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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)
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To: Marc Fortier who wrote (52)9/26/1997 11:13:00 AM
From: Greg Spendjian   of 88
 
Well, I could live with the projections of both Kavafian (90c and $1.45 for 1997 & 1998) and Schwarz (80c and $1.15). Even at the low end we are talking of a P/E for 1998 of less than 10 at current prices, with earnings growth of 30%.

This selloff is overdone and I too believe this stock is gong higher.

Greg
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