Transat A.T. (TRZ/TSE) Message Board

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

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To: John Stopforth who wrote (44)	9/25/1997 12:00:00 PM
From: Marc Fortier	of 88

John, An other point: dilution is the key factor here I think. If you do a quick calculation, earnings would be 59 cents divided by the 21 668 973 shares of a year ago - a 51% increase. Of course the first quarterlies have been less interesting... Anyway, if they don't make the transaction everybody is waiting for, they have plenty of cash to buy back over 12 millions shares and restore the whole picture. I certainly hold for the time being, and if the stock goes down in the near future, I will be much tempted to add to my position Marc

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