Indosat (IIT)- The Indonesian Gem! Message Board

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Technology Stocks : Indosat (IIT)- The Indonesian Gem!

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To: RFH who wrote (38)	10/22/1999 5:57:00 AM
From: Manfred Sondermann	Read Replies (3) of 42

Robert, I am not a short term trader, but I am holding my stocks for the long run. All I can say is, that at present quotes IIT is undervalued a lot. Now it is a bargain, a screeming buy. This company has mastered the tiger crises pretty good. If this company would be in the States, the price might be about $50 now. And that will be the price where IIT will go to, when the crisis is over and western investors have regained confidense in Indonesia again. But this may tike time, maybe five years or more. Now that Megawati has become vice president in Indonesia, we will see how much she can influence the politics there. But one thing must be sure: Even she has to to unpopular things to manage this country, so the people there might be disappointed to some extend. To the company itself: IIT had some troubles. They faced a dividend scandal and the CEO has quitted his job thereafter, even though it seems that he was not responsible. This breakes my heart a little bit, because he got a lot of awards of being the best indonesian manager during the last years. Good luck!

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