Transat AT Inc.

TRZ-T

TSE:TRZ

4.90
0.05 (1.03%)
Transat A.T. Inc. is an international, vertically integrated tour operator with nearly 20 business units in 8 countries. The company is headquartered in Montreal, Quebec, Canada.
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Analysis and Opinions about TRZ-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 29, 2012

Partly an airline and partly a travel company. Not a fan of airlines, which has proven to be the world’s worst business to ever invest in. The travel part of their business is extremely competitive.

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Transat AT Inc. (TRZ-T)
August 29, 2012

Partly an airline and partly a travel company. Not a fan of airlines, which has proven to be the world’s worst business to ever invest in. The travel part of their business is extremely competitive.

DON'T BUY
DON'T BUY
October 4, 2011

Has come down quite a bit, but still not a buy for him. He watches this type of thing for a minimum of 6 months but often for a number of years. There is a possibility of more competition in the marketplace.

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Transat AT Inc. (TRZ-T)
October 4, 2011

Has come down quite a bit, but still not a buy for him. He watches this type of thing for a minimum of 6 months but often for a number of years. There is a possibility of more competition in the marketplace.

COMMENT
COMMENT
August 30, 2011

Looks cheap from a valuation perspective. Disappointed on the last couple of quarters. Prefers Westjet (WJA-T). Lower energy prices and the stronger Cdn$ helps Westjet.

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Transat AT Inc. (TRZ-T)
August 30, 2011

Looks cheap from a valuation perspective. Disappointed on the last couple of quarters. Prefers Westjet (WJA-T). Lower energy prices and the stronger Cdn$ helps Westjet.

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.
BUY
BUY
May 2, 2011

Has been a disappointment in the past year. Have had an earnings warning and there is a lot more competition in the sector. Also rumours of Air Canada coming with discount fare airlines. However they have substantial cash generation. Trading around $12 and have $6-$7 in net cash. Likes it.

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Has been a disappointment in the past year. Have had an earnings warning and there is a lot more competition in the sector. Also rumours of Air Canada coming with discount fare airlines. However they have substantial cash generation. Trading around $12 and have $6-$7 in net cash. Likes it.

PAST TOP PICK
PAST TOP PICK
March 29, 2011

(Top Pick Apr 12/10, Flat 0%) The last quarter was sloppy. Margins came under pressure, competition and fuel costs. Still likes it and has owned it for a number of years.

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Transat AT Inc. (TRZ-T)
March 29, 2011

(Top Pick Apr 12/10, Flat 0%) The last quarter was sloppy. Margins came under pressure, competition and fuel costs. Still likes it and has owned it for a number of years.

TOP PICK
TOP PICK
April 12, 2010

Have close to $8 in cash on the balance sheet. Sector has consolidation going on. Margins are starting to improve. Low risk. Exceptionally cheap on a cash flow basis.

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Transat AT Inc. (TRZ-T)
April 12, 2010

Have close to $8 in cash on the balance sheet. Sector has consolidation going on. Margins are starting to improve. Low risk. Exceptionally cheap on a cash flow basis.

TOP PICK
TOP PICK
June 18, 2007

Looking for companies that will benefit from a stronger Cdn$ dollar and travel companies are in that category. He is also expecting oil prices to pull back. Close to $10 a share on the balance sheet.

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Looking for companies that will benefit from a stronger Cdn$ dollar and travel companies are in that category. He is also expecting oil prices to pull back. Close to $10 a share on the balance sheet.

PAST TOP PICK
PAST TOP PICK
May 22, 2007

then $24.70. Up 51%. Ben Benefits from the higher Canadian dollar. Short term it's fully priced, in a few years it will benefit from the Canadian dollar.

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then $24.70. Up 51%. Ben Benefits from the higher Canadian dollar. Short term it's fully priced, in a few years it will benefit from the Canadian dollar.

HOLD
HOLD
February 2, 2007

Tour business, mainly to the Caribbean, Mexico and Europe. A great company and well run. Trying to acquire travel agents to boost their presence in Ontario. Not a bad entry point, but he would prefer to see it pull back a bit.

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Transat AT Inc. (TRZ-T)
February 2, 2007

Tour business, mainly to the Caribbean, Mexico and Europe. A great company and well run. Trying to acquire travel agents to boost their presence in Ontario. Not a bad entry point, but he would prefer to see it pull back a bit.

PAST TOP PICK
PAST TOP PICK
October 26, 2006

(A Top Pick June 5/06. Up 4.3%.) This company will do really well. Some analysts are predicting $3 of earnings next year. Have about $12 of cash per share. Very cheap.

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Transat AT Inc. (TRZ-T)
October 26, 2006

(A Top Pick June 5/06. Up 4.3%.) This company will do really well. Some analysts are predicting $3 of earnings next year. Have about $12 of cash per share. Very cheap.

PAST TOP PICK
PAST TOP PICK
August 8, 2006

(A Top Pick June 5/06. Up 8%.) Came out with very good earnings. Acquired a competitor for Canada/UK business, which should help the earnings going forward. Should make $3/4 in earnings next year. Have about $12 of cash on the balance sheet. Extremely cheap.

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Transat AT Inc. (TRZ-T)
August 8, 2006

(A Top Pick June 5/06. Up 8%.) Came out with very good earnings. Acquired a competitor for Canada/UK business, which should help the earnings going forward. Should make $3/4 in earnings next year. Have about $12 of cash on the balance sheet. Extremely cheap.

TOP PICK
TOP PICK
June 5, 2006

Margins have started to increase. Bought back 15% of their shares. Have a lot of cash on the balance sheet.

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Margins have started to increase. Bought back 15% of their shares. Have a lot of cash on the balance sheet.

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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Transat AT Inc. (TRZ-T)
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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