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 (7199)	8/27/1998 4:35:00 PM
From: MGV	Read Replies (1) of 22640

Doc, From 7/30 to today there have been only 3 up days 8/13,14 and 8/18. It has fallen from 127 1/2 on 7/30 to 71 3/4 in 20 trading days. That is 44% down in 20 days - 17 down and 3 very slightly up. The risk reward from here is singularly extraordinary. Brazil is not going away. TEF and MCIC/WCOM and other telecom. experts just valued TBR's business at $300/share. They didnt pay that to sell in October of course but, they did pay that to participate in Brazilian growth. It is absolutely imperative that you treat your existing loss as a sunk cost for the moment and keep focussed on what compelled the investment in the first place. You will not have many opportunities to purchase a growth business at this multiple in an investment lifetime. I'm up on the table metaphorically here. This is a buy. Mark

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