| 2003 Buyback Companies, and their Performance Relative to the S&P500 | |||||
| ( performance through Apr 12 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 | 51.3% | 25.9% | 25.4% |
| PGR | PROGRESSIVE CORP | 1/7/03 | 75.2% | 25.9% | 49.3% |
| BSC | BEAR STEARNS COS | 1/8/03 | 35.1% | 23.5% | 11.6% |
| APC | ANADARKO PETROLE | 1/10/03 | 17.5% | 23.6% | -6.1% |
| BNI | BURLINGTON/SANTA | 1/16/03 | 19.9% | 27.0% | -7.1% |
| BAC | BANK OF AMERICA | 1/22/03 | 14.5% | 29.1% | -14.6% |
| SWY | SAFEWAY INC | 1/23/03 | -8.5% | 32.9% | -41.4% |
| KRI | KNIGHT-RIDDER | 1/28/03 | 14.4% | 32.5% | -18.1% |
| BDX | BECTON DICKINSON | 1/28/03 | 48.3% | 32.5% | 15.8% |
| NFB | NORTH FORK BANCP | 1/28/03 | 25.0% | 32.5% | -7.5% |
| CAH | CARDINAL HEALTH | 1/28/03 | 23.2% | 32.5% | -9.3% |
| AZO | AUTOZONE INC | 1/29/03 | 29.6% | 35.6% | -6.0% |
| MHP | MCGRAW-HILL COS | 1/29/03 | 32.2% | 35.6% | -3.3% |
| BF/B | BROWN-FORMAN -B | 2/3/03 | 39.3% | 35.0% | 4.3% |
| SLE | SARA LEE CORP | 2/3/03 | 6.1% | 35.0% | -29.0% |
| LTD | LIMITED BRANDS | 2/3/03 | 63.7% | 35.0% | 28.7% |
| ALL | ALLSTATE CORP | 2/4/03 | 38.1% | 35.8% | 2.3% |
| ZMH | ZIMMER HLDGS | 2/4/03 | 91.2% | 35.8% | 55.5% |
| GD | GENERAL DYNAMICS | 2/5/03 | 42.3% | 36.6% | 5.6% |
| MAR | MARRIOTT INTL-A | 2/6/03 | 52.5% | 38.0% | 14.5% |
| QCOM | QUALCOMM INC | 2/11/03 | 86.4% | 39.9% | 46.5% |
| SFA | SCIENTIFIC ATLAN | 2/12/03 | 167.1% | 40.1% | 127.0% |
| COL | ROCKWELL COLLINS | 2/14/03 | 59.2% | 34.5% | 24.7% |
| KMB | KIMBERLY-CLARK | 2/18/03 | 40.0% | 35.5% | 4.5% |
| TXN | TEXAS INSTRUMENT | 2/20/03 | 85.5% | 35.0% | 50.4% |
| NCC | NATL CITY CORP | 2/24/03 | 24.7% | 36.6% | -11.9% |
| CVG | CONVERGYS CORP | 2/25/03 | 42.7% | 38.4% | 4.3% |
| MO | ALTRIA GROUP INC | 2/26/03 | 43.7% | 36.8% | 6.9% |
| TMO | THERMO ELECTRON | 2/28/03 | 67.4% | 37.2% | 30.2% |
| IGT | INTL GAME TECH | 3/3/03 | 134.6% | 39.3% | 95.2% |
| DG | DOLLAR GENERAL | 3/14/03 | 47.8% | 32.7% | 15.0% |
| SCH | SCHWAB (CHARLES) | 3/17/03 | 47.6% | 32.2% | 15.4% |
| WLP | WELLPOINT HEALTH | 3/18/03 | 66.0% | 31.0% | 34.9% |
| CSCO | CISCO SYSTEMS | 3/19/03 | 71.9% | 30.8% | 41.1% |
| INTU | INTUIT INC | 3/24/03 | 13.2% | 30.9% | -17.7% |
| WOR | WORTHINGTON INDS | 3/24/03 | 57.9% | 30.9% | 27.0% |
| BUD | ANHEUSER BUSCH | 3/26/03 | 8.5% | 31.9% | -23.4% |
| FITB | FIFTH THIRD BANC | 3/27/03 | 10.6% | 32.6% | -22.0% |
| SBUX | STARBUCKS CORP | 3/31/03 | 54.8% | 33.4% | 21.4% |
| EOP | EQUITY OFFICE PR | 3/31/03 | -0.6% | 33.4% | -34.0% |
| RX | IMS HEALTH INC | 4/15/03 | 65.3% | 30.1% | 35.2% |
| FTN | FIRST TENN NATL | 4/15/03 | 10.8% | 30.1% | -19.4% |
| FD | FEDERATED DEPT | 4/16/03 | 78.6% | 28.2% | 50.4% |
