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Minutes for August 21, 2017

M

Ed & Pat Brame’s

632 Chatas Court

Lake Mary, FL 32746

Call to Order: VP Carolyn Achenbach called the meeting to order at 7:43

Charlie held the proxy for Henry, Pat held the proxy for Sam, and Carolyn held the proxy for John.

Approval of Minutes:

The minutes of the July 17, meeting were approved.

Report of the Treasurer: Transaction Statement

·  Cash in Broker: $ 1,606.55

·  Club Valuation: $ 186,010.10

·  Cash and Reinvested Distributions: $432.43

o  General Electric 36.00

o  First Trust Pref Security 7.63

o  Bristol Myers Squibb 19.50

o  ATT 98.00

o  Verizon 115.50

o  CVS Health Corp 25.00

o  ABBVIE Inc 64.00

o  Abbot Lab 13.25

o  Apple 53.55

·  Unit value: $25.65

·  Spin off from Bright house Financial of 9 shares with cash of $5.30 and LTCG of 2.27

Portfolio recap 8/21/17 (at end)

Monthly change of over $1300 despite less than favorable results in the market. Next month we will receive over $500 in dividends. Only 4 stocks are running negative.

EDUCATION SESSION

UAIC Template Review – Continued review of the UAIC Template focusing this month on Technical Analysis using the Relative Strength Index (RSI). Reviewed the Fidelity article on "RSI Trends". Partners were asked to read the “Relative Strength Indicator Guide" and review the "Southern Company Chart" example. The consensus is that this tool tends to confirm the information provided by other tools.

Monitored Stock Updates:

Partner / Stocks / Comments
Jim / ORAN / No significant news
ABBV / Good news is that they just got approved for a new drug to treat Hep C helping to lessen the dependence on only having one major drug.
FPE / No significant news
Pat / SO / Not doing great, but pays a good dividend. Hold for now
JCI / Hold for now. Up this week
TGT / Up a little. Would consider selling if it hits its one year target, but hold for now. Making several changes that are helping
Carolyn / ABT / No significant news
TDIV / No significant news
WFC / Back in the news for questionable ethics. We should consider selling.
BMY / No significant news
Sue / CVS / Recently earned reaccreditation in Community Pharmacy from URAC.
WM / Continues to perform well with solid projections going forward.
HCN / No significant news
Henry / MET / Neutral at 5.3. Just passed 8/3 ex-div date and will pay $0.40/share on 9/13. Other than spinoff of Brighthouse Financial, no significant news. NET asset value declined with spin off. Continue to hold. New high low 50/45
AMAT / Very bullish at 9.6. Shares closed up on Friday $1.18 or 2.5% and beat quarterly revenue and profits expectations on upbeat memory chip and display markets. No change in H/L.
BHF / Still limited data due to recent spinoff. As this is a financial stock it will track with that sector. Most analysts are initiating coverage with a hold or equal weight recommendation. It is recommended that we continue to hold this stock with consideration in the future to add another 49 shares. No change in H/L.
Sam / MSFT / Neutral at 4.2. Just passed 8/15 ex-div date and will pay $0.39/share on 9/14. Only news of interest is Bill Gates donating 4.7 billion in stock to his foundation. Continue to hold.
Duke / Neutral at 3.4. Just passed 8/16 ex-div date and will pay $0.89/share on 9/18. Bringing smart meters to KT customers, giving them more control of their energy use and bill payment options. Bought 24.9 MW solar project in NY. Continue to hold.
John / LMT / No report
PEP / No report
ADP / No report
Ed / AAPL / Just started an Apple TV to compete with Spotify (music and video) and eventually Netflix etc. It will move them into a service focused business.
DVY / Good stock
ATT / Good dividends although flat
VZ / Good dividends
Charlie / GE / Projection that the stock will have a strong second half of 2018.
HON / Nothing new
VYM / Nothing new

New Business: Charlie and Jim traded dates for hosting meeting (see below).

We agreed to sell all of Wells Fargo at market. Pat will initiate this transaction. As a result we will have almost $8,000 to invest. Ed mentioned FYI that he is looking at Raytheon.

