Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

-0.1%

Nov 25 3:59 PM EST

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To: posjim who wrote (11722)	1/14/1999 5:44:00 PM
From: Steve Fancy	Read Replies (2) of 22640

Hi Jim, TNE got whacked today. Keeps seeming like it just can't get much cheaper @ 8.5 (famous last words). A month or so ago the stock hit 20 and was thought to be close to 100% undervalued then. Regarding the mirror licenses, no way to tell. One school of thought says that by selling the license, the monopoly is soon to end (which was never meant to be in the first place...licenses were supposed to be sold last November). Has any monopoly premium been built in? Unlikely based on market conditions. This may be more a factor for a rebound...who knows. Back in the days of the auction, it was suggested they could have sold for nearly twice as much if sold as monopolies. OTOH, what does a total lack of, or very little interest as in the case of TSP and TCS suggest...who knows. Like life, all a matter of perception I guess. Good luck with those TNE's. I'm sure they'll pay off sooner or later...unless someone starts a tin can and string system. sf

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