Was just thinking, most people and fund managers and banks are...

Was just thinking, most people and fund managers and banks are idiots in Australia. It is embarrassing.

They will all overpay by 100s of thousands fro property worth half the price with yields so low...most Australian Property has P/E of 50 or higher (Inverse of Earnings Yield is a proxy for P/E), with banks only too willing to lend for an illiquid asset....

but most wont look at undervalued companies with low single digit P/E and Growth at 10x the market.

Well thats GMM.....

I know which want I prefer.

Btw... the 3 month chart of GMM reveals a big 10-15c upward move to new highs is imminent.

Lets see if I am correct.

GG