Listen, I'm a big fan of coyotes and their adaptability to different environments. Since you chose that name I will be easy on you. You haven't read 3-400 posts, or if you have you shouldn't be investing in this co. Brazil, a nation of great and extreme promise, faces some slight growing pains, namely too much debt and too many people.
For some time those people have had problems communicating by telephone. Over time there has been a growing and now pent up demand.
The country owned its telephone co. In order to reach some heretofore unattainable efficiencies, the present gov., in a pro-business gesture, and against rabid populist sentiment privatized the provincial telephone co. Heretofore the tel co, known as tbr, has represented 39% of the listed exchange on the brazilian bovespa index. TBR has also attained the status of the most heavily traded adr on the nyse.
On July 29 the privatization took place, on the 30th the stock went to 127 1/2. For 11 sessions it has gone down. It is arguably the best pure value in the world, but is neither for the faint of heart nor the uninformed.
Pursuant to the privatization the 12 parts which were sold will be listed on the nyse. An owner of tbr will get shares of each of the 12 parts. There is a stock, symbol tbh, which is a holder of the 12 parts and will remain intact. Although by no means a Mutual fund, it is simpler than the 12 parts, which many are hoping will be listed very soon. Your broker can provide further information, or alternatively you may want to bookmark Steve Fancy, go back pre-sale, 7/29, and scan thru his hundreds of post to those providing analyst's opinions. Should you choose to accept this assignment, most longs will be envious of your cost basis, as they paid a great deal more, and in many cases haven't the funds to buy now. Good luck in your investing and I urge that you do a little more dd before you attempt the pits in the future. |
