Meeting Minutes

11.7.2004


Attendees: Nicholas Sarwark, Leroy Cain, Gerald McClurg, Lynn Shniper, Derek Pomery, Jacob Aaronson (proxy)
20:16 - 21:15 November 7, 2004
Quorum
It was determined that more than 50% of the members were present, constituting a quorum.

Treasurer's Report
We currently have $5320 in securities and $157 in cash.
In October we received $.77 from DIA, $0.64 LOW, and $.02 interest on our credit balance.
Total dividends year-to-date: $42.82.

Stock Presentations
Leroy presented a review of Netflix (NFLX)
A lot of other companies are moving into the space. Netflix dropped their monthly fee to retain customers. These two factors depressed the stock price.
The three-year sales rating is 88%. Netflix signed a deal with TiVo.
Bottom line: No recommendation. Hold.
Next Meeting
The next meeting will be held on January 9, 2005 at Jerry's place.

Action Items
Leroy to research Netflix.
Lynn to research Independence Air.