Softbank Group Corp Message Board

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Technology Stocks : Softbank Group Corp

SFTBY 14.10

+1.4%

Jan 9 9:30 AM EST

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To: TobagoJack who wrote (181)	5/24/1999 3:51:00 AM
From: Edwin S. Fujinaka	Read Replies (1) of 6020

I see Softbank closed at around $127 in Tokyo last night, up $0.40 (actually Monday in Japan). This in spite of a $16,000/share loss in the price of Yahoo/Japan. (This was only a 6% drop <G>). I think the Softbank model that has them taking some capital gains every year can keep the Company profitable, perhaps indefinitely, as long as the entire Internet Sector does not collapse. An Internet Stock Price collapse could be disastrous for Softbank if it is coupled with very intense borrowing on Softbank's part. I don't have a good handle on Softbank's financial structure, but some types of bonds and bank loans could become a problem in the face of a major market downturn. It could be analogous to what happened to some Japanes financial institutions when the Japanese Real Estate Market took a big hit. Of course, I am calcuating that the potential reward is greater than the risk and I do feel that Softbank may be one of the least risky of any of the Internet Stocks.

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