February 2005 Meeting Minutes
Minutes of meeting of CTCOLIC 2/22/05
Jason proxy for Bill
Karen proxy for Randy
Motion made and passed to accept minutes and treasurer reports.
Checking on getting club paperwork back from Janie
Re-assigned stock watching of PFE to Karen
Brief updates on BBY and BBBY
Blue team, "How is our Selling?"
Ana analysis was made of past selling decisions, and how continuing to hold each
position would have affected our total return. Discussion of offensive/defensive
reasons for selling. Offensive selling (in an overvalued situation) should be
done via a challenge. Consider overvalued shares as AFC until a higher potential
total return candidate is offered. Defensive selling( declining fundamentals)
should be clearly defined and understood by all members. Motion made and passed
"Sell recommendations must be posted to the CTCOLIC list at least one week prior
to the meeting and contain a brief explanation of the reason for selling.
Motions submitted less than one week prior, may be passed but only by unanimous
A thank you was given to Dan Abraham at IClub Central for making available
the treasurer's software for the study calculations.
Joan withdrawal to be thought about and decided at the next meeting. Either a
transfer of appreciated stock or a cash payout is available.
Purple Team is up at bat for a portfolio review, the 2 companies to be
dissected this time are BBY and LOW.
Motion to adjourn 10:08PM EST.