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Transat AT Inc T.TRZ

Alternate Symbol(s):  TRZBF

Transat A.T. Inc. is a Canada-based provider of leisure travel particularly as an airline under the Air Transat brand. The Company's core business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a travel agency network and value-added services at travel destinations. The Company, through its business units, is focused on four business segments: air transportation, outgoing tour operators, destination services and retail distribution. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada. Its destination services offer a range of products for customers of outgoing tour operators: hospitality and representation, excursions, tours, sports and other activities, specialty services and others. Its retail distribution consists of providing advice to travelers and selling consumer products.


TSX:TRZ - Post by User

Bullboard Posts
Comment by Bookendson Apr 21, 2020 8:52am
177 Views
Post# 30933215

RE:RE:RE:RE:RE:RE:Just in, good news for enployees

RE:RE:RE:RE:RE:RE:Just in, good news for enployeesLike Temporary mentionned... Yes, Mr. R wants the best possible deal... He would have loved it at 13$/share. But he had to get Letko on board, and obviously, that proved very difficult without concessions. I don't think any of us had envisionned that Letko would force 18$/share. I was thinking that 15$ or even 14$ was more likely. But they did illustrate just how much AC wanted TRZ.

The power might have shifted to AC now, but the same shareholders might still manage to get more out of AC than you think. If it's about cash preservation, I don't think a share deal would be impossible. The current market cap of AC is 4.7B+ and this is factoring the fall from 50$/share to 18$. I don't think it would be unreasonable for AC to dilute shareholders 500M to 700M and consolidate TRZ with the benefits over an extreme long term horizon in mind. Especially if TRZ itself receives a few hundred million in cash from the Government.

But I might be a biased optimist here.

In any case, I don't see what the Governement is doing in trying to save everyone and endebt the younger generations. National debt was at 760B in March and Trudeau will probably add 200B! That's a 26%+ increase. And for what? To save awful bank loans to irresponsible households that can't save for a rainy day and pay absolutely riduculous rations for housing they just can't afford? To save a bunch of over-leveraged businesses that have been acting reckless because of low interest rates and were completely unprepared for this type of crisis. I say let them all fail and let capitalism do it's thing and I say that has a TRZ shareholder. I'm personally just sad to see how Socialist we've become and how cowardly we've become forcing our kids to bail out our irresponsible ways because we're too scared to face the short term pain for long term benefits. 

Allright, I'm done with my rant.


Bullboard Posts