Soundbites briefly explore what’s on Sionna managers’ minds.

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Home Sweet Home

June 2015

With the Canadian capital market under siege again, we decided to brush off our 2006 essay, “Who is Afraid of the Canadian Stock Market”, and update it to address the current publicity. We find it interesting that Canadian investors are willing to consider severe criticism – that our market is sub-par and exposure to it should be minimized for our best interests – with very little backlash.

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

January 2015

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.

Growth vs. Value

November 2014

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.

The Headlines (as usual) Are Too Dramatic

October 2014

Despite the weakest post war economic recovery, heavy global debt burdens (debt to GDP at 125%) and brewing geo political issues, equity markets have been rather buoyant, especially in North America.

Canadian Oil - Unwanted and Stranded

June 2014

There is a lot of talk these days about the fate of Canadian oil. Specifically, there is much discussion surrounding two questions - does the U.S. still need Canadian oil and even if Americans need Canadian oil, is it stranded?

Uncovering Value in an Underperforming Asset - The Sionna Process in Action

June 2014

At Sionna Investment Manager’s 2014 Market Review, Portfolio Manager, Dave Britton, CFA, discussed our detailed investment process by illustrating how one company went from a potential idea to a portfolio addition.

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