Transat .A.T. Inc (A)

TRZ.A-T

Analysis and Opinions about TRZ.A-T

Signal
Opinion
Expert
SELL
SELL
April 19, 2016

She generally doesn’t buy the airline space, because it is so cyclical. This one is difficult, because it is not an national carrier, but an international carrier. It is caught with the other airlines increasing capacity and also moving into international routes. She would probably take the money out as the sector is so cyclical.

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She generally doesn’t buy the airline space, because it is so cyclical. This one is difficult, because it is not an national carrier, but an international carrier. It is caught with the other airlines increasing capacity and also moving into international routes. She would probably take the money out as the sector is so cyclical.

WATCH
WATCH
April 18, 2016

It has been in the group of non-performers. So far it is tempting, but there is quite a bit of overhead resistance. If it breaks this, then you have some upside potential. Don’t get excited until you get a break out.

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It has been in the group of non-performers. So far it is tempting, but there is quite a bit of overhead resistance. If it breaks this, then you have some upside potential. Don’t get excited until you get a break out.

PAST TOP PICK
PAST TOP PICK
January 4, 2016

(Top Pick Dec 19/14, Down 12.66%) The fall in the Canadian dollar impacted them as travel to the islands dropped. In the fourth quarter they had their best quarter in years. Because of net cash in the company you are paying almost nothing for the operations.

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(Top Pick Dec 19/14, Down 12.66%) The fall in the Canadian dollar impacted them as travel to the islands dropped. In the fourth quarter they had their best quarter in years. Because of net cash in the company you are paying almost nothing for the operations.

PAST TOP PICK
PAST TOP PICK
December 7, 2015

(Top Pick Dec 19/14, Down 30.35%) The story is still in place, but the Canadian dollar did not work and hurt them. The industry has added capacity.

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(Top Pick Dec 19/14, Down 30.35%) The story is still in place, but the Canadian dollar did not work and hurt them. The industry has added capacity.

DON'T BUY
DON'T BUY
May 11, 2011
Clearly any headwind in the airline business is the cost of fuel. He owns Westjet (WJA-T) because of their better execution and their better earnings outlook.
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Clearly any headwind in the airline business is the cost of fuel. He owns Westjet (WJA-T) because of their better execution and their better earnings outlook.
SELL
SELL
May 25, 2006
The travel business side of an airline is okay, but he just doesn't like the high capital expenditure that has to be created to maintain and upgrade fleets.
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The travel business side of an airline is okay, but he just doesn't like the high capital expenditure that has to be created to maintain and upgrade fleets.
TOP PICK
TOP PICK
December 12, 2005
Expect oil prices will start to come down which should benefit the travel companies. Also the stronger Cdn$ should benefit them. The stock has been hurt by the hurricane related issues. Valuations are low. Company has been buying back stock. Looking for them to do an accretive acquisition soon.
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Expect oil prices will start to come down which should benefit the travel companies. Also the stronger Cdn$ should benefit them. The stock has been hurt by the hurricane related issues. Valuations are low. Company has been buying back stock. Looking for them to do an accretive acquisition soon.
DON'T BUY
DON'T BUY
September 9, 2005
Can't see this as going to a trust. Far too cyclical and far too many factors which can influence the bottom line severely.
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Can't see this as going to a trust. Far too cyclical and far too many factors which can influence the bottom line severely.
TOP PICK
TOP PICK
May 5, 2005
Generating great cash. Restructured the business after 9/11. Have $9 a share in cash on the balance sheet. Good valuation.
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Generating great cash. Restructured the business after 9/11. Have $9 a share in cash on the balance sheet. Good valuation.
BUY
BUY
February 24, 2005
One of his favourites. A long term hold. Good management.
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One of his favourites. A long term hold. Good management.
WEAK BUY
WEAK BUY
February 3, 2005
Stock has moved substantially. Great management team. Strong Cdn$ is helping them. Have had a huge margin expansion in the last couple of years, but this is now probably over. Have almost $10 a share in cash, so growth will come through their deployment of this, i.e. buy back shares, acquisitions, dividends, etc.
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Stock has moved substantially. Great management team. Strong Cdn$ is helping them. Have had a huge margin expansion in the last couple of years, but this is now probably over. Have almost $10 a share in cash, so growth will come through their deployment of this, i.e. buy back shares, acquisitions, dividends, etc.
BUY
BUY
January 31, 2005
They are doing exceptionally well. Efficient operators. Generating a lot of cash and has a huge amount of cash on the balance sheet
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They are doing exceptionally well. Efficient operators. Generating a lot of cash and has a huge amount of cash on the balance sheet
TOP PICK
TOP PICK
November 16, 2004
Positioning portfolios so they will benefit from a rising Cnd$. 30% of costs are US. As the Cdn$ rises, bookings for southern vacations should rise. No debt. Have $9 per share in cash. Very cheap.
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Positioning portfolios so they will benefit from a rising Cnd$. 30% of costs are US. As the Cdn$ rises, bookings for southern vacations should rise. No debt. Have $9 per share in cash. Very cheap.
TOP PICK
TOP PICK
October 25, 2004
In spite of its run, it's still extremely cheap. Earnings are ramping up and reducing their costs. Trading at 10 X earnings. $8 of net cash in the company which could be used for a special dividend or buy back stock.
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In spite of its run, it's still extremely cheap. Earnings are ramping up and reducing their costs. Trading at 10 X earnings. $8 of net cash in the company which could be used for a special dividend or buy back stock.
TOP PICK
TOP PICK
September 29, 2004
A turn around story. Good management. A lot of cost cutting is still going on. Most costs are US$'s, but sales are in Cdn$'s, so a strong Cnd$ is good for them. Expects a share buy back.
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A turn around story. Good management. A lot of cost cutting is still going on. Most costs are US$'s, but sales are in Cdn$'s, so a strong Cnd$ is good for them. Expects a share buy back.
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