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

To: Worswick who wrote (11533)	1/13/1999 10:07:00 AM
From: hoyasaxa	Read Replies (3) \| Respond to of 22640

Goldman's breakup analysis was $270/share. Brazil's "devaluation" is the right thing at the wrong time - freaking people out in current backfrop. But the real was overvalued - now moving band toward more fair value. This is not a real crisis. Brazil is not going to fall taking LA and then the world with it, IMO. Panic spells opportunity - with TBH and those big liquid names people are selling even if relatively little business in Brazil or LA - why is all of Europe down so much - especially countries with little trade with Brazil? This collective panic provides another great opportunity, IMO.