Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DMaA who wrote (369)	11/11/1997 2:17:00 PM
From: sam	Respond to of 22640

A lottery ticket?

To: DMaA who wrote (369)	11/11/1997 2:54:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

David: You get an ADR (American Depository Receipt) and a wild ride. American Depository Receipt (ADR): A receipt for the shares of a foreign-based corporation held in the vault of a U.S. bank and entitling the shareholders to all dividends and capital gains. Instead of buying shares of foreign-based companies, shares can be bought in the U.S. in the form of an ADR. sf

To: DMaA who wrote (369)	11/12/1997 8:05:00 AM
From: Ira Vine	Respond to of 22640

I thought that the government owned a majority mistake in TBR, not the whole thing. However, if they do own the whole thing, then what you are buying is a preferred share, which is essentially just another class of share. Don't worry about the ADR format, it's just a technical way of having the shares trade in another country; you have the same rights that you have in Brazil. The fact that they are going to break it up and sell theparts is no different than what has happened with companies like ATT. In theory this should make the company very attractive, but given the climate right now, who knows what will happen.