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: DMaA who wrote (369)	11/12/1997 8:05:00 AM
From: Ira Vine	of 22640

I thought that the government owned a majority mistake in TBR, not the whole thing. However, if they do own the whole thing, then what you are buying is a preferred share, which is essentially just another class of share. Don't worry about the ADR format, it's just a technical way of having the shares trade in another country; you have the same rights that you have in Brazil. The fact that they are going to break it up and sell theparts is no different than what has happened with companies like ATT. In theory this should make the company very attractive, but given the climate right now, who knows what will happen.

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