Monthly Message
January, the Wutherich & Co. Composite was up 5.6%.
The Wutherich & Company Portfolio performed well in January across most of its names despite having little exposure to the Materials sector. One stand-out, Haivision Systems Inc. (HAI-T), provided an extra boost. This is a Montreal-based provider of high quality, reliable, real-time and secure video networking and visual collaboration solutions. Customers are in the corporate, broadcast, entertainment, government and military sectors. The company has been struggling for about two years as it has reconfigured its product and service offerings. They believe they have gotten over this hump and are now capable of growing at “double digit rates” and much higher levels of profitability for years to come.
There are several names like HAI in the portfolio that are going through a fallow period yet are poised to break-out in the coming years. This, combined with stable growth in other positions, should provide solid appreciation of the Wutherich & Company portfolio over the long-term.
Finally: YES, ITS RRSP SEASON! I am sure that you are being reminded by many of your advisors of this. We’ll add our voice to the choir. Please look at topping up your RRSPs with any contribution room that you may have. Contact Jean-Francis Archambault at jf@wutherich.ca for help with the process.
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