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

To: Steve Fancy who wrote (9692)	11/13/1998 3:16:00 PM
From: md1derful	Respond to of 22640

Ode to TBR: Alas, tbr I will miss you so Not only because of how low you go With all the babies about to be born We will now have 12 companies which to scorn Many a day I have been so blue Shoulda put it all into yahoo The beautiful people will rise again, this I know Because I'm putting everything I own into uni-ban-co

To: Steve Fancy who wrote (9692)	11/14/1998 9:34:00 AM
From: Z Analyzer	Read Replies (1) \| Respond to of 22640

Got in Friday at 80. Hopefully, the market will now begin to focus on TBHs valuation instead of Brazils problems. Even though 80 wasn't the bottom, TBH spent very little time below 70 and we now have no imminent threat of a devaluation. Whether we get one in the future depends on whether Brazil can lower interest rates without capital flight, but at least we'll see its inevitability if this happens and have time to bail out. In the upcoming recession, why would you want to own anything in Brazil other than a defesive growth company priced at half what any analyst believes its worth. Z