For those who razzed me about buying into Western Union (WU), read this excerpt from Morningstar's quarterly report:

Western Union WU reported solid fourth-quarter numbers and finished the year about where we expected...  Western Union produced more than $900 million in free cash flow, most of which was returned to shareholders, as it repurchased $727 million of its undervalued shares.

WU is up 7% on the day, but still really cheap. Will money keep moving around the world from big markets to poorer countries? You betcha, and WU is the one safe way to get it there if you're not rich.

WU HOO!