Visions of Value (Investment Executive)

Stephen Jenkins discusses the recent shift towards value and highlights an attractive opportunity in the North American space.

Canada Has Lower Price Multiples Than Anywhere Else (BNN Bloomberg)

Kim Shannon, CFA, MBA
President and Co-Chief Investment Officer

Low Bond Yields Are Not Deterministic of P/E Multiples (Audio)

Listen as Kim Shannon, explains the relationship between bond yields and P/E multiples.

Low But Rising Inflation is Good for Equities (Audio)

Listen as Kim Shannon explains what a low but rising inflation rate could mean for equities.

Focusing on the Long Game Under Stress

I looked up from my desk and found the market down more than 10%. The next day, it was up 10%. The day after, down 10% again. That violent yo-yo-ing was the reality this past spring. At one point, the S&P/TSX Composite Index lost a quarter of its value in about a week.

Reflecting on 2020, the most memorable (or rather, forgettable?) part of the year was the market freefall during the spring. Amid the chaos, our team triple-checked every holding’s balance sheet and the discounts on offer and acted decisively. During such a stressful period, how were we comfortable that we were making good decisions?

Stuart Tabor

Stuart joined Sionna in 2020 as an Equity Research Analyst. Prior to joining Sionna, Stuart interned at both Burgundy Asset Management and RBC Global Asset Management. He earned his Bachelor of Business Administration, Advanced Finance Major and Minor in History from St. Francis Xavier University in Nova Scotia. While at StFX, Stuart was the President of the Schwartz Investment Society. Stuart has successfully completed the Canadian Securities Course (CSC) and the CFA Ethical Decision-Making Course.

Market Update: The Path Back to Normalcy (Audio)

Listen as Stephen Jenkins outlines what the recent U.S. election results and the announcement of a potential COVID-19 vaccine could mean for value stocks.

Sionna’s Value Pick

Kim recently presented one of Sionna's value stock picks at the Capitalize for Kids Investors Conference, an event that raises money for kids' mental health. Read her script from the presentation as she slowly reveals the stock, which happens to be in the currently "unloved" energy sector.

The Mind and Mispricing

One of the few certainties in investing is the ubiquitous presence of uncertainty. As an investment manager, it is our business to deal with uncertainties as well as the attendant opportunities and risks that uncertain situations present. At Sionna, we spend a lot of time thinking about the behavioural dynamics that can drive mispricing in the market and how uncertainty plays a role.