| 2003 Buyback Companies, and their relative performance to the S&P500 | |||||
| ( performance through Jul 23 2004, assumes buy on day after announcement ) | |||||
| Ticker | Name | Announcement Date |
Stock % Change |
S&P % Change |
Stock-S&P |
| CC | CIRCUIT CITY STO | 1/7/03 | 80.8% | 19.4% | 61.5% |
| PGR | PROGRESSIVE CORP | 1/7/03 | 49.5% | 19.4% | 30.2% |
| BSC | BEAR STEARNS COS | 1/8/03 | 28.0% | 17.1% | 10.9% |
| APC | ANADARKO PETROLE | 1/10/03 | 27.8% | 17.3% | 10.5% |
| BNI | BURLINGTON/SANTA | 1/16/03 | 28.0% | 20.5% | 7.6% |
| BAC | BANK OF AMERICA | 1/22/03 | 18.5% | 22.4% | -3.9% |
| SWY | SAFEWAY INC | 1/23/03 | -8.3% | 26.1% | -34.4% |
| KRI | KNIGHT-RIDDER | 1/28/03 | -3.8% | 25.7% | -29.5% |
| BDX | BECTON DICKINSON | 1/28/03 | 39.0% | 25.7% | 13.3% |
| NFB | NORTH FORK BANCP | 1/28/03 | 21.6% | 25.7% | -4.0% |
| CAH | CARDINAL HEALTH | 1/28/03 | -11.9% | 25.7% | -37.5% |
| AZO | AUTOZONE INC | 1/29/03 | 18.7% | 28.6% | -9.9% |
| MHP | MCGRAW-HILL COS | 1/29/03 | 26.0% | 28.6% | -2.6% |
| BF/B | BROWN-FORMAN -B | 2/3/03 | 33.3% | 28.1% | 5.2% |
| SLE | SARA LEE CORP | 2/3/03 | 7.0% | 28.1% | -21.0% |
| LTD | LIMITED BRANDS | 2/3/03 | 55.9% | 28.1% | 27.8% |
| ALL | ALLSTATE CORP | 2/4/03 | 33.8% | 28.8% | 5.1% |
| ZMH | ZIMMER HLDGS | 2/4/03 | 83.6% | 28.8% | 54.9% |
| GD | GENERAL DYNAMICS | 2/5/03 | 48.3% | 29.6% | 18.8% |
| MAR | MARRIOTT INTL-A | 2/6/03 | 64.7% | 30.9% | 33.8% |
| QCOM | QUALCOMM INC | 2/11/03 | 93.9% | 32.7% | 61.3% |
| SFA | SCIENTIFIC ATLAN | 2/12/03 | 135.7% | 32.9% | 102.8% |
| COL | ROCKWELL COLLINS | 2/14/03 | 61.0% | 27.6% | 33.4% |
| KMB | KIMBERLY-CLARK | 2/18/03 | 41.9% | 28.5% | 13.3% |
| TXN | TEXAS INSTRUMENT | 2/20/03 | 30.8% | 28.1% | 2.8% |
| NCC | NATL CITY CORP | 2/24/03 | 30.6% | 29.5% | 1.0% |
| CVG | CONVERGYS CORP | 2/25/03 | 12.8% | 31.3% | -18.4% |
| MO | ALTRIA GROUP INC | 2/26/03 | 22.2% | 29.7% | -7.5% |
| TMO | THERMO ELECTRON | 2/28/03 | 51.5% | 30.1% | 21.4% |
| IGT | INTL GAME TECH | 3/3/03 | 55.5% | 32.1% | 23.3% |
| DG | DOLLAR GENERAL | 3/14/03 | 49.8% | 25.9% | 23.9% |
| SCH | SCHWAB (CHARLES) | 3/17/03 | 10.9% | 25.4% | -14.5% |
| WLP | WELLPOINT HEALTH | 3/18/03 | 54.7% | 24.3% | 30.4% |
| CSCO | CISCO SYSTEMS | 3/19/03 | 49.1% | 24.0% | 25.0% |
| INTU | INTUIT INC | 3/24/03 | -6.4% | 24.2% | -30.5% |
| WOR | WORTHINGTON INDS | 3/24/03 | 61.4% | 24.2% | 37.2% |
| BUD | ANHEUSER BUSCH | 3/26/03 | 9.5% | 25.1% | -15.6% |
| FITB | FIFTH THIRD BANC | 3/27/03 | -2.8% | 25.8% | -28.6% |
| SBUX | STARBUCKS CORP | 3/31/03 | 85.8% | 26.5% | 59.3% |
| EOP | EQUITY OFFICE PR | 3/31/03 | 1.0% | 26.5% | -25.5% |
| RX | IMS HEALTH INC | 4/15/03 | 68.7% | 23.4% | 45.3% |
| FHN | FIRST HORIZON NA | 4/15/03 | 5.7% | 23.4% | -17.8% |
