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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)
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To: John Stopforth who wrote (21)9/9/1997 1:20:00 PM
From: Marc Fortier   of 88
 
John,

I forgot to tell you: the withdrawal of Greyhound from air transportation is the reason why all canadian airlines stocks move higher right now. As for TRZ, its climb had already started a few days before Greyhound's announcement. If you recall, there has been one million shares traded about two weeks ago; those were sold by the Solidarity Fund, the FTQ union fund. They sell their shares in companies they have invested in when they think that it doesn't need their help anymore to pursue its growth. It is a good news and what is better, they still own a big chunk of the shares, so they are still positive about the future of the stock.

Regards,

Marc
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