Monthly Message

The Wutherich & Co. Composite was up 1.7% in October. This compares with the S&P/TSX up 0.6%, the BMO Small Cap Index down 2.0%, S&P 500 (US$) down 1.8%, the DJIA (US$) down 0.8%, while the NASDAQ (US$) was down 2.3%.

October proved to be a spooky month for the markets though the Wutherich & Co. Composite managed to creep ahead by 1.7%. Our position in Directcash Payments Inc. helped here. As I write this letter, there is only one more week till the US presidential election. We look forward to the event for only one reason: We are curious what the market and the media will obsess about next. As to whom becomes President, we think it will have little to no effect on our holdings. Though there are plenty of bumps along the way, we focus on good long-term growth names which have a way of working out over time.

I would like to remind all of our clients and friends that we are doing our annual event at Gabriella’s on November 10. Please confirm your attendance by emailing jf@wutherich.ca.

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