Published on March 24, 2004 at 6 p.m. by Sean Flynt  

The Lakeshore Investment Association at Â鶹¹û¶³, celebrating its 40th anniversary this year, was featured on a CNBC broadcast on Friday, March 26. The association, comprised mainly of current and former Â鶹¹û¶³ 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 Â鶹¹û¶³ 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, Â鶹¹û¶³ 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, Â鶹¹û¶³ 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. Ranked among U.S. News & World Report’s 35 Most Beautiful College Campuses, Â鶹¹û¶³ fields 17 athletic teams that compete in the tradition-rich Southern Conference and boasts one of the highest scores in the nation for its 97% Graduation Success Rate among all NCAA Division I schools.