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

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To: PeterB who wrote (42)9/25/1997 10:26:00 AM
From: Marc Fortier   of 88
 
Do you understand something in this market? I have just talked to my broker who follows closely the stock, and he can't see why it's going down... People's expectations must be real high, almost unrealistic. All the fundamentals are on the positive side, much improved from last quarterlies: cash, as you said, is extremely strong (almost $5 a share!); cash flow is very good; Look Voyages is contributing. And like you, my first reaction when I saw that they had contracted a line of credit was that a transaction might be closer than we think... What can you ask more?

Marc
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