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

To: Fred Levine who wrote (1402)	4/2/1998 11:26:00 PM
From: Eugene Goodman	Read Replies (1) \| Respond to of 22640

Fred TBR has been a D-1-1-7 for perhaps a year. I of the factors in my buying TBR was the high ML rating. This led to getting an annual report and so on. I have not found general discussions on the alternative strategies that could be used by investors after privatization. I follow IBD, NY Times, Economist, S & P and ML. I guess the most simple strategy- holding for the long term, that is a couple of years after closing, might turn out to be the best. But I am far from sure. The new Brazilian companies may be faced with competition soon after privatization. This is where the similarity between the privatization of TBR and the breakup of ATT ends. The BOCs still have no competition. ATT is still screwed up I need more info and a better feel for the level of competition. Eugene

To: Fred Levine who wrote (1402)	4/11/1998 12:20:00 PM
From: Eugene Goodman	Respond to of 22640

I use the ML recommendations only as a rough guideline and with a lot of skepticism. A couple of years age I bought one of their recommendations, China Power and Light without thorough checking. The facts were superficially attractive. CP&L were completing a Neuc in the Hong Kong territory. On completion they had an assured market and attractive pricing. Unfortunatly the technology and the contractor were French and in trying to fix one problem with the fuel rods, they created others. The stock dropped to about 1/2 what I paid. The best investment advice I have received was from Smith Newcourt. Many winners and only a few that lost- for example stocks that have at least doubled in the last 3 years: Abb, Credit Swiss, Nestle, Sandoz later Novartis and Ciba, Swiss Bank Corp, ABN Amro, Wolters Kluwer. Unfortunately, Smith Newcourt was bought by ML and since then their recommendations have gone downhill. They give low ratings to stocks whose performance is pretty good. The Swiss and the Dutch stocks are in the defensive part of my IRA. I figure if the world economy tanks, all the remaining money will funnel into Switzerland and Holland as it has for hundreds of years.For example, ABN, I think used to be the Netherlands Trading Society who owned New York and Indonesia. Gene