Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.481

+6.4%

1:44 PM EST

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To: md1derful who wrote (7102)	8/25/1998 3:02:00 PM
From: djane	Read Replies (2) of 22640

Edward Allinson (Brown Brothers) just pounded the table on CNBC for Telebras. 7 P/E, 9 out of 100 Brazilians have a phone. Said foreign carriers paid the equivalent of $295/share in 7/98 privatization. Emphasized that TBH is a restructuring story and new owners will grow the number of lines. My commentary. Is anyone out there? $295/share!! I heard a figure of $275/share at an early 8/98 investment conference. This is the most baffling stock. With my basis at $83, I hope I get another chance to buy more under $80. Unbelievable

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