|
|
|
The meeting was called to order by our president, David Brodeur at 7:15 PM. the following members were in attendance: Andy B, John B, D Brodeur, Peter C, Holly D, Russ D, Todd F, Ron K, Tom S, Steve S, Mike W. The following were absent: Brian A, L Corse, Roger D, David J. David B recieved proxy's from Larry, Ron and David J.
Guests were: Vreni Ludin & Xavier Menagier
Tom S gave the Treasurer's report. The Cash on hand is $1300.30. The value of each unit is $24.126. Adobe had a 2 for 1 split. Randy Wilbur has resigned and we will need to buy him our in December with the approximate cost of $5578.
There will be a SSG on paper class at David B's home on Thursday, 11/16/2000 at 7:30PM.
The Audit committee will consist of John B, Andy B, Tom S, David B and Holly D.
The following members will give presentations in December: Andy B, Brian A, Roger D. In January Vreni and David B will give stock presentations.
Russ D gave a SSG presentation on Alcoa. It is currently not in the buy zone. Alcoa is a cyclical stock and hard to accurately evaluate.
John B gave an updated SSG presentation on ADC Telecom. ADC has recently come down in price and is in the Buy zone. The Club will be keeping a close eye on ADC for possible future purchase.
The club will need to either sell a stock or each member will need to contribute more so that we will have sufficient cash to pay off Randy. Extensive discussion occurred on Gillette, Clayton and Marriott as it relates to selling to generate revenue.
A motion was made to sell Clayton. Motion PASSED.
A motion was made to sell Gillette. Motion was DEFEATED.
The meeting was adjourned at 9 PM
Respectfully,
Holly Deveny
Temporary Secretary
Suggestions or comments? Write DIGnet@mindspring.com.
Return to the Minutes Index
Return to home page of Diversity Investment Group
Atlanta, Georgia, USA | DIGnet@mindspring.com