SHORT_NAME buyback SP500 differnce
Ticker Company Announcement Date performance performance
CC CIRCUIT CITY  1/7/03 18.8% 9.8% 9.0%
PGR PROGRESSIVE CORP 1/7/03 30.2% 9.8% 20.4%
BSC BEAR STEARNS COS 1/8/03 4.7% 7.7% -3.0%
APC ANADARKO  1/10/03 -1.9% 7.8% -9.8%
BNI BURLINGTON/SANTA FE 1/16/03 4.8% 10.7% -6.0%
BAC BANK OF AMERICA 1/22/03 16.7% 12.5% 4.1%
LEH LEHMAN BROS HLDG 1/22/02 -0.5% -11.5% 11.0%
SWY SAFEWAY INC 1/23/03 -14.8% 15.9% -30.7%
BDX BECTON DICKINSON 1/28/03 11.8% 15.5% -3.7%
CAH CARDINAL HEALTH 1/28/03 12.9% 15.5% -2.6%
KRI KNIGHT-RIDDER 1/28/03 3.5% 15.5% -12.0%
NFB NORTH FORK BANCORP 1/28/03 10.4% 15.5% -5.1%
AZO AUTOZONE INC 1/29/03 24.6% 18.2% 6.3%
MHP MCGRAW-HILL COS 1/29/03 9.0% 18.2% -9.3%
BF/B BROWN-FORMAN -B 2/3/03 13.8% 17.7% -4.0%
LTD LIMITED BRANDS 2/3/03 34.0% 17.7% 16.3%
SLE SARA LEE CORP 2/3/03 -6.7% 17.7% -24.4%
ALL ALLSTATE CORP 2/4/03 13.4% 18.4% -5.0%
ZMH ZIMMER HLDGS 2/4/03 12.8% 18.4% -5.6%
GD GENERAL DYNAMICS 2/5/03 20.1% 19.2% 1.0%
MAR MARRIOTT INTL-A 2/6/03 39.0% 20.4% 18.6%
QCOM QUALCOMM INC 2/11/03 3.5% 22.0% -18.5%
SFA SCIENTIFIC ATLAN 2/12/03 137.3% 22.2% 115.1%
COL ROCKWELL COLLINS 2/14/03 26.6% 17.3% 9.3%
KMB KIMBERLY-CLARK 2/18/03 9.2% 18.2% -8.9%
TXN TEXAS INSTRUMENT 2/20/03 19.9% 17.7% 2.1%
NCC NATL CITY CORP 2/24/03 24.5% 19.1% 5.4%
CVG CONVERGYS CORP 2/25/03 42.0% 20.7% 21.3%
MO ALTRIA GROUP INC 2/26/03 5.9% 19.3% -13.4%
TMO THERMO ELECTRON 2/28/03 26.3% 19.6% 6.7%
IGT INTL GAME TECH 3/3/03 37.2% 21.5% 15.8%
DG DOLLAR GENERAL 3/14/03 47.3% 15.8% 31.5%
SCH SCHWAB (CHARLES) 3/17/03 42.3% 15.3% 27.0%
WLP WELLPOINT HEALTH 3/18/03 21.1% 14.3% 6.8%
CSCO CISCO SYSTEMS 3/19/03 35.9% 14.0% 21.8%
INTU INTUIT INC 3/24/03 8.9% 14.2% -5.2%
WOR WORTHINGTON INDS 3/24/03 20.6% 14.2% 6.4%
BUD ANHEUSER BUSCH 3/26/03 11.1% 15.0% -3.9%
FITB FIFTH THIRD BANCORP 3/27/03 9.8% 15.7% -5.9%
EOP EQUITY OFFICE PROPERTIES 3/31/03 7.6% 16.3% -8.7%
SBUX STARBUCKS CORP 3/31/03 5.4% 16.3% -10.9%
FTN FIRST TENN NATL 4/15/03 9.6% 13.5% -3.9%
RX IMS HEALTH INC 4/15/03 31.6% 13.5% 18.1%
FD FEDERATED DEPT 4/16/03 31.3% 11.8% 19.5%
NTRS NORTHERN TRUST 4/16/03 30.2% 11.8% 18.5%
ASO AMSOUTH BANCORP 4/17/03 7.6% 12.0% -4.4%
PGR PROGRESSIVE CORP 4/18/03 1.3% 12.0% -10.7%
CVG CONVERGYS CORP 4/22/03 5.6% 8.7% -3.0%
FII FEDERATED INV-B 4/23/03 10.3% 9.6% 0.7%
ROK ROCKWELL AUTOMAT 4/25/03 21.5% 9.2% 12.3%
ZION ZIONS BANCORP 4/25/03 17.0% 9.2% 7.8%
HCA HCA INC 4/29/03 3.5% 8.9% -5.5%
JP JEFFERSON-PILOT 5/5/03 6.4% 6.9% -0.5%
CPWR COMPUWARE CORP 5/7/03 17.7% 8.5% 9.2%
WAT WATERS CORP 5/7/03 26.0% 8.5% 17.4%
MTG MGIC INVT CORP 5/8/03 15.1% 7.0% 8.1%
DGX QUEST DIAGNOSTIC 5/13/03 -3.4% 6.3% -9.7%
NTAP NETWORK APPLIANC 5/13/03 17.0% 6.3% 10.7%
AN AUTONATION INC 5/14/03 21.8% 5.5% 16.3%
CTXS CITRIX SYSTEMS 5/15/03 -5.9% 5.8% -11.7%
PFG PRINCIPAL FINL 5/19/03 12.5% 8.6% 4.0%
FDC FIRST DATA CORP 5/21/03 -1.7% 7.2% -8.9%
PBG PEPSI BOTTLING 5/28/03 10.4% 5.2% 5.3%
HD HOME DEPOT INC 5/30/03 -2.0% 3.3% -5.2%
AV AVAYA INC 6/9/03 33.4% 1.4% 32.0%
HNZ HJ HEINZ CO 6/10/03 -0.8% 0.1% -1.0%
AZO AUTOZONE INC 6/11/03 -1.9% 0.0% -1.9%
NFB NORTH FORK BANCP 6/24/03 5.4% 2.4% 3.1%
BMET BIOMET INC 7/2/03 3.9% 1.3% 2.6%
MEDI MEDIMMUNE INC 7/9/03 2.6% 1.0% 1.6%
KBH KB HOME 7/10/03 -8.4% 0.1% -8.4%
FDX FEDEX CORP 7/14/03 1.4% -0.2% 1.6%
WM WASH MUTUAL INC 7/15/03 0.1% 0.5% -0.4%
CLX CLOROX CO 7/16/03 0.0% 1.7% -1.7%
ONE BANK ONE CORP 7/16/03 1.0% 1.7% -0.7%
RF REGIONS FINL 7/17/03 1.4% 0.5% 0.9%
S SEARS ROEBUCK 7/17/03 5.7% 0.5% 5.2%
MAT MATTEL INC 7/21/03 1.2% 1.1% 0.1%
STJ ST JUDE MEDICAL 7/23/03 2.0% 1.7% 0.3%
VRTS VERITAS SOFTWARE 7/23/03 1.9% 1.7% 0.1%
Observation 80 80 80
Average 14.1% 10.7% 3.5%
Std Dev 19.2% 7.1% 17.2%