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Microcap & Penny Stocks : PLFM - Undervalued with great potential

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To: JoJo who wrote (2373)5/12/1998 12:53:00 PM
From: burns29  Read Replies (3) of 9096
 
This is my first post :) I have been a lurker on SI for a while. this discussion is what prompted me to join. I have worked in the International telecom industry for 15 years. I have several factors to relate as to my reasoning for buying PLFM. IMO International economic developments are influenced by 2 major factors - Money and Communications. In regards to money the Brazilian Real has been stable enough to bring International investors back to their country. Real/USD .75 1/2/98 - .77 5/10/98. Brazil has vast natural resources waiting to be developed (mostly at the expense of the rainforest). The remaining barrier to increased economic development is communications. I have seen significant increases in capacity demand for Brazil. British Telecom, Deutch Telecom, Cable and Wireless and Global One are only a few "big" telecom players putting voice/data switches, Undersea cables and satellite carriers into Brazil. With increased International capacity comes a logical need for Domestic capacity.
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