Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: djane who wrote (7104)	8/25/1998 3:09:00 PM
From: DMaA	Respond to of 22640

In the battle between fear and greed, fear is winning. My money's on greed long term.

To: djane who wrote (7104)	8/25/1998 3:28:00 PM
From: MGV	Read Replies (1) \| Respond to of 22640

djane - The GOB received $19.18 B for its 19.26% stake in TBR. At 320 Million shares, the per share equivalent was 19.18/.1926/.320 = $311.20 per share. $275, $295, or $311 vs. $80. Even allowing for a control premium, alot of potential pain is discounted into the stock at current prices. The only caveat I would add is that don't buy here with the expectation of trading profits any time soon. I think it will retest at least its lows. My strategy is to buy anytime its under $80, not before. Of course a sell is out of the question based on value. Mark