For 2001, the club had a realized loss of $12.26. This was based on returned check fees of $25 and interest and dividends of $12.74.
Total cost basis is $2,707.47. Market value is $2,694.13, $322.38 of which is in cash. We have an unrealized loss of $13.34.
On 2/11/02 we bought 16 shares of Lowes (NYSE:LOW) at $45.72 per share, plus a $14.95 commission, for a total basis of $746.47.
Esther is going to present on McCormick (NYSE:MKC) next meeting.
Removal of Partner
Sabre has been informed of his removal.
The next meeting will be held on April 14, 2002 at Nick's house.
Derek to get forms to Sabre for 2001 taxes, and bring to next meeting.
Esther to prepare a worksheet on McCormick for the next meeting.
Esther to remind everyone 48 hours prior to the next meeting.
Nick to bring partnership addendum for Irma Varvounis.