Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.952

-7.6%

Nov 10 3:59 PM EST

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To: Steve Fancy who wrote (7405)	9/3/1998 12:21:00 AM
From: Madharry	Read Replies (2) of 22640

I added to my position in Unibanco at $15.25. As you all know I loved it at $30, and as far as I know it has done nothng wrong except be in Brazil. It is now worth about what it sold stock for in the global offering in 1997, about a $1Billion plus the $500MM it got from AIG for 50% of its brazillian subsidiary. So I guess if you buy the stock and you get the bank and half the insurance company thrown in,plus a few other non finance subsidiaries. To this bloodied brazilian investor it just seems like the price of the stock reflects about a 50% devaluation! Now I get to sit back and wonder what shoe will drop next! As far as TBR goes I almost sold it at $107 but refused with the logic of why sell something for $107 that entities with better info tham myself paid well over $200 for! Of course now I wish I hadn't not been so logical and followed my technical indicators instead.

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