Posted by Sean Flynt on 2004-03-25
The Lakeshore Investment Association at Samford University, celebrating its 40th anniversary this year, was featured on a CNBC broadcast on Friday, March 26. The association, comprised mainly of current and former Samford faculty, was recently recognized as one of the top-performing investment clubs in the nation. Its ten members, averaging 60 years of age, invest in 25 stocks and tend a portfolio worth approximately $700,000. Retired Samford professors Ruric Wheeler (the association’s president) and Leven Hazelgrove participated in a live interview on the CNBC program. "Because we keep good stocks for a very long time," Wheeler said, "we’ve realized an average cost-to-value growth of 313% over the life of our holdings."
Samford is a leading Christian university offering undergraduate programs grounded in the liberal arts with an array of nationally recognized graduate and professional schools. Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. The Wall Street Journal ranks Samford 1st nationally for student engagement and U.S. News & World Report ranks Samford 37th in the nation for best undergraduate teaching and 97th nationally for best value. Samford enrolls 5,758 students from 48 states and 22 countries in its 10 academic schools: arts, arts and sciences, business, divinity, education, health professions, law, nursing, pharmacy and public health. Samford fields 17 athletic teams that compete in the tradition-rich Southern Conference, and ranks 3rd nationally for its Graduation Success Rate among all NCAA Division I schools.