Rivercity Partnership

September Meeting Minutes – Nichol’s

Sept 26, 2003

 

 

Present -                  Schaffers, Hills, Tom, Carol, Stu, Nichols.

 

Treasurers Report

1.                Reviewed financials.  $790.00 in bank, $34.32 in brokerage.

2.                Checks collected from all.

 

Old Business -           

       1.    

                          

New Business –

 

1.                Reviewed TRB issues raised in series of emails the previous week.  Due to increasing stock price it was decided to hold off.  Questions was raised concerning placement of stop-losses on major portfolio stocks

2.                Reviewed other stocks performance.

3.                Completed DIS SSG training.  Consensus was that the club was not interested in the stock.  It was in the hold zone and was not performing that well.

4.                Motion was offered and approved to buy 10 shares of Kohl’s (KSS) at current market price.  $54.20 at meeting.

5.                October/November meeting is at Schaffer’s on Nov 7.  This is a combined meeting for October and November.  The President suggested this be called our Ocnober meeting (he wasn’t elected because he’s funny).

6.                Tom will update Cisco SSG for next meeting.  Jim will do SSG on MCI.

7.                For Carol and Stu, the address for Schaffer’s is 6217 S. 165th Ave in the Mission Ridge subdivision (there are a lot of Mission subdivisions around here so pay attention).

8.                Decembers meeting is Dec 8th.  Location TBD.  Connie is going to make some calls.