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

To: Steve Fancy who wrote (6675)	8/14/1998 5:27:00 PM
From: jayray	Respond to of 22640

<<Union leader and Presidential candidate Luis Lula da Silva was quoted as saying that the TELEBRAS symbol change (from TBR to ELDORADO) was an affront to all true patriotic Brasilians, even the ones on 46th Street in New York, and would only encourage more "gringo wealth seekers to befoul our low tech shores.">> FROM HUMOROUS "NEWS" POSTING 6569 ON 8/12 FROM REAL NEWS POSTING 6774 ON 8/14: <<Lula said he does have a problem with foreign capital being invested in the country's stock exchanges. "We can no longer allow speculative capital to dictate investment standards," the Workers' Party candidate said. "It neither creates wealth nor favors income distribution. It must be controlled." He gave no further details.>> Do you think he's reading our thread? If so, I hope he tries to call home, preferably on a Telerj payphone, then he'll find out that "speculative capital" is sometimes a good thing to have around.

To: Steve Fancy who wrote (6675)	8/14/1998 11:38:00 PM
From: RockyBalboa	Read Replies (4) \| Respond to of 22640

So we might add another risk factor to the TBR Story... ..not only Southeast Asia and Russia or the Wall Street, but the polls on presidential election. If LUL really wants to close down the exchange, we have to look for a different country. >>>"We have no problem with foreign capital, as long as it is invested in productive ventures," Lula said at a meeting with foreign correspondents. He said he would welcome foreign investments in industry, agriculture and tourism.<<< Hmm. That means: not in other services sectors, not in telephony. No ADRs, no Embratel? He just ment, TBR is not productive? >>"The best way to attract foreign capital is to offer opportunities to invest in projects that create jobs and improve income distribution, thus guaranteeing social stability," the Workers' Party candidate added."<< Maybe. But he didn't speak about returns for those investors. What can I buy for adding a little social stability and new jobs. New jobs? So do I get a job in Brazil if I invest my money there? >>>"It is not the ideological profile of the government that will cause capital flight, but investor anxiety," he added.<<< Sometimes, it is anxiety, I agree. Sometimes, as Brazil has to compete with other countries, there are simply better odds. Christian