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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.429+3.1%Jan 30 9:30 AM EST

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To: Gaston Teran who wrote (46)7/12/1997 1:23:00 PM
From: David R. Doerr   of 22640
 
The stock has wide swings in both directions, but the oevrall trend is still up. A lot of analysts probably think the stock has already made great strides and can't coninute at this pace. You are right on earnings, in '99 estimates are for 19.20. Even at a modest 10 PE, we have a 200 stock. I truly believe the stock deserves a much higher PE of 15 whcih would put us in the 250 range. Privatization usually means good things for the investment community. All foreign phone stock have been going gang busters, but TBR is a true play for the Brazilian economy. For all readers, ATHM is a stock to look at for a long term hold., Welcome to the thread.
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