Diversity Investment Group Minutes of the Meeting

In Attendance:
Vreni Luden, Mike Wall, Marcia Ratka, David Jones, Larry Corse, Tom Saunders, Ron Kozak, Andy Bain, Russ Douglas, David Robinson.

Members Not In Attendance:
Roger Drury, Peter Carnell, Holly Deveny, Steve Shockley, Brian Alexander, John Brock, Todd Fibus, David Brodeur

Guests:
Jane Stretch, Gerald Willis, Sandi Walton, Brian Theuret, Mary Ann Huggard, Gene Battles, John Pisaro (4th meeting).

Moments of Inspiration:
Mike Wall shared his experience from The Money Show… attended last month in San Francisco.

The minutes were approved for last month.

Checks were received from all members.

Tom reviewed the valuation statement. $2,097 to spend tonight. Tom reviewed the Current Holdings spreadsheet and passed around the Etrade statement. Total amount collected: $1,515.

Presentations tonight: Larry Corse. Presentations October: Ron and Todd.

Andy reviewed the DIG Board. Members shared their straw votes for investments.

Motion to spend all of tonight's funds on Tyco was approved.

Larry presented Concord EFS, an EFT (Electronic Fund Transfer) network, consisting of ATMs, etc.
Hist. Rev Growth: 68.8%
Est. Future Rev. Growth: 20%.
Hist EPS Growth: 58.9%
Est. Future EPS Growth: 20.1%.
Current price of $52.75 is a HOLD.
BUY up to $40.30.
It may fall back into the buy zone again in the future.

David Jones presented a review of Microsoft's and Adobe's financial statements.
Don't just look at the bottom line. Review income carefully. What is real income? What is rate of increase in future?
David recommends we look at operating income as it has fewer fluctuations.
There are two key indices to consider:
-Percent revenue increase
-Increase on operating income.

Andy presented Holly's packet on pharmaceutical companies/medical supplies industry. Reviewed their SSGs and Value Lines. For the average P/E ratio…it is good to have yours match value line's pretty closely.

Next meeting: Oct. 3rd.

Meeting adjourned.

Minutes respectfully submitted by David Robinson

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