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Harry Potter Mania

It was Harry Potter mania which has engulfed world forced me to come out of my summer hibernation and start writing on my blog again. I also went with Yash and Isha to buy final installment of Harry Potter series book. I must admit that it went just for the fun and till now have seen only movies (not read the first 6 books). I started reading the book and the plot is really interesting.
We saw hindi movie called "Partner". It is loosely based on Will Smith movie Hitch with all ususal bollywood masala. All of us did liked the movie - nice dance numbers at exotic locations and good comedy. If you are into bollywood movies, I do recommend this movie.
In last 6 weeks, I was more active on contributing articles to SeekingAlpha site. In fact couple of my articles did got published (editors of this site decide which ones to publish). Check them out:

1. Six reasons Yahoo should buy Joost

http://internet.seekingalpha.com/article/39271

2. Seven Reasons Why ICICI Bank is a Better Investment Than Blackstone

http://financial.seekingalpha.com/article/39418

My model portfolio is doing very good and in fact it is already on track to meet my objective of beating S&P by at least 2%. As of 6/30/07, returns was 10% as against 7% for S&P. Till then, it had done even better with YTD returns of 14.6% (compared to 7% for S&P). The portfolio's overweight on international markets and investment in FSESX were two major factors for this performance and I am sure it will continue to do better.

Quick update on India recommendations:

1. Aptech is at 360
2. Teledata is at 68
3. My latest recommendation of Zee News doubled last week trading at 71

My new India recommendation is RS Software at Rs 43. Is is very niche software company and in recent weeks it got penalized due to rupee appreciation and some company specific factors. Company have allocated warrants to current majority holders to buy stock at Rs 66. My target price for RS software is 87 by Dec 31, 2008 generating returns of over 100% in less than 18 months

Comments

poorna_dr said…
Since the Software companies (In India)outlook is somewhat doubtful in the wake of improved rupee and Indian wages, i was wondering about your reason behind suggesting RS software.
7:04 AM
Raju-Seetha said…
Ramana,
I think, people who have indepth knowledhe of that Systems can only see the opportunity and growth. Its truly a good company working in a very good area.
10:58 AM
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