Minutes 4/14/08

Attendance:
1) Andrew Raz
2) Joe Davis
3) Danny McBee
4) Andy McKenzie
5) Steph Dini
6) Chris Nieminski
7) Nadia Jihad
8) Matt Fixler
9) Georg Machinist
10) Brian Kim
11) Stephen Donnelly
12) Katy Mixter
13) Dan Polhamer
14) Dan Tan
15) Arjun Agarwala

Agenda:
Georg, Dan, and Drew reported back on their meeting with Cappy. Basically, Cappy agreed to help us with the grant if we produce a few research materials with the resources we have. We will take a few of the best reports we produce in the next week, put them in a prospectus with a letter from Prof. Flynn and one or two of our models, and Cappy will take this to alums. Our mock portfolio will likely run for most of next year.

We discussed using our remaining budget for capital expenses and research materials, and we are going to purchase filing cabinets, a printer, and I will look into the prices for subscriptions to the financial times, the economist, and any other relevant monthly magazine. We are also looking to start a library of related books, and a few titles were floated around.

Georg and Dan presented a brief synopsis of how to value a company, including explanations for using P/E ratios, beta, the difference between long and short, gross margin, and other finer points of yahoo finance. Other tools people should use are dealbook.blogs.nytimes.com and themarkets.com, which is a good way to get a sense of a company's position within the market, as well as market trends on the whole.

Good work/attendance, and keep up with your reports.