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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (22459)	8/23/2001 12:26:11 AM
From: Z Analyzer	Read Replies (1) \| Respond to of 22640

Steve, I'm curious why you are so negative on TBH when its cheaper than it ever was during the 1998 crisis. It also seems that the cheaper currency should further improve Brazil's trade balance. Have to admit I don't understand why the Brazil market sold off with Argentina but didn't come screaming back with it today. There is no logical explanation other than the fact that I own it. Are the telcos not very cheap now on an absolute basis, not even considering growth potential? One question I have is whether these companies have much foreign debt which became more onerous with the devaluation of the Peso if it holds here. Other than that, emerging markets are just very out of favor now, trading at around 8 times earnings with virtually no interest. -Z

To: Steve Fancy who wrote (22459)	8/24/2001 10:53:01 AM
From: Z Analyzer	Read Replies (2) \| Respond to of 22640

What is going on with TBH????? Getting killed day after day. What horrible news am I missing? Its already lost most of its value and the currency is down 25%. Are things really worse than in 1998?? -Z