Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.692

-1.9%

Dec 12 3:59 PM EST

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To: DMaA who wrote (432)	11/19/1997 9:47:00 AM
From: Petrus	Read Replies (1) of 22640

Dear friends of TBR, I own several thousand shares of TBR. I am close to a private institution who is heavily buying millions worth of shares & is establishing a division of a fund based on TBR calls. They are very well established in emerging markets specialy South America, I believe that they know what they are doing pretty well. As they inform me, "if" the Real is not devaluated or taken off peg with the US dollar, and you hold the stock, you may very well be able to see $160 - 190 within 6- 8 months, since that is the price buyers will pay at time of privatization, so if this stock has been to volatile in the past, and you are willing to hold, you will be able to cash in this great and cheap stock, which I believe is the "cream" of Latin American Stocks.

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