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Gold/Mining/Energy : Transat A.T. (TRZ/TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Spendjian who wrote (62)	11/30/1997 9:10:00 PM
From: Marc Fortier	Respond to of 88

Hi Greg, Always glad to hear from you. How are you doing in B.C.? Here in Quebec, we already have a good foot of snow. Not bad for the end of November. Talking about TRZ, I just can guess that the business was as good as it was for Air Canada and Canadian, which the market has already factored in the stock price. There is still much rumors about an impending acquisition; but it's almost a year now that we expect this one. Right now, conditions seem very good for TRZ. I have just checked out with the CAA for an airplane ticket to Myrtle Beach in March and they told me that early booking for the South is well in advance. That's what I have heard also from our travel writer here at Le Journal de Qu‚bec. Two weeks ago, 40% of all seats were sold for the whole winter season; that is very promising... I'll try to get back to you if I happen to learn anything else. Best regards, Marc

To: Greg Spendjian who wrote (62)	12/12/1997 10:30:00 PM
From: Marc Fortier	Read Replies (1) \| Respond to of 88

Greg, I don't know if you will share my feeling, but I think that TRZ has shown some insiders activity this week. As the markets were going south, it went north on good volume. Since there are still a few weeks before the next quarterly report, it may be a sign that the long awaited acquisition will soon be announced. I hope so anyway, even though I am confident that, in the long term, Transat is a good investment. Marc