January 2009 Newsletter           
In This Issue
Key Strategies when Dealing with Investors
Insights on the Economy
Meet Our New Team Members!
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Winter Trivia Questions 
Answers to this month's trivia questions can be found in this issue below the Quote of the Month!

1. What is the difference between sleet, hail, and freezing rain?

2. On average, one inch of rain is equivalent to how many inches of snow?

a) 2 inches
b) 10 inches
c) 5 inches
d) 1 foot

3. On what side of a building do icicles most often form?

a) North Side
b) South Side
c) East Side
d) It depends on the dew point

4) What percentage of fresh snow is composed of air?

a) 20%
b) 50%
c) 80%
d) 95%

5. What is the world record for the largest amount of snowfall in a 24-hour period?

a) 106 inches
b) 47 inches
c) 62 inches
d) 76 inches 
Quote of the Month
  "There are many ways of going forward, but only one way of standing still."

Franklin D. Roosevelt

Trivia Answers
1. Hail is a chunk or stone of ice dropped from a thunderstorm. Sleet is frozen rain or a mixture of rain and snow. Freezing rain is liquid rain that freezes to a surface such as the road or a tree.

2. b)10 inches

3. b) South Side

4. c) 80%

5. d) 76 inches, Silver Lake Colorado
 

 TheVollrathVibe 

Greetings!


Happy New Year from all of us at Vollrath Associates!  We have a new look to our newsletter for 2009 and we hope you enjoy it!
Key Strategies to Keep in Mind when Dealing with Investors
 
With stock indexes fluctuating as much as Wisconsin snow levels this month, many investors are reviewing their portfolios with an increased sense of apprehension and a growing list of inquiries.  Consequently, it is important for company executives to maintain consistent messaging when addressing investors and their questions.  A recent Thomson Rueters online article summarized these key strategies for dealing with investors:

 
      1. Prepare and review the key issues with your management
          team.  What issues are likely to be asked by investors?   
          Ask yourself the difficult questions and prepare effective
          answers.

      2. Comply with Reg FD.  Review the answers you've
          prepared.  Do they violate Reg FD?

      3. Role play - research, prepare and practice how best to
          answer questions either in front of a mirror or have your
          team videotape your comments.  Sometimes inflection
          and physical mannerisms are a "tell" for investors looking
          for any insight/edge.

      4. When meeting with investors, try to maintain your tone
          and composure.  Many investors complain that executives
          become arrogant or abusive when faced with difficult
          questions. 

      5. If pressed to answer a question which you don't have the
          answer to, or if answered, would reveal material non-public
          information, work to craft an appropriate response before
          the meeting.

      6. Don't give mixed messages to investors.  Saying different
          things to different investors will only serve to help create
          confusion, ruin your reputation and could potentially lead
          to that investor selling his shares or choosing not to invest
          in your firm.

      7. Quality of management team is a key factor for many
          investors (especially value investors) when making a
          decision to buy or sell shares.  Maintain your integrity and
          stay true to your prepared commentary.

      8. Don't lose sight of your focus.  At the end of the day,
          hopefully you enjoy your role in the company.  Don't
          forget that joy and optimism when dealing with investors
          because it can be infectious.
Insights on the Economy

jazz in the park picture The Milwaukee Rotary Club's meeting on Tuesday, January 6, featured Michael Knetter, Dean of the Wisconsin School of Business at the University of Wisconsin-Madison, speaking on the economy.  Phil Vollrath, a partner with Vollrath Associates and a Rotarian, had this to say about the discussion:
 
"Dean Knetter presented an interesting perspective comparing where we are now with where we have been over several decades in the past, demonstrating periods in which we were much worse and had much less going for us in the future. From this perspective, the situation ahead does not seem as difficult as it is when compared with 2008 alone.  I know that doesn't cause those released from jobs any solace, but the Dean highlighted areas in which improvements will occur.  He felt the new administration would end much uncertainty, and that a new perspective, with new economic advisers promising results on key initiatives like transportation and light rail, would be a motivating force for improvement.  He felt the turnaround would begin to be felt in mid-2009, but the employment picture would not improve until early 2010. He also said our automobile market could take on a new face, with the 'Big Three' largely restructured.  Dean Knetter also said that we have had the intelligence and innovation to start a country and make it prosper, and that these same forces would drive us to come up with ways to heal our ailing economy."
 
Phil would be happy to provide a copy of Dean Knetter's presentation to anyone who is interested.  To request more information, email Phil at pvollrath@vollrathpr.com.
 
Meet Our New Team Members! 
 
Hello to all of our Vollrath Vibe readers!  Our names are Brigid Perrigo and Michaela Ross, and we are two new additions to the Vollrath team!  Brigid joins us as our firm's accountant, and Michaela comes onboard as an account coordinator.  It has certainly been exciting for us to join Vollrath Associates, and we are happy to have been introduced to several of you already!  We look forward to meeting and serving all of our clients and colleagues in the future!
                                                                      ~Brigid and Michaela

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