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 6,101 students from 45 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 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.