Archive for the 'Monthly Meeting' Category

20060417: Green Lantern Meeting Notes

Hello there,

The following are the notes for the April 2006 meeting of The Green Lantern Investment Club:


All who were supposed to attend, did attend.


We lost Marc Maurer. I repeat, we lost Marc Maurer! Sad but true. Marc has been with the club since the beginning, literally – since before it even existed and we were both coming off of our failed reading group (how come nobody likes to read monster books anymore?). Marc is being forced by "the man" (Ameriprise) to give up all of his life's loves and primary interests so that he can focus on being a financial advisor with them. Something about "conflicts of interest, blah blah blah…".

The good news? As one of Marc's newest clients, I support his total subjugation to my needs. OK, that's a joke. Obviously, Marc will be missed. We'll cash him out of petty cash as soon as I see him next using his valuation this month.

We gained a new treasurer. When Marc's departure was announced to the group, the obvious next question was who would fulfill the treasurer position. No vote was required. When I looked around the table, everyone had their eyes directed straight to the floor (for shame, all of you!) except for one brave soul – Heather. Heather will be meeting with Marc this month (and I may accompany) so that we can handoff the treasury duties. We will also have occasional access to Maurer's brain should any questions arise. He still lives down the street after all.

We voted Noah Kanter into the group. Congratulations Noah! If you are inclined to join us, we're inclined to have you.

We bought a position in NVS. You can find the research attached to a prior post in this blog.

The investment portion of the meeting:

– Heather gave a great and spirited update about Home Depot, one of our holdings. We discussed the large increases in CEO pay and decided that it is probably a good idea for us to try and get to a place as a club where we are reviewing one of our existing holdings every month. We'll take a look at our holding next month, reallocate coverage, and come up with a timeline for reviewing them.

– I presented Novartis to the group. We voted to purchase it after a healthy debate.

Next month's meeting:

– Partnership agreement review: We have several new members who have not signed partnership agreements. I will send out the agreements to these folks (and everyone else for that matter) in advance of the meeting. Please come to the table with any of your questions, suggested updates, etc. We should probably make a quick revision of these and get everyone to re-sign.

– NAIC form review: We discussed that it might be good to show the newer members some of the past types of evaluation work we have done using these forms and how they have benefited the group. We will ake a few minutes to walk through filling one of these out.

– Bob Gross is interested in presenting GM to the group. Yeah, that's right, "General Motors."

– Mark Albonizio is interested in presenting CLRK, Color Kinetics.

– I am still interested in presenting EMC to the group but it is looking like a really full month. I will try to have a presentation ready, time permitting, but am willing to wait until the following month of June to present it if that's what it comes down too…


20060320: Green Lantern Meeting Notes: The Idea Session

Hey there folks,

Here are the notes for the March meeting of Green Lantern.


Everyone who was expected to show, did show. The only active member who was not in attendance was Heather (she was in Mexico). We had Noah visiting for his second session. He has indicated interest in joining the group so we will be voting on his membership status at next meeting. We had a quorum.

Financial Condition:

– The group's portfolio was worth 22,273 at the time of the meeting
– The group held 4,444 in cash at the time of the meeting (and prior to new funds being added)

The idea session:

This meeting was about everybody bringing in their ideas to create a watchlist for the group. Here are the stocks, in no particular order, that were brought up –

– ORCL – Oracle – Dave, Noah
– AQNT – Aquantif – Dave
– SYMC – Symantec – Dave
– ADOB – Adobe – Dave
– BUD – Anheuser-Busch – Mark, Marc
– MYG – Maytag – Mark
– MLHR – Herman Miller – Mark
– OATS – Wild Oats – Mark
– WFMI – Whole Foods – Mark
– NFLX – Netflix – Noah
– IFF – Intl Flavors and Fragrance – Noah
– SCHK – Schick Techs – Noah
– IRM – Iron Mountain – Marc, Eric
– EXPD – Expeditor's Intl – Marc
– TOC – Thomson Corp – Marc
– KMP – Kinder Morgan – Marc
– SYY – Sysco – Marc
– PCL – Plum Creek Timber – Marc
– SBUX – Starbucks – Ross
– NIKE – Nike – Ross
– HANS – Hansen's – Ross
– JSDA – Jone's Soda – Ross
– AAPL – Apple Computer – Ross
– NVS – Novartis – Eric
– MSFT – Microsoft – Eric
– EMC – EMC – Eric
– DBD – Diebold – Eric

I will look for a place to put these on a tracking portfolio that we can all watch. If you have any ideas, let me know in the comments section.

The next meeting of Green Lantern is April 17th at 7PM. The known agenda for this meeting is as follows:

– Statement of Financial Condition
– New Member Vote (Noah)
– Company Updates
– Marc to present Thomson Corp (TOC)
– Eric to present Novartis (NVS) and EMC (EMC)
– ?



Green Lantern

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