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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 Fancy who wrote (9143)10/24/1998 3:06:00 AM
From: Madharry  Read Replies (2) of 22640
 
As you know I was so embarassed at this stock's decline that I stopped posting on it. I have no additional info on the bank than I had when it was 30 and then 40. As you know I added to these positions at 20 15 and 8. It looks good technically but then so do an awful lot of stocks. I still think that if it sold for $50 it would be valued fairly but of course this is as someone who only has access to dated info. The company's bad debt and problem loan exposure could have changed significantly in the past 12 months, and a negative announcement about this could certainly damage the stock short term.
However you can see that all these company's continue to be major investors in Brazil and as a long term play it looks great and cheap.
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