Next Meeting

Sept 18, 2017
Charlie (no) / Oct 16, 2017
John(meal) / Nov 20, 2017
Jim (no meal) / Dec 2017
No meeting / Jan. 15, 2018
Carolyn (meal) / Feb. 19, 2018
Sue (no)
Mar. 19, 2018
Scarfo’s (meal) / April 16, 2018 Brame’s (no) / May 21, 2018 Jim’s (meal) / June 18, 2018
John (no) / July 16, 2018
Charlie (Meal) / Aug. 20, 2018
Carolyn (no)

Adjournment: The meeting adjourned at 8:40 PM.

Carolyn for Henry Scarfo, President Sue Easton, Secretary

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* / ** / *** / **** / ****
Purch. Price / Shares / Total cost / Today's Price / Today's Value / Monthly change / Total change / Change % / Ann. Div. / Posted Yield / UAIC Yield / High Limit / Low Limit / Monitor / % of Total / Sep. Divs.
Cash ------> / $1,693.55 / 0.9%
AAPL / $97.97 / 85 / $8,358 / $157.21 / $13,362.85 / $650.25 / $5,005 / 59.89% / $214 / 1.60% / 2.57% / $160 / $145 / Ed / 7.2% / $0.00
ABBV / $60.82 / 100 / $6,101 / $70.70 / $7,070.00 / $203.00 / $969 / 15.87% / $256 / 3.62% / 4.21% / $78 / $61 / Jim / 3.8% / $0.00
ABT / $42.77 / 50 / $2,148 / $48.88 / $2,444.00 / $6.00 / $296 / 13.75% / $53 / 2.17% / 2.48% / $53 / $43 / Carlyn / 1.3% / $0.00
ADP / $67.14 / 200 / $13,467 / $102.89 / $20,578.00 / $238.00 / $7,111 / 52.80% / $456 / 2.22% / 3.40% / 115 / $95 / John / 11.0% / $0.00
AMAT / $37.80 / 50 / $1,897 / $43.31 / $2,165.50 / $142.00 / $268 / 14.14% / $20 / 0.92% / 1.06% / $46 / $39 / Henry / 1.2% / $5.00
BHF / $43.87 / 9 / $399 / $56.86 / $511.74 / $113 / 28.28% / $0 / 0.00% / 0.00% / $60 / $50 / Henry / 0.3% / $0.00
BMY / $56.66 / 50 / $2,843 / $56.64 / $2,832.00 / $92.50 / $11 / -0.39% / $78 / 2.75% / 2.75% / $62 / $52 / Carlyn / 1.5% / $0.00
CVS / $82.43 / 50 / $4,132 / $77.64 / $3,882.00 / $31.00 / $250 / -6.05% / $100 / 2.58% / 2.43% / $85 / $75 / Sue / 2.1% / $0.00
DUK / $50.06 / 100 / $5,026 / $86.58 / $8,658.00 / $250.00 / $3,632 / 72.26% / $356 / 4.11% / 7.11% / $89 / $65 / Sam / 4.6% / $0.00
DVY / $73.12 / 100 / $7,332 / $90.95 / $9,095.00 / $121.00 / $1,763 / 24.05% / $284 / 3.12% / 3.88% / $100 / $90 / Ed / 4.9% / $71.00
FPE / $19.00 / 100 / $1,910 / $20.13 / $2,013.00 / $5.00 / $103 / 5.39% / $36 / 1.79% / 1.89% / $21 / $18 / Jim / 1.1% / $9.00
GE / $20.01 / 150 / $3,021 / $24.49 / $3,673.50 / $348.00 / $652 / 21.58% / $144 / 3.92% / 4.80% / $35 / $28 / Chas / 2.0% / $0.00
HCN / $68.04 / 100 / $6,824 / $71.98 / $7,198.00 / $0.00 / $374 / 5.48% / $348 / 4.83% / 5.11% / $80 / $70 / Sue / 3.9% / $0.00
