Telebras (TBH) & Brazil Message Board

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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 (9828)	11/18/1998 4:58:00 PM
From: Tony van Werkhooven	of 22640

Ok Steve and other threaders- I printed out post 9748. This gives me all the info to enter the babies into Quicken i.e tells me how many new shares I receive for my TBR shares in each of the babies. Now we have the following issues: Note: I am going to make some assertions and welcome all comments and corrections 1. The spinoff is a taxable transactions. So, I should treat it as a sale of TBR, with sale price equal to (closing price on 11/17, reduced by opening price this AM of the TBR residual). This calculation results in a capital gain or loss, based on your original cost basis. 2. The cost basis of the babies is (the closing price on 11/17 reduced by the value of the residual TBR at the opening price on 11/18) If this is the correct cost basis, how do we allocate this to the individual babies? Allocate in proportion to the opening price this AM? This seems like a reasonable basis. Well,I am open for comments. Am I making this too complicated? Tony

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