Minutes of MicNOVA



Meeting called to order at _7:05 pm

Attendees: Phyllis Woodring, Gladys Henrikson, Kent Billmyer, Sheryl Patterson, Jo Murphy, Jerry Long, Kathy Emmons, Irina Clements, Wilbert Nixon, Steve Ingalls and Rachael Herman.

Absent: Ty Hughes, Paul O’Mara, Patricia Onufrak, Maskey Krishnarao, and Heidi O’Hara.

Visitors: 15 E-mail proxy request to secretary before meeting. Proxies: Sheryl for Paul, Kent for Heidi, Irina for Pat and Jo for Ty.

Phyllis welcomed the new & returning visitors, & explained the club’s purpose.

7:05 PM - Information Sharing, current events: Money Matters Book Discussion at Oakton Library (2nd Tuesday); Free webinars at Better Investing (Stock Study, Ticker Talk & Roundtable) BIVIO, Stock Central & Manifest Investing. See websites to register. See newsletter and list of current events for prices & details (dcregional and . AAII programs (3rd Saturday) see dcmetro for event schedules. Visitors invited to join GTM. Attendees with three consecutive meetings are invited to join MICNOVA. Current events list at .

Treasurer:

• Cash on hand $4,232.89; portfolio value $ 46,077.34 as of Nov 01, 2016 valuation; Dividends: $45.90

Secretary: Minutes: October minutes approved unanimously.

OLD & NEW BUSINESS:

• GoToMeeting: next MicNOVA GoToMeeting scheduled for Thursday 08 December at 8:15 pm.

• Post quarterly report, updated SSG, Value Line and other pertinent data a week before to club portfolio folder in BIVIO. Send email with attachments (incl ITK and PDF SSG)

• Old Business: Need all partners to sign new partnership signature page. See Sheryl.

• Education: Gladys – suggested future Education topics and sign-up sheet

• Stock Research: Kathy – RPM (RPM)

• New Business:

• Committee to study mid-size Industry Sectors with stock screeners proposed by Gladys Henrikson. Sheryl Patterson and Irina Clements are members.

• Proposal to have an online model club meeting in January or when weather does not permit a live meeting.

• Kathy proposed to switch stocks with new stock watchers.

• Motions:

• Jo made motion to buy 25 shares VISA at market. Kathy 2nd. Vote was 4 for, and 11 against (including proxies). Motion failed.

• Jo made motion to buy 10 shares VISA at market. Kathy 2nd. Vote was 12 for, and 3 against (including proxies). Motion passed.

• Irina made motion to sell all 35 shares JPM. Kathy 2nd. Vote was 14 for, and 1 against (including proxies). Motion passed.

• Irina made motion to sell all 40 shares QCOM. Kathy 2nd. Vote was 6 for, and 9 against (including proxies). Motion failed.

• Irina made motion to sell all 13 shares SAM. Gladys 2nd. Vote was 15 for (including proxies). Motion passed.

• Irina made motion to buy JLL. No 2nd. Motion failed.

Stockwatcher reports:

Ticker

Sales

EPS

PTP

ROE

debt

current PE

fair value

price

status

ABBV

17.8%

18.1%

up

up

up

19.2

$73-124

$66.77

hold

AIRM

11.0%

1.4%

up

down

down

11.3

$33.07

buy

AL

14.9%

20.0%

even

up

up

8.9

$45-60

$27.97

hold

AAPL

-14.6%

-23.2%

even

up

up

12.8

$133.00

$109.48

hold

BRK,B

6.0%

24.6%

down

up

down

14.3

$152-170

$147.72

hold

CHRW

-6.9%

6.4%

down

up

down

19.1

$67-

$70.25

hold

GNTX

10.2%

18.5%

up

up

up

14.3

$20-22

$17.25

hold

IPGP

9.2%

9.3%

up

up

up

20.7

$105-160

$94.99

hold

LKQ

30.3%

21.2%

down

even

down

21.4

$30-42

$32.52

hold

MSFT

0.4%

5.3%

down

down

up

28.2

$54-63

$59.02

hold

ORCL

1.7%

7.5%

down

down

up

18.9

$38-48

$39.70

hold

QCOM

13.3%

55.1%

down

down

up

16.8

$64.16

$66.31

hold

TROW

4.2%

20.8%

even

up

zero

16.8

$77-79

$73.23

hold

V

19.3%

27.4%

down

up

even

32.5

$76-$104

$80.59

hold

| | | | | | | | | | |

• Buys and Sells: buys and sells from this meeting will be shown in next month’s minutes.

