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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)

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To: Marc Fortier who wrote (32)9/14/1997 10:00:00 PM
From: Glen McGlaughlin   of 88
 
Marc,
If you have not read the best seller BOOM,BUST @ ECHO by David K. Foote, you must do so. In my view it presents the most compelling facts on the impact of the 9.3 million Canadian boomers on the economy and where you should be directing your investment capital over the next decade. Health care,travel,recreation,vacation properties etc will all be beneficaries of boomer bucks including the stock market in general. I felt that Transat with its acquisition of Canadian Holidays was one of the "boomer" sensitive stocks and should see considerable upside over the next few years as a longer term hold. As I stated in my earlier post we should see strong upside over the next fiscal year due to some reduction of operating costs (fuel) and stronger revenue growth due to a sronger economy.
Quite frankly despite a very high DOW, this is no time to hit the sidelines- there are quality issues out there at reasonable p/e's and Transat is one of them.

Glen McGlaughlin
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