Diversity Investment Group Minutes of the Meeting

January 7, 2004

In attendance: Andy Bain, David Brodeur, Larry Corse, Russ Douglas, Todd Fibus, Ron Kozak, David Robinson, Tom Saunders, Satish Shah.

Absent: Holly Deveny, Roger Drury, David Jones, Vreni Ludin, Jennifer Mullins.

Guests: Caroline Clark, Belle Kumsaitong, Duc Ngo.

Minutes from the December meeting were approved.

Tom Saunders presented the treasurer’s report.  The unit valuation as of 12/31/03 was $21.15.  The money on hand to invest tonight is $1,549.  Expenses of $103 for tax software and support were approved.  $1480 will be available for investing in February.  Audit Committee will meet at 5:45 p.m. on February 4^th before the regular meeting that evening. 

David Brodeur presented the DIG Board.

Members were canvassed about the stocks they were interested in investing tonight. After discussion, a motion was made to invest all of the $1549 in AFLAC.  The motion carried. 

Presentations:

David Brodeur presented Constellation Brands, a large producer and supplier of inexpensive wines, liquors, and beers.  In spite of the company’s leveraged balanced sheet, the company has much to recommend it.

Andy Bain presented an SSG for Harley-Davidson that had been prepared by Holly.

Andy also re-presented several retail companies he discussed last month.  Bed, Bath, and Beyond and Best Buy seem to be good stock for us to consider.

David Brodeur was asked to place on our Watch List the following companies:

Harley- Davidson
Bed, Bath, and Beyond
Constellation Brands
Best Buy
Walgreens

Meeting was adjourned.

Next meeting February 4th, 2004

Minutes submitted by Larry Corse for Russ Douglas

Suggestions or comments? Write DIGnet@mindspring.com.

Return to the Minutes Index

Return to home page of Diversity Investment Group