Blog

Though the purchase deal is off, it looks like its oversold and I am hoping it will bounce back after they reports their earning tomorrow (Jan 30th).

Not expecting it to meet its numbers this qtr.

India's economy is expanding at a rapid +9% clip, nearly double the latest growth rate put in by the US economy. Among the handful of US funds that participate in the India market, IFN is among the top dividend payers and best long-term performers. The fund carries a rich yield of 7.2% (based on $4.89 in payouts over the past 12 months) and has produced total returns of an astounding 54% a year on average since 2002. Fueled by India's rapidly growing economy, this fund's best-performing years may still be ahead of it. And with the shares now trading at a 4% discount to the fund's actual portfolio value, now could be a great time to scoop up some. http://www.bloggingstocks.com/2007/12/31/best-stocks-for-2008-india-fund-ifn/

Activision and Vivendi Games announced plans to merge in early December in a deal valued at $18.9 billion. The new corporate entity will be called Activision Blizzard. California-based Activision's titles include "Guitar Hero," "Call of Duty" and the "Tony Hawk" series, while the Vivendi Games unit publishes "Crash Bandicoot" and owns the online role-playing franchise "World of Warcraft." Vivendi Games' Irvine, Calif.-based Blizzard Entertainment is behind the top multiplayer franchise "World of Warcraft" which the company says more than 9.3 million subscribers worldwide. Blizzard's Warcraft and Diablo series are two of the top-selling video game lines of all time.

United Rentals is the largest equipment rental firm in North America with 2007 sales near $3.8 billion. At today's $16.02 quote the P/E is just 6.3X last year's and