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

To: RockyBalboa who wrote (6616)	8/13/1998 11:56:00 AM
From: Fred Levine	Read Replies (1) \| Respond to of 22640

IMO, the panic is now over and cooler heads will prevail---soon. Obviously, as measured by the premiums companies PAID to buy the regionals from Brazil, these companies are worth much more than their current stock prices. I cannot think of a better endorsement of the future of telecommunications than market value as interpreted by people in the business who put money up. Unquestionably, world-wide uncertainty about both SEA and Russia has had a contagious effect in Brazil. Obviously, Brazilian tele's will not be affected by Russian oil or Hong Kong real estate. FWIW, I continue to do well shorting the Yen. Now, however , the fundamentals of Brazil will take over and we will see a great return on our investments. I not only agree with Steve that it ain't over 'till its over, but IMO the time is propitious for more investment. I'm more bullish than ever. f