The Wutherich & Co. Composite\u00a0was up 3.5% in January. This compares with the S&P\/TSX being down 0.3%.<\/p>\n
What a start to the new year! It seems like we have already had a year\u2019s worth of volatility and news stories in just the first month. We should point out that the number for January was depressed by about 2% due to one of our large positions being halted at month end. Since it did not trade, the stock is being valued at the \u201cBid\u201d and not the \u201cLast\u201d price that it traded at. Performance for the month would have been about 5.5% if we were to use the \u201cLast\u201d price of $3.87 for the shares rather than the \u201cBid\u201d price of $3.15. The stock is Sangoma Technologies (STC-T). The company is doing a very large cross-boarder transaction that will effectively transform the company into a significant, global player in the \u201cCommunications as a Service\u201d market. It will take several days before all of the regulatory hurdles are cleared and the stock can trade again. Until this happens, the stock will be valued at its \u201cBid\u201d price.<\/p>\n
JF and I would like to thank all who joined us at our virtual \u201cWutherich & Co.\u2019s Annual Update\u201d<\/strong> on January 27th. You made it a huge success with over 40 attendees including 8 company managements. RRSP season or not, carefully review your investments and consider including us in any contributions that you might make. Contact us at info@wutherich.ca<\/a> or 514-924-4438 and let\u2019s discuss what we can do for you<\/p>\n