Meeting Minutes

3.25.2007


Attendees: Nicholas Sarwark, Leroy Cain, Derek Pomery, Esther Whieldon, Gerald McClurg
19:50 - 21:30 March 25, 2007
Quorum
More than 50% of the members were present, so there was a quorum.

Treasurer's Report
We currently have $8,229.64 in securities and $832.91 in cash.
Since last meeting we received $2.34 in dividends from WFMI, $1.60 from LOW, $2.17 from DIA, $8.00 from HET, and $0.19 interest on our credit balance.
Proxy Votes
Unanimous vote to accept $30 per share in a private equity merger for Realogy (NYSE:H).
Unanimous vote to accept $90 per share in a private equity merger for Harrah's Entertainment (NYSE:HET).
Stock Discussion
Derek evaluated EXPD against Leroy's checklist from last meeting and it met most of the criteria, except for those that didn't apply.
Member Discussion
Derek moved to change the dues from $25/month to $30/month effective next month. Unanimous approval.
Next Meeting
April 29, 2007 at Esther Whieldon's house.

Action Items
Esther to evaluate Southwest Airlines (NYSE:LUV).
Nick to evalaute Pharmaceutical Products Development Corp. (PPDI).