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: Steve Fancy who wrote (11734)	1/14/1999 10:43:00 PM
From: Logos	Read Replies (1) of 22640

>Still very bullish on the Telco's and UBB though, at the point the >currency is finally perceived as fairly valued. I've noticed that a lot of people on this thread are quite bullish on UBB. I like UBB, but I would think that when this whole mess is resolved, and Brazil devalues further, that UBB would lose some ground to the big US banks like Citigroup and Chase and even BankBoston. They have deeper pockets and are based in strong-dollar land, not plunging-real land. I remember reading somewhere that during previous currency drops in Latin America and Asia, the US money center banks captured market share at the expense of the local banks. Wouldn't this happen again, to the detriment of UBB? Thanks. Logos

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