Is SoftBank Stock a Buy?
SoftBank Group (OTC: SFTBY), a Japanese telecom company that expanded into a diversified conglomerate with investments across the technology, energy, and financial sectors, has been a volatile stock in recent years.
The bulls were impressed by its $100 billion tech-focused Vision Fund, which it co-owns with other major investors. SoftBank also acquired chip designer ARM Holdings in 2016, and merged its subsidiary Sprint with T-Mobile earlier this year.
The bears often highlight the messy performance of SoftBank's investments, including Uber's disappointing IPO and WeWork's failed IPO, the slow growth of its domestic telecom business, and the potential impact of the new Japanese recession.
Source Fool.com
