Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.030

-3.7%

Nov 7 9:30 AM EST

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To: Tony van Werkhooven who wrote (22394)	7/15/2001 10:42:12 AM
From: Z Analyzer	of 22640

The Brazillian stocks should be down about 25% in us dollars due to the weak real, but the Brazilian phone companies, after losing half their value, from the cursory information I have found still llok to be in teens multiples of earnings vs TMX at 9 times. In other words they don't appear cheap. What am I missing? -Z

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