Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.501

-3.2%

9:35 AM EST

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To: Madharry who wrote (605)	12/29/1997 5:44:00 PM
From: Madharry	Read Replies (1) of 22640

For those readers of this thread looking at addiitonal Brazil plays, you may want to take a closer look at UBB(unibanco). To me it looks quite inviting, third largest bank in Brazil, sixth largest insurance company, third largest asset manager. I believe Deutche Bank owns a stake, perhaps 20% or so. stock sells at around 1.3xbook, 10x earning but return on equity was 15.3%. The stock shot up almost two points today on relatively heavy volume 310,000 share so it may be newly discovered. Just my own opinion , do your own homework and invest at your own risk. TBR continues to have a nice run closing at the high for the day. The announcement that they will make a decision on their investment bankers by February is encouraging, and may be good for a few more points tomorrow.

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