SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Softbank Group Corp
SFTBY 56.76+1.6%Dec 26 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (201)5/30/1999 3:09:00 AM
From: Edwin S. Fujinaka  Read Replies (1) of 6020
 
The Barron's interview with a couple of Japan based mutual Fund Managers seems to throw cold water on Softbank's Pasona IPO. It will be interesting to see if they are right or if Son can pull off another improbable trick. I have to agree with Edwards, and maybe Son will not be able to turn Pasona into an Internet Stock <G>. Edwards does like Softbank though so perhaps we will see a little more institutional interest in Softbank eventually.

Edwards: That's true. For example, we both recently attended a pre-launch meeting for an initial public offering for a company involved in supplying temporary personnel. We felt the IPO was overvalued and asked the shacho why he was listing the company if it wasn't growing significantly. I told him the IPO would have to be priced 30% lower before I would buy it. I don't think he was comfortable with what we were saying or with our directness, but he couldn't complain because we were foreigners.

Q: Any others?
Edwards: We like Softbank, which is the largest Internet holding company in the world with 93 investments in various Internet companies, of which Yahoo is its largest holding. To some extent, it is a chicken Yahoo play. On an net-asset-value basis, it is trading at a 30% discount, but the major component of its NAV is Yahoo. You could get yourself into a circular argument about which company is overvalued -- Yahoo or Softbank. But we believe future growth will come from its diversified investments, some of which we hope will become substantial in their own right.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News