Floyd T. Craven Investment Club of High Point University

The Floyd T. Craven Investment Club at High Point University was created in 1998.  It was funded with a $100,000 gift from HPU alumnus James E. Foscue in honor of his accountant, Floyd T. Craven, also an alumnus of HPU.

Purpose
The Floyd T. Craven Investment Club exists to educate undergraduate students in areas of finance and investment analysis.  It provides students at High Point University with the opportunity to invest university dollars in the stock market under the guidance of professors of finance in the university's Phillips School of Business.

Organizational Oversight
The activities of the Craven Investment Club are monitored by a Steering Committee.  It reviews investment decisions made by the club on a semiannual basis and makes appropriate recommendations based upon the presentation by the Student Investment Board.

Membership
Faculty Members: Faculty who teach finance and investment analysis within the Phillips School of Business will advise and train members of the Craven Investment Club. Student Investment Board Members: The Student Investment Board of the Craven Investment Club, subject to oversight by the Steering Committee, will make the investment decisions.  The Student Investment Board consists of not fewer than five members nor more than 20 members.  While the majority of members come from the School of Business, it is open to all interested students on campus.

Financial Control
All proceeds from investments will remain in the university fund and be reinvested by future members of the Craven Investment Club.  Under no circumstances will club funds and personal funds be co-mingled for investment purposes.  The funds of the Craven Investment Club shall be subject to internal and external audits conducted annually by or for the Office of Financial Affairs at the university.

Our Mission Statement
The Floyd T. Craven Investment Club seeks to create a portfolio that focuses on long-term capital appreciation.  Current income is secondary.  The portfolio invests in domestic equity securities selected on a value basis.  Equities are sought that trade at prices lower than their intrinsic value.

The managers of the portfolio concentrate on three types of companies:

1. A company that is financially sound and sells at low valuations.
2. A company that maintains a consistent growth rate.
3. A company that experiences rapid growth but is expected to follow a more systematic growth pattern in the future. Club Activities 1. Semiannual luncheon and presentation. 2. Visit the Federal Reserve in Charlotte, N.C. 3. Visit the New York Stock Exchange in New York City.
4. Financial guest speakers