Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 3:59 PM EST

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To: Tony van Werkhooven who wrote (628)	1/2/1998 2:11:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Hi Tony...you're right, I should have clarified that I seem to recall positive earnings since I've followed the stock...about 6 months now. What time frame to you remember less positive earnings? Although I never count on anything happening, I believe TBR has pumped massive amounts of cash into the operation, and it's my understanding that they are only limited on how fast they can run cable, and they appear to have significantly picked up the pace. Remember BNDES has sold 300 million worth of 132 real puts that expire in FEB or MAR I believe. It's my feeling they're gonna do everything they can to push the stock ahead of the privatisation...questionable earnings would not support this cause at this point. Thanks for the post. sf

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