For October, the Wutherich & Co. Composite\u00a0was up 1.6%.<\/p>\n
The Wutherich & Company Composite eked out another gain in what appears to be an increasingly difficult market. Our names, in general, appear to be faring very well despite whatever concerns there are on the macro front.<\/p>\n
We have made significant changes to the portfolio over the last few months. In particular, we have added two names to the portfolio, both in the consumer space. One a consumer staple, the other, a consumer discretionary company. AGT Food and Ingredients Inc. (AGTF-T), based in Regina, Saskatchewan, is a global supplier of agricultural products and ingredients. Groupe Dynamite (GRGD-T), is a Montreal based clothing retailer with stores in Canada, the US and the UK. Both have tremendous track records of growth and have the prospect of further gains for many years to come.<\/p>\n
We have other ideas in the hopper that we may add to the portfolio in coming months as several of our current holdings mature or provide diminished future returns. Overall, we like the strength of our existing positions and are excited by the prospects of our new holdings.<\/p>\n