So today I have decided to sell off UMS, not that there was much of a fundamental change since the last time I took a look at it, but simply because after learning more about value investing, I decided that UMS having a large portion of their revenue coming from AMAT would not be a very good investment for the long-term since there’s no guarantee that AMAT will continue to provide them with business after their contract expires in 2017. Rather than take the risk of having a concentrated customer, I would rather re-deploy my asset elsewhere, and build up my warchest. It’s a little regretful that I am giving up a good 10% yield from this great counter, but when I step back and take a look at this investment again, I can’t be certain if the 10% yield will justify the drop in price in the event AMAT ......