ACU students research, trade through investment group

For Immediate Release
April 12, 2000

Several students are experiencing first hand the operation of an investment company - researching, investing and trading stocks.

STAR Investment Group, which stands for Student Trading And Research, is a limited license company that allows students to study and make decisions about investments.

"It offers great, realistic experience that is hard to find in the classroom and allows the students to learn from the faculty firsthand," said Jim Litton, junior finance major from Waco.

Composed of seven students, three faculty members and one outside adviser, the group meets biweekly and votes on stock decisions. Then it actually buys stock and makes investments.

Each student is a managing director. They make investment decisions, said Dr. Jonathan Stewart, assistant professor of accounting and finance and one of the faculty members in the company.

The students also have specific offices and responsibilities. Kevin Nelson, graduate student in accounting from Sulphur Springs, serves as president. Other officers include Chad Missildine, senior finance major from Tyler, vice president; Darren Keyes, senior business administration and international studies major from Fort Worth, secretary; Luke Alverson, senior finance major from Spring, accountant; Trey Barnes, senior finance major from Houston, trader; Lucas Loafman, senior management major from Belton, trader; and Litton, investor relations.

The students divide into small groups of two or three to research specific stocks. They then present their findings and recommendations to the rest of the group. The entire group then votes on whether or not to make the investment.

"We discuss and then we vote, with everyone's vote counting equally," Stewart said. "If it goes through, we make the trade."

Part of any money the company makes will be put toward a scholarship fund for business students. Faculty members of the group are Stewart, Dr. Terry Pope, associate professor of management sciences, and Dr. Jack Griggs, Overton Faubus Professor of Business and professor of management.

STAR is in its first year and hopes to make its first actual trade sometime in April. Next year, plans are in the works to expand the company to 15 or 20 members.

Applications for next year will be available within the next month.

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Last update: April 19, 2000
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