Telebras (TBH) & Brazil Message Board

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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: David R. Doerr who wrote (44)	7/12/1997 1:13:00 PM
From: Gaston Teran	of 22640

Hi guys, I was glad to see there is a discussion topic for this stock. I recently bought 200 shares and am gathering info about whether to increase or decrease that number. One thing I don't understand is why analysts Patrick Jurezak and Vera Rossi last week downgraded the stock last week citing valuations as one of the reasons. It is true that the stock has risen alot lately but the PE is low and earnings are high, I didn't understand that. Gaston PS-Is there any reason why the 12-pt drop Thur and Fri won't or will be slow to recover from?

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