Have you had to make many adjustments to the model this year? How has it done this year?
As an aside, I always thought that IWS would be a great long term investment for a millionaire who wanted to pay no tax. Buy IWS at IB (low margin rate) and just borrow against it at approx. 8% per year without selling it. $3M would give you $240K per year tax free (because the divd payout is extremely low) forever. I could live on that in my retirement days.