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


To: Steve Fancy who wrote (11824)1/15/1999 12:58:00 PM
From: Tony van Werkhooven  Read Replies (1) | Respond to of 22640
 
Steve- I assume you meant the devaluation.

According to what what posted, I believe yesterday, UBB $$ liabilities are matched by $$$ assets. Given the recessionary environment, that would increase the credit risk. Increased credit risk is, hopefully, already reflected in the stock price.

Steve- What is your thinking - did we move up to fast today? should we brace for a retracement?

Tony