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Embed code for: Investments 6-16
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EARL F. BAKER INVESTMENT CLUB
MINUTES FOR THE MEETING ON
THURSDAY, JUNE 2, 2016
President Cheney called the meeting to order at 7:10 PM.
Present: Cheney, Guenther, Hendricks, Roberts, Meganck, Pasieka
Absent: Bradbury, Hughes, Brokaw, Bliven and Benedict. Guests: Jim Worth and his guest.
President Cheney presented Jim Worth. J. Worth presented a history of the club and reviewed the present holdings. He presented charts for Apple and Gilead. Worth explained his approach for studying stocks. His is a top down system. The investment club uses a bottom up method.
Hendricks reviewed the minutes of the meeting of May 6, 2016.
Roberts reported that everyone is paid to date except Bliven, Hughes and Benedict. Those who paid more than the $30 base are listed with the total amount paid: Bradbury-$60, Brokaw-$120, Cheney-$60; Guenther-$120; Pasieka-$120.
Roberts reported we purchased 18 shares of Skyworks at $66.04 per share for a total cost of $1,188.71.
Cheney advised the report is due on Danaher. McGanck reviewed the monthly status report.Cheney reviewed miscellaneous stock information.
Roberts reported on Danaher. Revenues -9.3% Earnings 10.6% Recommendation- hold
Cheney reported on CVS. Revenues- 11.6% Earnings- 11.4% Recommendation-Hold.
It was proposed to buy: Skyworks, Visa, Gilead, Biogen It was determined to buy: Visa
The meeting adjourned at 8:50 PM.
Leonard G. Hendricks