CTCOLIC February 2005 Meeting Minutes
Minutes of meeting of CTCOLIC 2/22/05
Attendance:
Jason proxy for Bill
Karen proxy for Randy
Brian
Bill
Avi
Motion made and passed to accept minutes and treasurer reports.
Old business:
Checking on getting club paperwork back from Janie
Re-assigned stock watching of PFE to Karen
Brief updates on BBY and BBBY
Education Topic:
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
as follows:
"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
consent".
A thank you was given to Dan Abraham at IClub Central for making available
the treasurer's software for the study calculations.
New business:
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.