Vedanta Resources

It is almost Easter and life has been hectic!

I have had no chance to think about selling GOOG, which is probably a good thing as the SP keeps drifting up.

Vedanta looks a favourite to replace GOOG - It is on a forward PE of about 16 but EPS could grow 80% in 2006. Obviously if aluminium or copper prices plummet then so will the SP but with all the industrial growth in India and China I see no reason why they should.

Dana Resources looks nice as well as its 2005 figures were based on an average oil price of $43. As the price is now nearer $70 Dana should show a very healthy 2006 growth based on the oil price alone. And their trailing PE is only 13!

That is all from me. Happy Easter!