Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 3:59 PM EST

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To: Steve Fancy who wrote (11482)	1/12/1999 5:24:00 PM
From: hoyasaxa	Read Replies (1) of 22640

Two points: Brazil and BZF. First, Brazil. I still concur that one should buy Brazil if you believe in President C. Like a company, for a country management is important, and the CEO in Brazil more powerful than the VP's (cpngress). Along with everything else, this is a big point. Second, closed-end fund BZF trades at 25% discount to depressed NAV and going back to 1994 (when Brazil was substantially worse off) was never this low. Like TBH, like UBB a decent value - unlike them, less dramatic appreciations and declines over the past few years. Pls let me know if you know anything else about BZF. thanks, jg

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