Telesp Participaoes (TSP) | Stock Discussion Forums

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Technology Stocks
Telesp Participaoes (TSP)

An SI Board Since January 1999

Posts	SubjectMarks	Bans
6	1	0

Emcee: Alfredo Nova	Type: Unmoderated

Introduction Compact

To all:
Telesp Participaoes, the wireline baby Bras for the State of Sao Paulo, is considered one of the best assets of the original Telebras.
I would like to refer to the following:
1-a report from Credit Suisse First Boston dated 7/22/98 and 7/30/98, which explains clearly the implications of Telebras' privatization.
2- a research report from Merrill Lynch online on TSP, quoting the stock as a "best value in Latin American Telecom", price in early December 1998 was 26, target was 40.
3- earnings estimates from adr.com, a new neat website from JP Morgan, dedicated to international markets.
I am personally convinced that to own TSP, TCP and Embratel is the best way to own ex Telebras stock now. In today's conditions of Brazil's markets, these stocks are very undervalued.
I choose to own TSP because I agree with Merrill Lynch that the wireline will have a lot of potential in the future and that it may offer slightly better value than cellular. However, cellular business growth has a way to defy recessions.
TSP, being owned by Telefonica de Espana, will evetually end up in the MCI Worldcom orbit.
I bought in the last 2 days at 14.5.
Good luck,
Alfredo

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
6	Joel, thank you, Alfredo	Alfredo Nova	-	1/19/1999
5	Worswick, thanks for the message. I shared the idea of the new thread on TSP wi	Alfredo Nova	-	1/19/1999
4	Steve thanks for helping the neophyte here. Appreciate it very much. By the w	Worswick	-	1/18/1999
3	Clark, you're asking for financial data on the wrong thread. Hoards	Steve Fancy	-	1/15/1999
2	Hello....do you have any financial industry reprots on TSP? Love to see it. An	Worswick	-	1/15/1999
1	I also read the ML recommendation and bought in at 14.5. Seems amazingly cheap	Joel Green	-	1/15/1999

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