Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.100

+15.5%

Nov 11 3:59 PM EST

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To: Fred Levine who wrote (6947)	8/21/1998 10:21:00 AM
From: MGV	Read Replies (2) of 22640

As I continue to search for problems with TBR, I come up empty based on the effective discount of known risks in the current share price. But here is one potential one - The other day TBR announced that they would not release latest earnings until just befoe all 12 baby bras are listed. Given the distractions of outgoing management over the last 6-9 months, its possible the numbers are poor or even worse very poor. In a market that needs very little to move a stock lower, poor earnings, even if they are distraction-engendered :) , would pressure the stock further. At the very least, the uncertainty caused by not releasing the numbers feeds the fear out there now. Opinions? Steve, Jerry, Doc, RK, Djane ?

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