The Big Boys, page-899

Yes GMA is one of 2 I think mortgage insurers in Australia. I looked at them last year as a way of shorting the housing market, but they had already come off a lot. Havent looked at the chart since but it would be a high risk investment at this point. Not for me.

To go long you'd be betting that a downturn in property wont be as bad as the market might have priced in. But as housing is now coming off after a 35 year boom, its a big call. Mortgage stress is increasing.

Need to look at this from capital gain or loss rather than dividend.