HON / $84.93 / 75 / $6,389 / $135.57 / $10,167.75 / $21.00 / $3,778 / 59.13% / $200 / 1.96% / 3.13% / $140 / $125 / Chas / 5.5% / $49.88
JCI / $37.54 / 75 / $2,836 / $38.27 / $2,870.25 / $438.00 / $34 / 1.21% / $75 / 2.61% / 2.66% / $55 / $40 / Pat / 1.5% / $0.00
LMT / $94.80 / 75 / $7,140 / $301.88 / $22,641.00 / 1000.50 / $15,501 / 217.09 / $546 / 2.41% / 7.68% / $300 / $260 / John / 12.1% / $136.50
MET / $36.22 / 100 / $3,641 / $46.68 / $4,668.00 / $865.00 / $1,027 / 28.19% / $160 / 3.43% / 4.42% / $57 / $50 / Henry / 2.5% / $40.00
MSFT / $28.97 / 100 / $2,917 / $72.15 / $7,215.00 / $120.00 / $4,298 / 147.34 / $156 / 2.16% / 5.38% / $75 / $68 / Sam / 3.9% / $39.00
ORAN / $14.81 / 275 / $4,083 / $16.78 / $4,614.50 / $55.00 / $532 / 13.02% / $118 / 2.55% / 2.89% / $19 / $14 / Jim / 2.5% / $0.00
PEP / $56.82 / 50 / $2,861 / $118.26 / $5,913.00 / $166.00 / $3,052 / 106.66 / $161 / 2.72% / 5.67% / $125 / $100 / John / 3.2% / $40.25
SO / $40.47 / 150 / $6,100 / $48.29 / $7,243.50 / $186.00 / $1,143 / 18.74% / $348 / 4.80% / 5.73% / $55 / $46 / Pat / 3.9% / $87.00
T / $34.91 / 200 / $7,012 / $37.58 / $7,516.00 / $240.00 / $504 / 7.18% / $392 / 5.22% / 5.61% / $40 / $34 / Ed / 4.0% / $0.00
TDIV / $27.72 / 100 / $2,782 / $31.20 / $3,120.00 / $68.00 / $338 / 12.15% / $62 / 1.99% / 2.24% / $40 / $30 / Carlyn / 1.7% / $15.50
TGT / $81.33 / 50 / $4,076 / $56.56 / $2,828.00 / $140.00 / $1,248 / -30.63% / $124 / 4.38% / 3.05% / $57 / $50 / Pat / 1.5% / $31.00
VYM / $68.79 / 50 / $3,449 / $78.16 / $3,908.00 / $32.00 / $459 / 13.30% / $112 / 2.87% / 3.26% / $85 / $75 / Chas / 2.1% / $28.00
VZ / $37.13 / 200 / $7,455 / $48.14 / $9,628.00 / $894.00 / $2,173 / 29.14% / $462 / 4.80% / 6.22% / $52 / $42 / Ed / 5.2% / $0.00
WFC / $54.12 / 100 / $5,432 / $51.82 / $5,182.00 / $288.00 / $250 / -4.60% / $152 / 2.93% / 2.81% / $62 / $52 / Carlyn / 2.8% / $38.00
WM / $52.01 / 50 / $2,610 / $75.54 / $3,777.00 / $52.00 / $1,167 / 44.69% / $102 / 2.70% / 3.92% / $80 / $70 / Sue / 2.0% / $0.00
Equity values −------−−−−−−−−> / 184,775.59 / 1,340.25 / $52,530 / $4,737 / 2.96% / 3.93% / 100% / $590.13
Value including cash ------> / 186,469.14
Cash available after next meeting ---> / $2,293.55 / 2017 Monthly Performance
* Per share price without fees / Jan / 171,616 / Apr / $181,200 / Jul / $189,199 / Oct
** From Valuation Statement, includes purchase fee(s) / Feb / 178,132 / May / $184,557 / Aug / $186,469 / Nov
*** Since last meeting / ` / Mar / 180,157 / Jun / $181,881 / Sep / Dec
**** increase/decrease excluding dividends / Final / 2015 $143,789 - 2016 $171,566