| FD | FEDERATED DEPT | 4/16/03 | 55.3% | 21.6% | 33.8% |
| NTRS | NORTHERN TRUST | 4/16/03 | 17.1% | 21.6% | -4.5% |
| ASO | AMSOUTH BANCORP | 4/17/03 | 16.9% | 21.8% | -4.8% |
| PGR | PROGRESSIVE CORP | 4/18/03 | 16.3% | 21.8% | -5.4% |
| CVG | CONVERGYS CORP | 4/22/03 | -16.1% | 18.2% | -34.3% |
| FII | FEDERATED INV-B | 4/23/03 | 5.7% | 19.2% | -13.5% |
| ROK | ROCKWELL AUTOMAT | 4/25/03 | 59.4% | 18.7% | 40.7% |
| ZION | ZIONS BANCORP | 4/25/03 | 23.3% | 18.7% | 4.5% |
| HCA | HCA INC | 4/29/03 | 26.9% | 18.5% | 8.5% |
| JP | JEFFERSON-PILOT | 5/5/03 | 14.8% | 16.2% | -1.4% |
| WAT | WATERS CORP | 5/7/03 | 86.6% | 18.0% | 68.6% |
| CPWR | COMPUWARE CORP | 5/7/03 | 0.2% | 18.0% | -17.8% |
| MTG | MGIC INVT CORP | 5/8/03 | 51.2% | 16.4% | 34.9% |
| DGX | QUEST DIAGNOSTIC | 5/13/03 | 37.3% | 15.6% | 21.7% |
| NTAP | NETWORK APPLIANC | 5/13/03 | 17.6% | 15.6% | 1.9% |
| AN | AUTONATION INC | 5/14/03 | 10.5% | 14.7% | -4.3% |
| CTXS | CITRIX SYSTEMS | 5/15/03 | -18.6% | 15.0% | -33.6% |
| PFG | PRINCIPAL FINL | 5/19/03 | 11.8% | 18.1% | -6.3% |
| FDC | FIRST DATA CORP | 5/21/03 | 5.7% | 16.6% | -10.8% |
| PBG | PEPSI BOTTLING | 5/28/03 | 44.7% | 14.4% | 30.3% |
| HD | HOME DEPOT INC | 5/30/03 | 1.1% | 12.3% | -11.2% |
| AV | AVAYA INC | 6/9/03 | 86.6% | 10.3% | 76.3% |
| HNZ | HJ HEINZ CO | 6/10/03 | 7.6% | 8.9% | -1.3% |
| AZO | AUTOZONE INC | 6/11/03 | -6.5% | 8.8% | -15.3% |
| NFB | NORTH FORK BANCP | 6/24/03 | 16.2% | 11.4% | 4.8% |
| BMET | BIOMET INC | 7/2/03 | 50.2% | 10.2% | 40.0% |
| MEDI | MEDIMMUNE INC | 7/9/03 | -42.3% | 9.9% | -52.1% |
| KBH | KB HOME | 7/10/03 | 1.3% | 8.8% | -7.5% |
| FDX | FEDEX CORP | 7/14/03 | 25.3% | 8.6% | 16.7% |
| WM | WASH MUTUAL INC | 7/15/03 | -6.5% | 9.3% | -15.8% |
| CLX | CLOROX CO | 7/16/03 | 12.0% | 10.6% | 1.3% |
| ONE | BANK ONE CORP (acquired 6/30/04 | 7/16/03 | 28.9% | 10.6% | 18.2% |
| S | SEARS ROEBUCK | 7/17/03 | -12.8% | 9.4% | -22.2% |
| RF | REGIONS FINANCIA | 7/17/03 | 1.4% | 9.4% | -8.0% |
| MAT | MATTEL INC | 7/21/03 | -13.9% | 9.9% | -23.9% |
| STJ | ST JUDE MEDICAL | 7/23/03 | 29.0% | 10.7% | 18.3% |
| VRTS | VERITAS SOFTWARE | 7/23/03 | -40.3% | 10.7% | -51.0% |
| MOLX | MOLEX INC | 7/28/03 | -1.0% | 9.8% | -10.8% |
| JNY | JONES APPAREL | 7/29/03 | 27.2% | 10.0% | 17.2% |
| CE | CONCORD EFS (acquired 2/26/04) | 7/29/03 | 8.5% | 10.0% | -1.5% |
| NSM | NATL SEMICONDUCT | 7/30/03 | 54.6% | 9.7% | 44.9% |
| UNH | UNITEDHEALTH GRP | 7/30/03 | 20.8% | 9.7% | 11.1% |
| MON | MONSANTO CO | 7/31/03 | 65.0% | 10.8% | 54.2% |
| CAH | CARDINAL HEALTH | 8/1/03 | -11.0% | 10.5% | -21.6% |
| ANDW | ANDREW CORP | 8/4/03 | 48.1% | 12.5% | 35.6% |
| BEN | FRANKLIN RES INC | 8/5/03 | 10.5% | 12.3% | -1.8% |
| DLX | DELUXE CORP | 8/6/03 | 1.0% | 11.5% | -10.5% |
