Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.517

-9.2%

Dec 29 3:59 PM EST

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To: Madharry who wrote (651)	1/6/1998 6:57:00 PM
From: Michael Burry	Read Replies (1) of 22640

Armin, What can I say? You're right. I seem to be a black cloud over the stocks I feature. But the market has been unsually cruel to just as many stocks that I haven't featured. Oxford is the only one I wish I could take back somewhat, and even then not really, since the aim is as much to educate on how to evaluate as it is to recommend. My editor asked me to tone down the "wow the growth prospects are huge" aspect of the story, but in the end he published my original story. This is something of a grand slam - the growth is guaranteed and the stock is cheap. Unfortunately, I started writing the article back around 100, and submitted it at 104. The stock rose to 114 so I had to change the numbers, but even then it spiked to 118 by the time it's posted. If it falls back to 100 I'm buying more, though, and I too plan on holding until after privatization. I'll go through more of the extra numbers and analyst discussion a bit later - I'm beat. Mike

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