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

To: Steve Fancy who wrote (9400)	11/4/1998 12:48:00 PM
From: Steve Fancy	Respond to of 22640

Goldman Sachs' Mariscal: Fundamentals In Brazil 'Not Bad' Dow Jones Newswires NEW YORK -- Despite a selloff in Brazilian markets last month, the fundamentals of certain sectors of that economy are relatively firm and offer some opportunity, according to Jorge Mariscal, director of Latin American equity research for Goldman Sachs & Co. "The selloff was more the result of risk increasing rather than fundamental growth or earnings power deteriorating," Mariscal said in an interview on CNBC Wednesday. "Once risk perceptions are coming down, people are beginning to look again at the fundamentals, and the fundamentals are not that bad," Mariscal said. "There are a lot of restructuring stories in Brazil (and) privatization stories," he said. "Companies that are not very sensitive to the business cycle are likely to do very well." -By Victor Ozols; 201-938-5394