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: coyote who wrote (7033)	8/22/1998 8:08:00 AM
From: Fred Levine	Read Replies (2) of 22640

Coyote-- As remarked on many threads, stock prices abhor uncertainty. The TBR's have the uncertainty of the election, the uncertainty of SEA and Russia, AND the uncertainty of the breakup into smaller telecompanies. In addition, there will be new profit-driven management in a sociology of government largess in the tlecompanies. All of these have, IMO, driven the price down to ridiculous levels. The positive is that the election result is coming clearer with Lula losing share, and we shall wait until the murk clears in the other issues. I am convinced that TBR is a screaming buy, but my gut holds me back. f

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