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In Attendance:
John Brock, David Brodeur, Mike Wall, Holly Deveny, Todd Fibus,
Russ Douglas, Tom Saunders, Vreni Luden, Peter Carnell, Ron Kozak,
Andy Bain, David Jones, David Robinson.
Not in Attendance:
Larry Corse, Roger Drury, Marcia Ratka, Steve Shockley.
Brian's payout due in December due to his resignation.
Minutes were approved as amended for corrected attendance record.
Tom reviewed the valuation statement
$510 is the amount due to Brian Alexander.
We have approximately $1,400 to spend this evening.
VP Corner:
Holly advised that Russ and Andy would be presenting tonight.
Presenters for December: David B., David R., Vreni and Tom.
January presenters: Peter and Steve.
David B reviewed our portfolio diversification:
By market cap….
3% cash
11% Small Caps
86% Large Caps
…and by sectors (according to Yahoo):
Technology: 25%
Diversified Manufacturing: 8%
Health: 31%
Finance: 16%
Services: 20%
David also reviewed what is expected for analyst reports. The average P/E is what you are estimating for the next 5 years….your best guess. This is your line 8 on the SSG…what YOU are anticipating.
DIG members submitted their straw polls for stock purchases.
Motion to by Adobe was approved…an approximate $1,715 purchase.
Russ presented Flextronics. They provide advanced contract manufacturing services (in communications, computer and medical industries.) They make product parts for other well known companies such as Motorola, Palm, etc.
Hist. Rev growth: 82.9%
Hist. EPS growth: 37.4%
Est. Future Rev growth: 15.2%
Est Future EPS growth: 15.2%
Current price of $18.28 is a BUY. Buy up to $25.03.
Andy presented Noble Drilling….a growth company. They
provide off shore contract drilling for oil or gas.
Hist Rev growth: 21.7%
Hist EPS growth: 22.3%
Est. Future Rev Growth: 11.5% (V/L)
Est. Future EPS Growth: 18.0% (V/L)
Current price of $29.55 is a BUY. Buy up to $33.11.
Meeting adjourned.
Minutes submitted by: David Robinson
If you have questions or comments, write to: DIGnet@mindspring.com.
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