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

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To: Marc Fortier who wrote (43)9/25/1997 10:39:00 AM
From: John Stopforth   of 88
 
Marc

It looks like a good news, bad news sort of report. Initially
it doesn't look very impressive with all the revenue increases they
were only able to increase profits by one cent a share. On the other
hand revenues were up and they have increased their cash position.
I'm keeping my shares but will not be adding to my position. They
have to translate some of their top line to their bottom line.

John
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