Act I: Fly me to the moon

* The player: Transat AT (TSX:TRZ.A, TRZ.B)

* Action: Up 12 per cent or $3.51 in a week (from $29 Aug. 29)

* Recent Price: $32.51 (TRZ.A)

* 52-week high/low: $38.06/23.53 (TRZ.A) Fly to pretty much anywhere these days, and the full planes will prove just how much the travel industry has regained popularity.

Transat AT, which operates Air Transat, announced a quadrupling of profits for the quarter (up to $16.8 million from $4.2 million the same quarter a year ago), and a 21-per-cent jump in revenue (up to $741 million from $585 million a year ago).

Transat's stock jumped $2.13 to close at $32.13 the day of the news.

WestJet and Air Canada also reported positive stats: A record 88 per cent of WestJet seats were full in August and Air Canada posted 83.8 per cent, its second-highest load factor ever.

WestJet stock (TSX:WJA), at $16.83, is up 14 per cent year to date (from $14.76 Jan. 2, 2007), and jumped $0.75 to close at $16.65 the day of the news. Air Canada (TSX: AC.A), at $11.22, is down 37 per cent year to date (from $17.80 Jan. 2, 2007), but up seven per cent in the past month (from $10.50 Aug. 16).

Act II: Off track

* The player: Canadian Pacific Railway Ltd. (TSX:CP)

* Action: Down 25 per cent or $22.4 in less than two months (from its high July 18)

* Recent Price: $68.60

* 52-week high/low: $91/52.10 Buy a second railroad, then pass GO and collect $200.

Canadian Pacific Railway (CPR) recently announced plans to buy U.S.-based Dakota, Minnesota & Eastern Railroad Corp. (DM&E) for US$1.48 billion.

The deal, which is expected to close in 30 to 60 days, would add more than 4,000 kilometres of track to CPR's network, extending its access to the U.S. agricultural products and fuel markets.

CPR has offered to pay more if DM&E starts an expansion project and moves a specified amount of coal via the expansion by the end of 2025.

But as any good Monopoly player knows, the railroads really only reach full value when you have all four, so shareholders weren't so impressed with the addition. CPR shares dropped from $73.47 Sept. 4 to close at $70.93 the day of the news release, and continued their fall to $68.60 Sept. 10.

Act III: Stretched thin by yoga

* The player: Lululemon Athletica Inc. (TSX:LLL)

* Action: Up 30 per cent or $9.05 since going public July 27

* Recent Price: $38.77

* 52-week high/low: $40.64/26.40 Sure it's a problem, but it's a good problem.

Lululemon Athletica, the Vancouver-based yoga apparel retailer that went public in July, has gotten so popular that it can't keep up with demand.

Second-quarter same-store sales (for outlets open a year or more) jumped 30 per cent, and many of the company's 59 stores are running out of products.

To solve the issue, Lululemon has prepared to quickly fly more merchandise from Asia to meet sales demand for the rest of the year and by next year will have technology in place to track how much the company is losing by not carrying enough stock.

In spite of the snags, the company is continuing with its plans to open 25 new stores in North America this year, and another 30 to 35 next year.

Shares have climbed 30 per cent since closing at $9.05 on July 27, the stock's first day of trading on the TSX.

Act IV: In fine shape

* The player: Forzani Group Ltd. (TSX:FGL)

* Action: Up eight per cent or $1.66 in less than a month (from $20.60 Aug. 17)

* Recent Price: $22.26

* 52-week high/low: $26.50/15.07 Shareholders must be loving the active folk.

Forzani Group, the Calgary-based sports retailer that operates Sport Chek, Sports Experts and Coast Mountain Sports, among others, recently announced profits that nearly tripled in the quarter and plans to start paying a dividend.

Forzani, which has 260 corporate stores and 228 franchise locations across the country, announced second-quarter net income of $5.4 million (compared to $1.9 million in the same quarter last year), and revenue of $292.4 million (up three per cent from last year).

The planned 7.5-cent dividend will begin in the company's fourth quarter.

Shares are slowly making their way back up after falling off highs in June around $25.

NOTE: The above is not intended as investment advice to buy or sell any mentioned securities. Investors should do due diligence before investing. Quotes are based on results through Sept. 10, 2007.

(Nicole Strandlund can be reached at nicole@businessedge.ca)