Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.435

+8.7%

Jan 2 9:30 AM EST

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To: Steve Fancy who wrote (8990)	10/14/1998 1:49:00 PM
From: Fred Levine	Read Replies (1) of 22640

To Steve and all (except those who think it "too liberal")-- Interesting position proposal for Brazil by Sachs in the NY Times today. search.nytimes.com IMO, we're concerned that the lowering of the real will reduce the ability of Brazilians to buy our imports. But, according to the enclose article, the LT financial health of Brazil would be better served by a marketplace devaluation, if controlled properly. Of course, the controversy of the currency looms over the stock price. BTW, I stll remain very optimistic that there will be more than a recovery of the stock price, but this optimism has cost me quite a bit of money so far... f

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