Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Rational who wrote (3151)	11/23/1997 5:50:00 PM
From: Rational	Read Replies (2) of 27307

To all: Softbank is a case of a real bubble, fueled by a highly leveraged Japanese company which illustrates the demise of the banking systems in Japan, Korea and other SE Asian countries. Companies like Softbank have been fueling YHOOs with hilium, IMHO. The price of Softbank has fallen below its IPO price. Does it tell anything about price of YHOO in which Softbank had an interest of 50%, but now reduced to 30%? Softbank had been reporting to its shareholders the gains in stock prices as profits, namely for YHOO from $3 per share to $52 per share as Softbank profits and Japanese banks have been lending against such profit potentials (well, it is not "real-estate") to such "hight-tech" companies up to an average leverage of 3:1. [Softbank's leverage must be much higher.] I now see first hand the real bubble in the Japanese banking system, waiting to explode soon: I expect the largest YHOO shareholder will receive a margin call from its lenders.

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