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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.550+2.8%Jan 9 9:30 AM EST

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To: dougjn who wrote (207)8/30/1997 11:31:00 PM
From: chirodoc   of 22640
 
<<A link would be nice>> sorry, i only do printed business week.
summary as follows:
1. real could become another bhat.
2. a devaluation of real is possible.
3. GDP grew at > 5%
4. cardoso say growth will slow in next half.
5. inflation will slow from 10% in 96 to 5% in 97.
6. imports surging, deficit widening.
7. trade gap widening by >50%
8. on 8/21 IMF warned brazil about deficit.
9. investors equate brazil with thailand.
10. dereg and privation will help lower deficit.
11. is brazil another mexico?
Above is businesweeks take on brazil, not my opinion. but it tells me that tbr could go LOWER providing, at some point, a tremendous buying opportunity.
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