New to this stockAppears to be one of the few overlooked...

New to this stock

Appears to be one of the few overlooked REIT's

Reason - It can be described as being overlooked yes, but surely that's due to being on tenderhooks re being refinanced or having the pin pulled. That's enough to keep investors away.

http://i710.photobucket.com/albums/ww106/eMark_photos/ILF.png?t=1243941761

Thoughts -

take a look at their previous announcements with regards to hedges especially against the US Dollar. It indicates that the stronger the AUSD is against the US and the Canadian Dollar....the better for ILF as their indicative hedge liability gets smaller and smaller as the AUSD gets stronger which now stands at .81 AUSD to 1 USD.

As per their announcement:

At .63 AUSD to 1 USD.....their liability is 122.3M AUSD-----that is HUGE
At .70 AUSD to 1 USD....their liability is 70.4M AUSD-----a little better
At .77 AUSD to 1 USD....their liability goes down to 41.6M AUSD----much better
Therefore...At present .81 AUSD to 1 USD.... their liability will shrink to maybe just 20M AUSD.----wow! much much better.


Even their announcement doesn't factor in the .80's AUSD to 1 USD which will definitely lighten up their financials. The highest they go is up to .77 cents only. Surely now, their balance sheet will look much much better.

To add.... complete list of ING reits:

IIF - 29 cents
IOF - 60 cents
IEF - 17 cents
IHF - 78 cents
and last but not the least....
ILF - 6 cents............looks like this has been overlooked BIG TIME!


Cheers

eMark

The chart certainly doesn't look overbought at the moment...