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: Steve Fancy who wrote (7889)	9/11/1998 2:13:00 PM
From: md1derful	Read Replies (2) \| Respond to of 22640

Steve: Why such a huge spread between tbr and tbh now...usually its about 1-1 1/2 now its over 3..what's goin' on

To: Steve Fancy who wrote (7889)	9/11/1998 2:36:00 PM
From: Robert L. Ray	Read Replies (1) \| Respond to of 22640

Hi Steve, I'm an infrequent poster but have enjoyed your comments on both the TBR and AGPH threads for quite a while. I finally bought TBR today at 52 for the first time since 93 when it traded on NASDAQ with the symbol TBRAY. At that time I got in at 23 and sold at 36. How I've regretted getting out at that price thru the years. But now at a price of 52 I figure it's a truly great opportunity to get back in. Certainly not without risk, but when looked at from a risk/reward perspective it looks pretty good. Any thoughts on how things will shake out after the 12 companies start trading on their own as far as whether TBH will generally trade at a discount to the net asset value of the separate companies? I had considered buying TBH instead of TBR but I didn't because it was selling for 2-3 points higher and also I was worried about whether in the long run TBH might chronically trade at a discount (similiar to the way closed end country funds usually do) to the cumulative value of the 12 companies. Don't feel too envious of me getting into TBR at what would seem to be a great price. Earlier this year I sold AGPH at 26 and put the proceeds into LGND at 12 3/4. Ouch! It's going to take a while to recover from that screw up.