Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.872

+4.5%

3:59 PM EST

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To: Worswick who wrote (12293)	1/23/1999 3:21:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Worswick, Brazil is down 50% from the highs. Could get better or worse short term dependent on the currency and the factors driving it. Once it stabilizes, hopefully fundamentals into play, if not before. Brazil looks to be the cheapest market in the world already. One other point, on the surface it looks to me that Brazil has much greater international support. They know what their problems are and political support on the surface has appeared to grow significantly in the year and a half I've been watching this country. They do not appear to be in a state of denial as well as political wrangling as much of Asia until recently. I still like to think Brazil is not Asia and not Russia. Hope I'm not wrong. sf

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