Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: steve kammerer who wrote (12292)	1/23/1999 10:14:00 AM
From: Telemarker	of 22640

Come on, Steve. Take out a calculator and look at what you're saying. A baby bra with R117.00 of profits with the Real at 1.17 would have $100.00 of profits. With the Real at 1.72, these R117.00 of profits translate into $68.02, a 32% decrease in U.S. Dollar terms. Obviously, currency rates are a large part of this game, but it is indeed more complicated than that. I view exchange rates as symptomatic of underlying economic fundamentals (although sometimes, in the short term, they can be the driver as will probably be the case here). The marketplace is now looking at what will happen to the Real in the future, and how it will affect the Brazilian economy on a going-forward basis. Regards.

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