Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

+6.7%

Nov 24 3:59 PM EST

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To: Steve Fancy who wrote (11920)	1/18/1999 11:06:00 AM
From: Steve Fancy	Read Replies (1) of 22640

This is the understatement of the year... ''If something goes wrong [on the Congressional voting], it will be a disaster,'' said Richard Svartman, a Brady bond trader at Banco Fonte Cindam SA. ...everytime things take a turn up in Brazil, something comes along to burst the bubble. Personally I don't think Itmar will have much credibility going forward, but any slip in Congress and it's all over. I personally think they may get through it this time, based on the overwhelming majorities so far this year, apparent lack of support for Itmar, and what I hope is a new sense of urgency over there. sf

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