Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.5%

Dec 5 3:59 PM EST

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To: Madharry who wrote (970)	2/9/1998 6:50:00 PM
From: jeremy smith	of 22640

Armin, I'm afraid to say I really have not followed UBB at all, and so have no views. It certainly is a highly volatile one! I kind of gave up on the private sector (and banks in particular) after the Brazzos hiked rates up so dramatically during the Asian rout last November. Rates though in the past couple of weeks have started to ease (down to 32% p.a. today)...but even so, the tempation is to stay with the privatization plays during this whole period. I will ask around for you though on UBB and come back to you with a more "informed" opinion. Jeremy

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