Wayne Williams

Another great article. I would be very interested in any comments re GMA Genworth (leaving aside American Parent and Ocean Wide) Mortgage Insurance - from what I can make out most of their "cash equivalent" type of investments are in bonds and fixed interest type of investments that you specialise in - your conditional benign outlook on the Aus. housing market- they are not paying a dividend and from what i can make out their capital (PCA coverage ratio 1.77 times above top end of Board target range of 1.32 to 1.44 times.) For someone that is a retiree and likes solving problems - and a "Mad Money" account. Regards Wayne Williams