Monthly Message
For February, the Wutherich & Co. Composite was up 4.6%.
The Wutherich & Company Portfolio continued to perform well in February despite having little exposure to the market-leading Materials Sector.
Many of our companies are now reporting their most recent quarters, giving us additional clues as to how they are doing. There are important questions hanging over several of our names (GSY-T and PRL-T are examples) which should see answers in the coming quarters.
Geopolitics is heating up, creating greater discomfort and uncertainty for market participants. As always, and especially at times like these, we focus on the fundamentals of the companies we own. We think that most of our positions, while not immune, are resistant to near-term events. This is an approach that has worked for us for decades and we believe it will work for us now. Our companies are positioned to be able to grow for years to come, even though they might experience short-term setbacks. We think that this is the foundation for solid, long-term appreciation for the Wutherich & Company portfolio.
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