SHORT_NAME buyback SP500 differnce
Ticker Company Announcement Date performance performance
CC CIRCUIT CITY  1/7/03 18.9% 7.1% 11.9%
PGR PROGRESSIVE CORP 1/7/03 26.7% 7.1% 19.7%
BSC BEAR STEARNS COS 1/8/03 5.7% 5.0% 0.6%
APC ANADARKO  1/10/03 -9.0% 5.2% -14.2%
BNI BURLINGTON/SANTA FE 1/16/03 2.4% 8.0% -5.6%
BAC BANK OF AMERICA 1/22/03 12.5% 9.8% 2.7%
LEH LEHMAN BROS HLDG 1/22/02 -0.5% -13.7% 13.2%
SWY SAFEWAY INC 1/23/03 -11.1% 13.1% -24.2%
BDX BECTON DICKINSON 1/28/03 12.2% 12.7% -0.5%
CAH CARDINAL HEALTH 1/28/03 -0.3% 12.7% -13.0%
KRI KNIGHT-RIDDER 1/28/03 -2.2% 12.7% -14.9%
NFB NORTH FORK BANCORP 1/28/03 3.8% 12.7% -8.9%
AZO AUTOZONE INC 1/29/03 25.3% 15.3% 9.9%
MHP MCGRAW-HILL COS 1/29/03 2.8% 15.3% -12.5%
BF/B BROWN-FORMAN -B 2/3/03 11.7% 14.8% -3.2%
LTD LIMITED BRANDS 2/3/03 31.1% 14.8% 16.2%
SLE SARA LEE CORP 2/3/03 -8.0% 14.8% -22.8%
ALL ALLSTATE CORP 2/4/03 6.9% 15.5% -8.6%
ZMH ZIMMER HLDGS 2/4/03 21.6% 15.5% 6.2%
GD GENERAL DYNAMICS 2/5/03 20.1% 16.2% 3.9%
MAR MARRIOTT INTL-A 2/6/03 40.2% 17.4% 22.8%
QCOM QUALCOMM INC 2/11/03 -0.4% 19.0% -19.4%
SFA SCIENTIFIC ATLAN 2/12/03 125.1% 19.2% 105.9%
COL ROCKWELL COLLINS 2/14/03 22.6% 14.4% 8.1%
KMB KIMBERLY-CLARK 2/18/03 6.0% 15.3% -9.3%
TXN TEXAS INSTRUMENT 2/20/03 14.6% 14.8% -0.2%
NCC NATL CITY CORP 2/24/03 17.4% 16.2% 1.2%
CVG CONVERGYS CORP 2/25/03 41.5% 17.7% 23.8%
MO ALTRIA GROUP INC 2/26/03 3.3% 16.3% -13.1%
TMO THERMO ELECTRON 2/28/03 22.5% 16.7% 5.9%
IGT INTL GAME TECH 3/3/03 27.1% 18.5% 8.6%
DG DOLLAR GENERAL 3/14/03 46.2% 12.9% 33.3%
SCH SCHWAB (CHARLES) 3/17/03 32.7% 12.4% 20.3%
WLP WELLPOINT HEALTH 3/18/03 10.8% 11.5% -0.7%
CSCO CISCO SYSTEMS 3/19/03 24.9% 11.2% 13.6%
INTU INTUIT INC 3/24/03 10.0% 11.4% -1.4%
WOR WORTHINGTON INDS 3/24/03 16.1% 11.4% 4.7%
BUD ANHEUSER BUSCH 3/26/03 9.9% 12.2% -2.2%
FITB FIFTH THIRD BANCORP 3/27/03 4.7% 12.8% -8.1%
EOP EQUITY OFFICE PROPERTIES 3/31/03 5.8% 13.5% -7.6%
SBUX STARBUCKS CORP 3/31/03 3.1% 13.5% -10.4%
FTN FIRST TENN NATL 4/15/03 0.4% 10.7% -10.3%
RX IMS HEALTH INC 4/15/03 29.8% 10.7% 19.1%
