- SoftBank shares are considerably off their highs due to several factors, including exposure to Chinese technology investments and some investment mistakes.
- Two particularly important investment mistakes have been WeWork and Greensill.
- SoftBank has also hit some home-runs, such as its investment in DoorDash which has returned multiples of the investment to SoftBank.
- A lot of investment mistakes are already priced into the valuation, with the company trading at a fraction of its net asset value.
- There are a couple of potential catalysts for shares to go higher, in particular if the ARM transaction goes through, or if the company restarts share buybacks.
For further details see:
SoftBank Remains Cheap Despite Some Serious Investment Mistakes