you and your families.   We would also like to take this opportunity to remind you of our January 23rd Annual Update and Cocktail. We […]

Invitation Dear clients and friends, Please find attached an invitation to our upcoming “Wutherich & Co.’s Annual Update” event. Chers clients et amis, Vous trouverez ci-joint une invitation à notre prochain évènement “Mise à Jour Annuelle Wutherich & Co.”.  –  INVITATION PDF  –

Bulletin On behalf of the kids, a big Thank You!!! As many of you know, J-F and I participated in a big fund-raising ski race last weekend for kids’ cancer called the “24H Tremblant”.  Our team of 6 skied in a relay for 24 hours straight and finished in the top 20% of 267 teams! […]

Monthly Message The Wutherich & Co. Composite was up 7.9% in November. This compares with the S&P/TSX up 3.6% and the BMO Small Cap Index up 2.9%. The Wutherich & Co. Composite continues to recover from its May to August swoon and is now up 26% year-to-date, just 2 percentage points below its all-time high. Cash […]