Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.403

-0.7%

12:39 PM EST

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To: Steve Fancy who wrote (8284)	9/18/1998 4:20:00 PM
From: MGV	Read Replies (1) of 22640

There are some nice fundamental events that are brewing to make way for for a real (i.e. "you ain't seen nothing yet!") rally in TBR. The banking reform agreement in Japan, if indeed it is the real thing, and the news about an extraordinary session in the Brazilian Congress to address structural reforms before the elections is very positive news. It could mean that we will not see the low 60's let alone the 50's again. Even better, the conviction manifested by the Brazilian Congressional leader to do what is necessary to restore "economic vitality" to Brazil suggests that real reform will happen after the elections at the latest. If this falls into place, TBR is well over 100 by year end. Imagine that.

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