| UPS | UNITED PARCEL-B | 8/14/03 | 11.6% | 9.6% | 2.0% |
| INTU | INTUIT INC | 8/19/03 | -21.2% | 8.6% | -29.8% |
| NOC | NORTHROP GRUMMAN | 8/20/03 | 9.8% | 8.3% | 1.5% |
| HD | HOME DEPOT INC | 8/21/03 | 0.6% | 9.4% | -8.8% |
| GDT | GUIDANT CORP | 8/26/03 | 2.7% | 9.0% | -6.3% |
| BBT | BB&T CORPORATION | 8/27/03 | 6.0% | 8.3% | -2.3% |
| ABI | APPLIED BIOSYSTE | 8/28/03 | -10.5% | 7.8% | -18.3% |
| TAP/B | TRAVELERS-B (acquired 4/1/04) | 9/2/03 | 10.1% | 5.8% | 4.2% |
| CD | CENDANT CORP | 9/2/03 | 26.2% | 5.8% | 20.4% |
| PSFT | PEOPLESOFT INC | 9/4/03 | -8.6% | 6.3% | -14.9% |
| SYY | SYSCO CORP | 9/12/03 | 6.9% | 7.0% | -0.1% |
| G | GILLETTE CO | 9/16/03 | 20.5% | 5.9% | 14.6% |
| PGR | PROGRESSIVE CORP | 9/17/03 | 4.6% | 4.5% | 0.1% |
| HPQ | HEWLETT-PACKARD | 9/19/03 | -3.5% | 6.2% | -9.7% |
| CSCO | CISCO SYSTEMS | 9/23/03 | 3.0% | 7.6% | -4.6% |
| MKC | MCCORMICK-N/V | 9/24/03 | 30.5% | 8.3% | 22.2% |
| PLL | PALL CORP | 10/20/03 | 0.0% | 3.8% | -3.8% |
| DGX | QUEST DIAGNOSTIC | 10/21/03 | 30.6% | 5.4% | 25.2% |
| SHW | SHERWIN-WILLIAMS | 10/24/03 | 24.7% | 5.3% | 19.4% |
| KMI | KINDER MORGAN | 10/27/03 | 12.2% | 3.8% | 8.5% |
| IBM | IBM | 10/28/03 | -5.0% | 3.6% | -8.7% |
| ODP | OFFICE DEPOT INC | 10/29/03 | 12.0% | 3.7% | 8.3% |
| MCK | MCKESSON CORP | 10/30/03 | 6.0% | 3.4% | 2.7% |
| HON | HONEYWELL INTL | 11/4/03 | 19.3% | 3.3% | 16.0% |
| KSS | KOHLS CORP | 11/6/03 | -16.7% | 3.1% | -19.8% |
| MMM | 3M CO | 11/10/03 | 5.2% | 3.8% | 1.5% |
| SIAL | SIGMA-ALDRICH | 11/11/03 | 7.3% | 2.6% | 4.7% |
| KMI | KINDER MORGAN | 11/19/03 | 11.3% | 5.1% | 6.2% |
| TIF | TIFFANY & CO | 11/20/03 | -18.4% | 4.9% | -23.3% |
| MAT | MATTEL INC | 11/21/03 | -12.4% | 3.2% | -15.6% |
| YUM | YUM! BRANDS INC | 11/21/03 | 12.7% | 3.2% | 9.4% |
| X | US STEEL CORP | 11/25/03 | 37.7% | 2.6% | 35.1% |
| CMA | COMERICA INC | 12/1/03 | 7.0% | 1.8% | 5.2% |
| CAG | CONAGRA FOODS | 12/4/03 | 5.4% | 2.3% | 3.0% |
| AET | AETNA INC | 12/5/03 | 31.3% | 1.6% | 29.7% |
| PTV | PACTIV CORP | 12/5/03 | 3.4% | 1.6% | 1.8% |
| LOW | LOWE'S COS INC | 12/8/03 | -13.4% | 2.5% | -15.9% |
| MAS | MASCO CORP | 12/10/03 | 10.4% | 1.4% | 9.0% |
| HD | HOME DEPOT INC | 12/11/03 | -4.8% | 1.1% | -5.9% |
| NEM | NEWMONT MINING | 12/11/03 | -17.0% | 1.1% | -18.1% |
| ABS | ALBERTSON'S INC | 12/12/03 | 20.7% | 1.7% | 19.0% |
| SBC | SBC COMMUNICATIO | 12/12/03 | -2.6% | 1.7% | -4.3% |
| AMGN | AMGEN INC | 12/15/03 | -8.3% | 1.0% | -9.3% |
| PFE | PFIZER INC | 12/15/03 | -6.6% | 1.0% | -7.7% |
| UPC | UNION PLANTERS (acquired 6/30/0 | 12/15/03 | -2.6% | 1.0% | -3.6% |
| USB | US BANCORP | 12/16/03 | -0.6% | 0.9% | -1.5% |
| Average | 5.1% | ||||
| Stdev | 25.2% | ||||
| N | 135 | ||||
| % positive | 52.6% | ||||