Quote Originally Posted by Dr_Who View Post
Why is ING sp so weak?

Will there be any div cut?
they have their tennancy agreements etc locking in for three
- four years out so I dont think cash flow is their problem.
MFL are selling down big time and this I feel is spooking the
market. I havent gone back to try and see who is buying ??
Coz there must be a buyer. Anybody ???
MFL is one of these fund managers (managed by ING) that is
scrambling for cash to get out of their CDO's , CFO's etc so
need the ready's, like NOW.
There could be a divvy decrease but I dont think so coz the
others are holding up. ING still have about 36 - 38% leverage
(Fung- Pud might know the exact %%%). this is not really a
problem as they have the necessary forward cover at about
8.7%. From memory.
I wish they would lower the divvy and retire debt.
All in All I still think they are the cheapest buy on the market
at the moment in relation to their div %.