Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.532

-2.4%

3:59 PM EST

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To: chirodoc who wrote (278)	10/13/1997 12:29:00 PM
From: David R. Doerr	of 22640

i don't think its a matter of if, but when Brazil has to devalue its currency. ...the stock may be safe up to elections, so Cardosa can stay in power...the stock could get real ugly during devaluation...I learned my lesson back in '94 with Mexico...i'm long for life with my profits in this company from the past, but will wait for devaluaiton before getting back in on a serious note.

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