Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 3:59 PM EST

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To: Steve Fancy who wrote (9692)	11/14/1998 9:34:00 AM
From: Z Analyzer	Read Replies (1) of 22640

Got in Friday at 80. Hopefully, the market will now begin to focus on TBHs valuation instead of Brazils problems. Even though 80 wasn't the bottom, TBH spent very little time below 70 and we now have no imminent threat of a devaluation. Whether we get one in the future depends on whether Brazil can lower interest rates without capital flight, but at least we'll see its inevitability if this happens and have time to bail out. In the upcoming recession, why would you want to own anything in Brazil other than a defesive growth company priced at half what any analyst believes its worth. Z

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