TRZ CN

Transat A.T. Inc

Industrial/Transportation


Presented:03/23/2020
Price:CA$6.66
Cap:$0.20B
Current Price:CA$1.73
Cap:$0.05B

Presented

Date03/23/2020
PriceCA$6.66
Market Cap$0.20B
Ent Value$0.49B
P/E RatioN/A
Book ValueCA$13.93
Div Yield0%
Shares O/S37.75M
Ave Daily Vol101,145
Short IntN/A

Current

PriceCA$1.73
Market Cap$0.05B
Transat A.T., Inc. develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats. The company operates through Holiday Travel segment, which develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats. It operates under the Transat and Air Transat brands. The company was founded by Jean-Marc Eustache, Lina De Cesare and Philippe Sureau on February 13, 1987 and is headquartered in Montreal, Canada.

Publicly traded companies mentioned herein: Air Canada (AC CN), Transat A.T. (TRZ CN)

Highlights 

The presenter is long shares of Transat A.T. (TRZ CN), which is in the process of being acquired by Air Canada (AC CN) in an all cash deal for C$18.00 per share. The deal currently has shareholder approval and is awaiting a decision from Marc Garneau, the Canadian Minister of Transport. The presenter sees a compelling situation with a near-term catalyst, which should play out over the next month or so. He has modeled a few scenarios, but in his base case is for a repricing between now and May that should net investors in a range between C$13/share and C$18/share.

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Idea Discussion

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