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: md1derful who wrote (15245)	5/12/1999 9:11:00 PM
From: wl9839	Read Replies (4) of 22640

I received a new research report from Bear Stearns today (dated 5/11) on UBB. The gist of the report was although they were "pleasandtly surprised" by the first quarter results and the lessening Brazil risk, they were maintaining their "neutral" rating on the stock. In addition, they raised their 2000 estimate of $15 in March to $29-$30 in June 2000. Not alot of room for appreciation! As an aside, I am becoming very disenchanted with the Bear Stearns research on Brazil. About the only thing I pay attention to is their reports on the cellulars as these reports seem to get into investors hands and have an apparent effect (albeit temporary) on the market for these bras. I would not put a tremendous amount of faith in this BS report, but thought I would share it for what it is worth. WJ

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