Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: djane who wrote (7104)	8/25/1998 3:28:00 PM
From: MGV	Read Replies (1) of 22640

djane - The GOB received $19.18 B for its 19.26% stake in TBR. At 320 Million shares, the per share equivalent was 19.18/.1926/.320 = $311.20 per share. $275, $295, or $311 vs. $80. Even allowing for a control premium, alot of potential pain is discounted into the stock at current prices. The only caveat I would add is that don't buy here with the expectation of trading profits any time soon. I think it will retest at least its lows. My strategy is to buy anytime its under $80, not before. Of course a sell is out of the question based on value. Mark

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