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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?

To: James who wrote (2318)	5/11/1998 4:04:00 PM
From: PhilT	Read Replies (1) \| Respond to of 9096

James, As you know, BAAT is it's own best promoter. Joe invited the press to his open houses and I think his track tests. Isn't it true that PLFM didn't invite outsiders or press to the Brazil test? That would explain the lack of press at this time regarding the success of the test. PLFM may indeed be trying to avoid the hype that Joe seems to encourage. Phil

To: James who wrote (2318)	5/11/1998 4:10:00 PM
From: Netnut7	Read Replies (2) \| Respond to of 9096

RESEARCH ALERT - Three Brazilian telecoms started SAO PAULO, May 11 (Reuters) - Merrill Lynch & Co said on Monday it began coverage of Brazilian telecommunications firms Telerj <TER.SA> and Cia Riograndense de Telecomunicacoes (CRT) <1CRT.SO> with buy ratings. The brokerage also said in a report that it started coverage of Brazil's Telemig <TMG.SA> with a neutral rating. Analyst Ricardo Gurman said CRT is Brazil's fastest growing telecom and Telerj, a unit of the federal Telebras <TBR.N> <TEL-p.SA>, stands to benefit most from the federal holding's privatization. "We believe that Telerj will benefit more than any other company from privatization," he wrote. Telebras is slated to be broken up and sold off starting July 15. Gurman also said Telemig was Telebras' best-run subsidiary and, thus, offered little room for efficiency improvement. "Despite smaller waiting lists compared to other Brazilian telcoms, phone penetration is still low and there is lots of room for expansion," he added. The analyst said CRT's shares are to be split 2-for-1 ahead of the company's upcoming privatization, representing CRT Wireline and CRT Cellular. "We estimate a post spin-off public market value of the combined entities at 132 reais per preferred share, or a 21 percent upside," he wrote. Telerj offers "excellent" turnaround opportunities due to the size and wealth of its market, which encompasses Rio de Janeiro state, he said. The stock offers "substantial room for quality and penetration improvements. Competition is the biggest risk," he said. Meanwhile, Telemig's shares also are to be split 2-for-1 in mid-May and the post-split combined market value should reach 195 reais per preferred share, or a 12 percent potential upside, Gurman said. 13:04 05-11-98 Telemig preferred B share was off 2.36 percent at 165 reais, Telerj preferred was down 4.79 percent at 188.51 reais in Sao Paulo and CRT preferred A <1CRT-pa.SO> was off 0.95 reais at 149 reais. 13:28 05-11-98 Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similiar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.