Cincinnati Model Investment Club (CinMIC) Agenda for Sat., October 18th, 2014

West Chester Library—9363 Centre Pointe Drive, West Chester, OH 45069

See website www.BetterInvesting.org/okitri for directions to location.

9:45 – 11:45AM – Room C

9:45 Call to Order:	Craig Jacobsen, Presiding Co-Partner, welcome online and in person guests, request proxies. Ian to Marty.

9:46 Recording Report:	Published by Michele.

9:51 Financial Report:	Betsy Eller - Financial Report, amount available for investing

BI membership renewal

10:00 Announcements:	BI On-Line Events and Webinars, check website under Events and magazine

10:02 Committee Report: Diversification Committee report by Dene Alden. Anything further?

10:05 Old Business:	None

10:05 New Business:	Dene: Dec mtg either Board Room on Dec 13 or Room C on Dec 22.

2014 officer nominations.

Craig-Portfolio Review.

10:25 Education:	Marty, Dene, Mike Higgins: Value Line Changes

10:50 Stock Study:	Harrison-Stericycle (SRCL)

11:20 Portfolio Updates:	Please report via e-mail before meeting to allow for more time during the meeting.

If necessary, update your SSG with the new earnings and report any meaningful news and changes of judgment to your SSGs and any details; please give recommendations for BUY, HOLD or SELL.

11:230Buy/Sell Decisions

Stock FYE	Watcher	Buy	Sell	Hold	Cost Basis--from Bivio	Next Earnings :
ABT 12/31	Mike	x	$23.31	10/22
BBBY 2/24	Ed	62.67	09/23/14
CHRW 12/31	Larry	x	$55.37	10/28
CTSH 12/31	Mike	x	$46.46	11/3-7/14
DHR 12/31	Kugi	x	$45.07	10/16
ITC 12/31	Michele	x	$35.53	10/27-31
LKQ	Dene	50@25	$26.69	10/30
NVO 12/31	Ian	x	$35.14	TBA
ORCL 5/31	Jackie	x	$32.46	12/15-25
QCOM 9/29	Cliff	X 25	$67.22	11/5
SLB 12/31	Marty	x	$75.81	10/16
SWI 12/31	Dene	x	$40.96	10/28
TROW 12/31	Craig	x	80.11	10/23
UTX 12/31	Scott	x	$87.32	10/21
OLED 12/31	Michele	x	33.11	11/6
VAR 9/27	Harrison	x	$70.95	10/22
WAG 8/31	Mary	x	$35.40	10/18-22
CACC	Scott	10/28-11/3
FOSL	Gerry	11/11

Future meetings: November 15th Board Room; Dec TBD

Future stock study: November: Frank; Dec: Ian; Jan: Mary

Future education: November: Jackie; Dec: Gerry; Jan: Kugi

CinMic Portfolio Review Proposal

October 15, 2014

Statement:

I believe our recent portfolio review was too cursory. The time allotted each company was insufficient. A closer review is in order.

Action:

Form a Portfolio Review Committee to conduct an in depth review of each of our holdings

Committee Purpose:

Conduct an in depth review of each company, changing the Stock Selection Guide as needed. The study should include, but limited to, an in depth review of the company’s fundamentals as well as taking into consideration such things as the industry, competitors’ fundamentals and products. As each company review is completed a member of the Committee will conduct a 5-10 minute presentation to the club. The club will then vote to accept or not accept the Committee-completed Stock Selection Guide. Buying or selling stock of a company as a result of the review will be accomplished through our regular buy/sell motion procedure.

Committee Composition:

3 members with in depth experience in the BetterInvesting methodology.

2 members with lesser experience in the BI methodology.

The stock watcher for the company being reviewed.

Committee members would rotate every 2-3 months.

Advantages:

Studying each company in depth without the time pressures associated with our portfolio reviews in the past.

Lesser experienced club members gain experience by working alongside more experienced members.

Improve our portfolio by culling the non-performing companies.