Helix Investment Research
Long only, special situations, contrarian, growth

SoftBank: For Exposure To Alibaba, Look To Tokyo, Not Sunnyvale

(Editors' Note: Softbank trades under the symbol 9984 on the TSE with average daily volume in excess of 150B yen. It also trades in the US as an ADR under SFTBY.)

Since Marissa Mayer took the helm of Yahoo (NASDAQ:YHOO), shares of the Sunnyvale-based company have more than doubled; while the company's rebounding stock price has been driven in part by Mayer's turnaround efforts, much of the increase can be tied to the company's 24% stake in Alibaba, China's leading e-commerce company, and investors' desire to gain exposure to it ahead of its expected IPO. However, investors looking to establish exposure to Alibaba today will likely do well to look east, away from Sunnyvale and to Tokyo, home...

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