SEPTEMBER MEETING MINUTES

MONI Meeting Minutes 9/8/07

Meeting was called to order at 10:18am. Elenie made a motion to accept minutes from last month; Eve made a 2nd motion, all in favor.

Previous visitors Linda Klein and Diana Valentine were unable to make the meeting but would like to return again.

Treasurer’s Report:
We’ve earned $74.43 in dividends from Lowes, AT&T, and Polymedica and earned $19.92 in interest, totaling $94.35.
As of 9/8/07 we have $808.92 in cash for trading, $136.32 in petty cash.

There’s new software we’re interested in trying out. Eve has links on our blog to our live portfolio. Cool!


As of 9/7/07
Cash (PC and held by broker) $ 945.24
Securities Market Value 67,475.26
Total cash & stock $ 68,420.50


Stock Info: (as of 8/10/07)
STOCK PRICE P/E RATIO 52WK Hi/Lo Reported by
AMGEN 50.90 14.63 77.00/48.30 Katie
ATT 24.12 n/a 25.90/21.90 Julie
BAC 49.02 10.02 55.08/46.52 Debra
BBBY 32.77 15.46 43.32/32.46 Elenie
CRNT 16.46 n/a 18.60/4.00 Dee
HET 86.03 28.11 86.80/60.90 Suzette
INTC 25.47 25.99 26.52/18.75 Jan
LOW 29.43 14.64 35.74/25.98 Cheri
PEP 67.98 19.10 76.25/61.15 Katie **
PLMD 51.86 30.89 51.99/35.82 Debra
TEVA 43.39 61.11 44.31/30.33 Elenie
TM 113.30 13.05 138.00/105.00 Carla

**will be assigned to Roma

Stock Reports:
AMGN – Lobbied the FDA to re-evaluate labeling for anemia drugs. S&P still ranks it great. 12,000 staff layoffs, and they may have to further downsize. Maybe they’re in the middle of a bad news cycle. They’ve got diabetes drugs down the pipeline, but Aranesp and Epogen are their biggies. Their meeting is Tuesday 9/11. SELL (partial??)

ATT – Eve passed out information on preferred stock (which is what our AT&T stock is.) The call date on AT&T is around 2012.

BAC – Income statement was better than last quarter. They paid $140million to lobbyists. On Motley Fool’s top 10 stocks. They do have exposure to credit card debt issue. Having more of a presence in China—lending to Chinese to build. New executive is Silverstein from the bay area. They may bail out Countrywide, paying them $18/share. Soooo much news….HOLD

BBBY – Boring….not going to make us cash rich, too slow growing. 5 year plan is steady but slow growth. 12 month target price is $47. HOLD or SELL

CRNT-- No news. No target price available. Should we sell and take the profit? SELL

HET -- Should be another dividend paid before the deal is closed (stock buyout), which should happen before the end of the year or by Feb 2008. Harrah’s announced last month a partnership with AEG (owner of Staples among many other venues) to build a $500m 20,000 seat sports arena east of Bally’s and Paris. This is intended to transform the area of Flamingo Road and Las Vegas Blvd. into a major community centerpiece. (HET owns Flamingo and Harrah’s that are right there.) HOLD

INTC – No report ☹ Tech stocks are sizzly hot again.

LOW -- Not much happening. Sold $1.3billion in debt in the form of notes, proceeds are to finance the repurchase of stock…so will there be a buyback? HOLD or SELL?

PEP -- 3rd Quarter earnings to be reported on 10/11. In Southeast Asia, Pepsi is tied with Santori, which is privately held. Introducing diet Gatorade (yuck) and diet Propel (double yuck) in early 2008. HOLD

PLMD -- It’s getting bought out by Medco at $53/share at the end of the year. Medco is cash rich, baby. HOLD

TEVA – (Tev – uh) S&P recommends it as a BUY. 12-month target price is $51. Revenue has doubled every 2 years. Low volatility, medium risk. HOLD or BUY

TM – No report ☹

Other Talk:
Don’t forget to set yourself up a GMAIL account so you can blog with all the cool kids.

We discussed selling AMGN, BBBY, and CRNT, and buy more INTC
• Dee motioned to put a stop limit order at $14.00/share to sell all 100 shares CRNT, Deb seconded, all in favor.
• Elenie motioned to sell 75 shares AMGN. Deb motioned to sell 100 shares AMGN, Bonnie seconded, 5 in favor, motion passed.
• Deb motioned to sell all 100 shares BBBY, Cheri seconded, all in favor.
• Deb motioned to buy 100 shares INTC, Dee seconded, all in favor.

Elenie made a motion to vote in new member Roma Maffia, Eve seconded, all in favor.
Food Queen is Julie and Coffee Princess is Cheri.
Meeting adjourned at 11:48am