FD FEDERATED DEPT 4/16/03 35.6% 9.0% 26.6%
NTRS NORTHERN TRUST 4/16/03 26.6% 9.0% 17.6%
ASO AMSOUTH BANCORP 4/17/03 3.9% 9.2% -5.3%
PGR PROGRESSIVE CORP 4/18/03 -1.4% 9.2% -10.6%
CVG CONVERGYS CORP 4/22/03 5.2% 6.0% -0.7%
FII FEDERATED INV-B 4/23/03 2.9% 6.9% -4.0%
ROK ROCKWELL AUTOMAT 4/25/03 13.7% 6.5% 7.2%
ZION ZIONS BANCORP 4/25/03 15.9% 6.5% 9.4%
HCA HCA INC 4/29/03 11.7% 6.2% 5.4%
JP JEFFERSON-PILOT 5/5/03 4.4% 4.3% 0.1%
CPWR COMPUWARE CORP 5/7/03 1.2% 5.9% -4.6%
WAT WATERS CORP 5/7/03 23.7% 5.9% 17.9%
MTG MGIC INVT CORP 5/8/03 14.3% 4.4% 9.9%
DGX QUEST DIAGNOSTIC 5/13/03 -5.5% 3.7% -9.2%
NTAP NETWORK APPLIANC 5/13/03 -3.9% 3.7% -7.6%
AN AUTONATION INC 5/14/03 25.4% 2.9% 22.5%
CTXS CITRIX SYSTEMS 5/15/03 -15.4% 3.2% -18.6%
PFG PRINCIPAL FINL 5/19/03 5.5% 5.9% -0.5%
FDC FIRST DATA CORP 5/21/03 -5.9% 4.5% -10.4%
PBG PEPSI BOTTLING 5/28/03 9.6% 2.6% 7.1%
HD HOME DEPOT INC 5/30/03 -2.1% 0.7% -2.8%
AV AVAYA INC 6/9/03 28.9% -1.1% 30.0%
HNZ HJ HEINZ CO 6/10/03 -3.5% -2.3% -1.1%
AZO AUTOZONE INC 6/11/03 -1.3% -2.4% 1.1%
NFB NORTH FORK BANCP 6/24/03 -0.8% -0.1% -0.7%
BMET BIOMET INC 7/2/03 0.6% -1.2% 1.7%
MEDI MEDIMMUNE INC 7/9/03 -6.2% -1.5% -4.7%
KBH KB HOME 7/10/03 -9.5% -2.4% -7.1%
FDX FEDEX CORP 7/14/03 0.1% -2.6% 2.7%
WM WASH MUTUAL INC 7/15/03 -6.4% -2.0% -4.4%
CLX CLOROX CO 7/16/03 -2.9% -0.8% -2.1%
ONE BANK ONE CORP 7/16/03 -1.1% -0.8% -0.3%
RF REGIONS FINL 7/17/03 -1.6% -1.9% 0.4%
S SEARS ROEBUCK 7/17/03 5.4% -1.9% 7.4%
MAT MATTEL INC 7/21/03 -4.6% -1.4% -3.2%
STJ ST JUDE MEDICAL 7/23/03 3.6% -0.8% 4.3%
VRTS VERITAS SOFTWARE 7/23/03 -3.0% -0.8% -2.2%
MOLX MOLEX INC 7/28/03 -6.2% -1.5% -4.6%
CE CONCORD EFS 7/29/03 -1.2% -1.4% 0.1%
JNY JONES APPAREL 7/29/03 1.2% -1.4% 2.6%
NSM NATL SEMICONDUCT 7/30/03 2.6% -1.6% 4.3%
UNH UNITEDHEALTH GRP 7/30/03 -4.1% -1.6% -2.4%
MON MONSANTO CO 7/31/03 -5.1% -0.6% -4.5%
CAH CARDINAL HEALTH 8/1/03 0.7% -0.9% 1.6%
ANDW ANDREW CORP 8/4/03 0.3% 0.9% -0.6%
BEN FRANKLIN RES INC 8/5/03 1.2% 0.7% 0.5%
Observations 89 89 89
Average 9.4% 7.1% 2.3%
Std Dev 18.1% 7.1% 15.9%