IIF 0.00% 53.5¢ ing industrial fund

the time is now, page-62

  1. 11,407 Posts.
    Yeah True Wilson and IPOD.

    All REIT's got hammered. The REIT sector along with financials have been the worst hit around the world.....its been all doom and gloom.

    I dont back CNP's chances of a recovery as believe the banking syndicate has effectively orchestrated a BNB style of situation "Sorryu...shareholders and noteholders....you get nothing...we'll now sell down the company to recover what we can".

    Thats the market.

    Will Stocklands and Westfield go broke? I dont think so.

    Will IIF? I also dont think so.

    Which other REIT is close to paying off debt?

    IIF is the only REIT I see seriously selling down assets in order to become a "zero debt" company.

    Value share price wise can only be realised by the company addressing problems and acting accordingly.

    Yesterday....out of $300 million in debt....$79 million was paid off...quite a chunk.

    12 more sales in Canada and 5 in Australia about to be pushed through.....I dont think we'll be staying around the 20 cents shareprice for much longer imo.

    Good luck to all who have researched and taken a position. Not all problems have been addressed but enough have for me to believe IIF is soon to be 60 cents in the short term.



 
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