Agreed, CHC: I think that your description (a well-oiled...

Agreed, CHC: I think that your description (a well-oiled cash-generating machine) is a good one, and applies to both YAL and WHC — two great companies! If I were forced to choose between the two I’d go for WHC given the transformation which its recent acquisition should deliver, and its stronger growth potential relative to YAL. That said, YAL’s performance has been remarkably strong and consistent, and its yield is nothing short of extraordinary, year after year. I’m very happy not to have to make a choice, and look forward to having a solid foot in both camps (again) sooner rather than later.

Hope that you’re tracking well with your investments, and fully expect that you are! All the best to you.