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."

 

 
Located in the Homewood suburb of Birmingham, Alabama, 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. Samford enrolls 6,324 students from 44 states, Puerto Rico and 16 countries in its 10 academic schools: arts, arts and sciences, business, divinity, education, health professions, law, nursing, pharmacy and public health. Samford is widely recognized as having one of the most beautiful campuses in America, featuring rolling hills, meticulously maintained grounds and Georgian-Colonial architecture. Samford fields 17 athletic teams that compete in the tradition-rich Southern Conference and ranks with the second-highest score in the nation for its 98% Graduation Success Rate among all NCAA Division I schools.