May 23, 2007

TCU High School lnvestor Challenge Awards 12 Scholarships

They came from all across Texas and New Mexico, 33 high school seniors interested in learning how to work the stock market.  The 2007 TCU High School Investor Challenge began in June 2006 with a week-long summer program on the TCU campus. Each student began with a $1 million virtual portfolio to manage throughout their senior year in high school. They corresponded via e-college with TCU students from the Educational Investment Fund about their trades. In April, they returned to campus to present their results.

Roderick Green of Houston was the top performer with a return of 20.64 percent. Lianne Hall of Coppell was second with 19.65 percent return, and Jonathan Kasik of  Los Alamos, New Mexico, was third with 19.45 percent return on investment. The entire group of 33 averaged a return of 14.36 percent.

Barbara Wood, director of the TCU High School Investor Challenge, added: "I was very impressed with the students' presentations at the year-end banquet.  It was evident that they had learned a great deal about analyzing a firm's financial performance and its stock value. For the most part, students selected their securities based on research on the firm rather than familiarity of the company."

TCU scholarships were offered to: Justin Felkner of Dripping Springs; Noe Guevara of Fort Worth; Michael Hughens of Fort Worth; Jonathan Kasik of Los Alamos, NM; Chelsea McAnally of Carrollton; Patrick McDonald of San Antonio; Kelly Morris of Colorado City; Chris Sterling of Dallas; Andrew Tello of Katy; Victor Tsai of Arlington, Mark Tylenda of Sugar Land and Lindsey Weddel of North Richland Hills. In all, 20 of the students have applied to TCU to date. These students will also receive three hours of credit at TCU toward a Finance Seminar as a result of competing in the challenge.

"This group was very enthusiastic and showed great skill at trading, as evidenced by their end results," said Joe Lipscomb, director of the LKCM Center for Financial Studies. "We look forward to future expansion of this program considering how well these students performed."

The TCU High School Investor Challenge began four years ago with local students and expanded last year to seniors across Texas and in neighboring states. The annual event is sponsored by the Luther King Capital Management Center for Financial Studies at the Neeley School of Business.

The Neeley School of Business puts bright minds to work in a personal, connected and real environment. Personalized education and career development help students develop and succeed. Brilliant faculty, renowned executives and major corporations make powerful connections. Students do real work for real clients with real challenges. The Wall Street Journal ranks Neeley's MBA program No. 11, the highest ranked business school in Texas. BusinessWeek ranks Neeley's undergraduate program No. 33 out of 1,400. Neeley ranks No. 9 for outstanding facilities by The Princeton Review. Everything we do is geared toward forging the next generation of leaders - one unique person at a time.

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MEDIA CONTACT:
Elaine Cole
Public Relations Manager
Neeley School of Business at TCU
817-257-5724
e.cole@tcu.edu