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

To: Weekapaug who wrote (453)	11/28/1997 5:48:00 PM
From: Uncle Mikey	Read Replies (8) \| Respond to of 22640

Anyone here know anything about Bompreo? Bompreo is one of Brazil's largest supermarket chains. According to a 11/19 report by Lehman Bros the stock (identified as BNORY, a "GDS") was trading at $29 1/2, or just 7.1 x 1997 earnings and 4.9x 1998 estimates. Lehmans projects 5 year EPS at 35%. I own some Cifra (CFRAY) and this sounds like the Brazilain equivalent of that (Mexican) company but : I can't find it listed anywhere. Anyone know how to find (and maybe buy) Bompreo? Mike

To: Weekapaug who wrote (453)	12/1/1997 12:16:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hi Ken, actually I was just going to bed. Bad habit of staying up late and watching other markets these days. I wrote Dec. 95 puts on Friday for 2 1/2. Not the best deal, but I wanted to get in before the weekend. I had a thought the other day and have spent a lot of time this weekend trying to find an archived copy of the following story. "Brazil's BNDES to sell 300 Million Reals in options on TBR- 6 Months strike price of 132 reals...these are puts their selling...see Boomberg news for full details...." I remember the story coming across the newswires but didn't save it. This reference was from Scott, post 218 on this thread. If I understand correctly these would equate to 120 puts. Not sure if they expire February or March. These folks put some big bucks on the line. If anyone has a copy of the press release...please post. Thanks. sf