(Bloomberg) — Soured investments, a forecast record loss and a rating cut are not turning SoftBank Group Corp. analysts and investors into bears on the stock.That’s because they believe a massive $23 billion share buyback plan will buoy SoftBank’s shares for months to come, more than offsetting the hit from the Vision Fund’s write-downs.Masayoshi Son’s tech giant last month boosted the size of planned share repurchases to 2.5 trillion yen, to be funded with proceeds from asset sales. The stock is up more than 40% since then, continuing to rise even after it said earlier this month that it will …read more
Source:: Yahoo Finance
