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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)
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To: Greg Spendjian who wrote (27)9/13/1997 1:07:00 AM
From: Glen McGlaughlin   of 88
 
Greg, I'm new to this thread but not new in terms of investment and a bullish outlook for Transat over the next 12 mths. We should see the next qtr results very shortly and they will surprise many on the upside(in my opinion!)The airline sector is looking much healthier due to reduced pressure on fare structures and a 10% lower average fuel cost this year. Transat will benefit significantly fron both of these developments as well as strong tourist bookings during the period. In short the comments posted by several are in my judgement overly conservative.Wood Gundy have a $13 target, however I see $15 by early 98 as very probable in light of strong economic growth in both North America and Europe which will be key drivers for the airline industry and Transat in particular.

BOTTOM LINE: INCREASING YOUR POSITION IN TRANSAT AT $11+ IS STILL A SOUND STRATEGY FOR A 35% RETURN OVER THE NEXT 6-12 MTHS.

Glen McGlaughlin
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