the major upside with WDC is long term capital growth, land...

the major upside with WDC is long term capital growth, land value will go up in the long run.

With soaring AUD ex rate, think it this way, if US print too much and that leads to the weakening of its dollar, then shoudn't assets valued in USD also appreciate in the long run equilibrium to offset the effect of dilution of paper money? like by means of high inflation in the future? The point I want to get crossed here is that nominal exchange rate is full of speculation and political intervention, the real asset value will prevail in the long run either by the adjustment of norminal exchange rate, or by the adjustment of asset prices. We have the invisable force behind all market mechanism.

Re dividend is just compensation for your time of money,like your oppotunity cost of investing is atleast 6% pa nowadays. I can't imagine how things will get worse at this point, WDC is a buy imo, even more attractive in terms of reward and risk then QBE if you must compare them...

ps: I may sbb more WRT in the IPO on top of my inital 1-1 allotment.