I have been observing Stockland Group, and its weakening price in recent weeks, which has only been further weakened following the 'correction' of last week.
I would have thought that with Stockland having a property portfolio in Australia/NZ, that the strengthening of the $A would have enhanced its share price. Additionally, seeing that Stockland is dealing in Australian property (not US), which is still fairly robust according to most, it would have been insulated from the recent downturn and 'credit' issues in the US. Any thoughts on this? Has Stockland been potentially oversold, or am I missing some fundamental issues. I am only fairly new to trading, so welcome anybody else's views on the stock.