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Gold/Mining/Energy : Transat A.T. (TRZ/TSE)
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To: Greg Spendjian who wrote (84)1/29/1998 9:38:00 AM
From: Marc Fortier   of 88
 
Hi Greg,

I have said 'Bon voyage!' at 11,70$. Thought you would quit too after what you said in your last message. Obviously, the market did not like the deal at all. My supposition is that the outlook about Look's profitability seemed too unsecure... You have to take into consideration, also, that TRZ may be affected in the current quarterly by the ice storm effects on its business.

I cashed in because I feared that the stock would drop under 10$, like last year after the departure of one the top executives, Mr. Legault. I thought it was better to raise some cash, given the volatility of the overall market and TRZ prospects for the near future.

I still believe that TRZ is a good company to invest in, and thus will keep it on my radar screen. If the stock goes under 10$, there is a strong possibility I buy back a few hundred shares.

Amicalement,

Marc
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