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

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

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To: Marc Fortier who wrote (47)	9/25/1997 12:29:00 PM
From: Greg Spendjian	of 88

Hi John and Marc, My guess is that the drop is strictly because while revenues for the nine months grew from 536 million to 972 million, net income was virtually unchanged at about 11 million. Personally, I like the revenue figures. It would be nice to know what their long-term debt is so that we could see how much of the 150 million of cash is fully theirs. At $5 a share that is quite a bit. We should be grateful that the market did not react to TRZ the way it reacted to what also seem to be pretty good figures from Cognos, another Canadian high flyer (in a different sense). Greg

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