Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.472

+2.6%

Jan 16 9:30 AM EST

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To: jan m. who wrote (8436)	9/23/1998 1:23:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Jan, I've become somewhat gun shy on trying to predict what'll happen in Brazil short term, but the market is beaten down and full of value IMO. I personally feel Brazil will come out of this OK and that as stability returns, some of these stocks should bolt upwards, but lots of room for error. I doubt Brazil will devalue, but I feel there is still a significant devaluation built in. I'd certainly be prepared for the possiblilty of downside volatility though. FWIW, If I weren't already over extended in Brazil, I'd be picking up UBB also. Good luck. sf

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