Stockwatchers identified: Updated Dec 1, 2016: note new stockwatcher report dates & earnings dates

|

Ticker |Stock

Watcher |Bought

price |Date Bought |11.01.16price |% of portfolio |

shares |Earnings date |Quarter |Stockwatcher reports

at meeting date | |1 |ABBV |Phyllis |33.33 |01/02/13 | 58.91 |5.1% | 41 |28 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |2 |AIRM |Heidi |34.89 |06/17/16 | 29.15 |4.3% | 70 |03 Nov 2016 |Q 3 |May, Aug, Nov, Feb | |3 | AL |Sheryl |38.69 |06/19/14 | 31.72 |6.1% | 90 |03 Nov 2016 |Q 2 |May, Aug, Nov, Feb | |4 |AAPL |Irina |321.00 |06/21/11 |110.41 |8.2% | 35 |25 Oct 2016 |Q 4 |Feb, May, Aug, Nov | |5 |BRK,B |Wilbert |115.99 |01/16/14 |146.91 |7.8% | 25 |04 Nov 2016 |Q 4 |May, Aug, Nov, Feb | |6 |CHRW |Jerry |56.13 |08/16/12 |70.46 |5.5% | 37 |25 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |7 |CTSH |Patricia |60.75 |09/27/11 |54.75 |7.0% | 60 |02 Nov 2016 |Q 3 |Jun, Sep, Dec, Mar | |8 |GNTX |Kathy |28.92 |06/19/14 |16.80 |6.8% |190 |20 Oct 2016 |Q 2 |Aug, Nov, Feb, May | |9 |IPGP |Gladys |63.88 |07/17/14 |96.02 |6.1% | 30 |25 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |10 |JPM |Jo |45.02 |04/27/11 | 69.88 |5.2% | 35 |14 Oct 2016 |Q 3 |May, July, Oct, Jan | |11 |LKQ |Paul |26.45 |01/22/15 | 31.79 |6.7% |100 |27 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |12 |MSFT |Wilbert |25.44 |09/17/09 | 60.44 |6.4% | 50 |20 Oct 2016 |Q 1 |Nov, Feb, May, Aug | |13 |ORCL |Ty |29.30 |03/27/12 | 39.09 |4.1% | 50 |14 Dec 2016 |Q 1 |Jan, Apr, July, Oct | |14 |QCOM |Maskey |80.38 |12/20/12 | 68.46 |5.8% | 40 |02 Nov 2016 |Q 4 |Feb, May, Aug, Nov | |15 |SAM |Kent |223.66 |10/30/15 | 160.05 |4.4% | 13 |20 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |16 |TROW |Kathy |73.30 |09/19/13 | 64.33 |6.8% | 50 |20 Oct 2016 |Q 1 |Nov, Feb, May, Aug | |17 | V |Ty |216.11 |09/18/14 | 82.51 |3.5% | 20 |24 Oct 2016 |Q 3 |May, Aug, Nov, Feb | |We will do the Stockwatcher reports one month after the earnings come out. Morningstar updates within 2-3 days of that.

The Stockwatcher reports could be put on the calendar. ( lists the earnings dates)

NEXT ACTIONS:

1. MICNOVA Meeting: the next MicNOVA Meeting will be Thursday, 15 December at 7:00 pm

2. Stockwatchers for next month: ORCL

3. Phyllis will maintain watch list; Ty will maintain Portfolio review

4. Stock Research for next month: proposed Google and JLL.

Respectfully submitted, Sheryl Patterson

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