Growth stocks are very volatile and tend to lose a lot of value in downturns. This gives them a large speculative component because while large amounts of money can be made by buying and selling at the right time, this is hard to do. Holding on too long will result in poor returns."

- Benjamin Graham

When Studying Stocks, Follow the Money (Morningstar)

Smart use of capital is an important company attribute that value manager Kim Shannon looks for in building her stock portfolios. "We actually think that the topic of capital allocation is right on the money," says Shannon, president and chief investment officer of Toronto-based Sionna Investment Managers Inc.

Canadian Value Focus

Kim Shannon
President & CIO

It (Value investing) is conservative, it is fundamental. And not speculative. And low and behold because you’re not doing what everybody else is doing in Bay Street, in Wall Street, you have a very good chance for success.”

- Charles Brandes

Analyzing Capital Allocation Decisions: Empire’s Acquisition of Canada Safeway

Sionna often speaks about the importance of prudent capital allocation in the art of investing. Accordingly, we strive to partner with management teams that carefully evaluate their investment alternatives and efficiently allocate capital toward high-return opportunities.

The Unsustainability of $50 Oil

Oil prices have fallen significantly over the last few months due to a myriad of concerns. The magnitude of the current price drop has not been seen since the credit crisis of 2008/09.  There are many reasons in the short term for this significant decline in price.

Market Outlook 2015 (Money Sense)

If you’ve bought any stocks this year, you’ve probably noticed that it’s a bit of an odd time to be an investor. For most of 2014, Canada’s market did well—between January and September our main market index, the S&P/TSX Composite, was up by nearly 15%. But it’s been another story since then.

Navigating Market Turbulance

Kim Shannon
President & CIO

Growth vs. Value

Among investors, there has been a perennial debate between those who adhere to Value, and those guided by Growth. As staunch believers in the former, we have opined on the topic several times in the past.

Lauren Wright

Lauren Wright

Lauren joined Sionna as Controller in October 2014. Prior to joining the firm, she spent almost five years at CW Partners LLP in their Assurance and Tax practice, most recently as a Manager. Lauren earned her Honours Bachelor of Business Administration from Wilfrid Laurier University, where she graduated with distinction. She received her chartered professional accountant designation in 2012. Lauren earned a CFA Institute Investment Foundations certificate in 2016 and is Co-Chair of the Portfolio Management Association of Canada Operation Heads’ Finance Focused Network.