| NTRS | NORTHERN TRUST | 4/16/03 | 40.0% | 28.2% | 11.8% |
| ASO | AMSOUTH BANCORP | 4/17/03 | 13.0% | 28.4% | -15.4% |
| PGR | PROGRESSIVE CORP | 4/18/03 | 36.3% | 28.4% | 7.9% |
| CVG | CONVERGYS CORP | 4/22/03 | 6.1% | 24.6% | -18.5% |
| FII | FEDERATED INV-B | 4/23/03 | 17.8% | 25.6% | -7.8% |
| ROK | ROCKWELL AUTOMAT | 4/25/03 | 57.2% | 25.2% | 32.1% |
| ZION | ZIONS BANCORP | 4/25/03 | 17.8% | 25.2% | -7.3% |
| HCA | HCA INC | 4/29/03 | 32.2% | 24.9% | 7.3% |
| JP | JEFFERSON-PILOT | 5/5/03 | 36.2% | 22.6% | 13.7% |
| WAT | WATERS CORP | 5/7/03 | 68.0% | 24.4% | 43.6% |
| CPWR | COMPUWARE CORP | 5/7/03 | 59.5% | 24.4% | 35.0% |
| MTG | MGIC INVT CORP | 5/8/03 | 43.1% | 22.7% | 20.4% |
| DGX | QUEST DIAGNOSTIC | 5/13/03 | 38.2% | 21.9% | 16.3% |
| NTAP | NETWORK APPLIANC | 5/13/03 | 46.5% | 21.9% | 24.6% |
| AN | AUTONATION INC | 5/14/03 | 24.3% | 21.0% | 3.3% |
| CTXS | CITRIX SYSTEMS | 5/15/03 | 12.3% | 21.3% | -9.0% |
| PFG | PRINCIPAL FINL | 5/19/03 | 20.1% | 24.5% | -4.4% |
| FDC | FIRST DATA CORP | 5/21/03 | 8.2% | 22.9% | -14.7% |
| PBG | PEPSI BOTTLING | 5/28/03 | 49.0% | 20.6% | 28.4% |
| HD | HOME DEPOT INC | 5/30/03 | 11.7% | 18.4% | -6.7% |
| AV | AVAYA INC | 6/9/03 | 140.8% | 16.3% | 124.6% |
| HNZ | HJ HEINZ CO | 6/10/03 | 7.4% | 14.8% | -7.5% |
| AZO | AUTOZONE INC | 6/11/03 | 2.1% | 14.7% | -12.6% |
| NFB | NORTH FORK BANCP | 6/24/03 | 19.4% | 17.4% | 1.9% |
| BMET | BIOMET INC | 7/2/03 | 43.5% | 16.2% | 27.3% |
| MEDI | MEDIMMUNE INC | 7/9/03 | -36.6% | 15.8% | -52.4% |
| KBH | KB HOME | 7/10/03 | 15.9% | 14.7% | 1.2% |
| FDX | FEDEX CORP | 7/14/03 | 16.3% | 14.5% | 1.8% |
| WM | WASH MUTUAL INC | 7/15/03 | -1.7% | 15.2% | -16.9% |
| CLX | CLOROX CO | 7/16/03 | 16.3% | 16.7% | -0.4% |
| ONE | BANK ONE CORP | 7/16/03 | 37.7% | 16.7% | 21.1% |
| S | SEARS ROEBUCK | 7/17/03 | 10.1% | 15.3% | -5.2% |
| RF | REGIONS FINL | 7/17/03 | -1.6% | 15.3% | -16.9% |
| MAT | MATTEL INC | 7/21/03 | -7.9% | 15.9% | -23.8% |
| STJ | ST JUDE MEDICAL | 7/23/03 | 44.5% | 16.7% | 27.9% |
| VRTSE | VERITAS SOFTWARE | 7/23/03 | -13.0% | 16.7% | -29.7% |
| MOLX | MOLEX INC | 7/28/03 | 16.7% | 15.8% | 0.9% |
| JNY | JONES APPAREL | 7/29/03 | 32.4% | 16.0% | 16.4% |
| CE | CONCORD EFS (acquired 2/26/04) | 7/29/03 | 8.5% | 16.0% | -7.5% |
| NSM | NATL SEMICONDUCT | 7/30/03 | 117.2% | 15.6% | 101.5% |
| UNH | UNITEDHEALTH GRP | 7/30/03 | 30.7% | 15.6% | 15.1% |
| MON | MONSANTO CO | 7/31/03 | 65.6% | 16.8% | 48.8% |
| CAH | CARDINAL HEALTH | 8/1/03 | 24.3% | 16.5% | 7.8% |
| ANDW | ANDREW CORP | 8/4/03 | 106.8% | 18.6% | 88.2% |
| BEN | FRANKLIN RES INC | 8/5/03 | 31.9% | 18.4% | 13.5% |
| DLX | DELUXE CORP | 8/6/03 | -5.2% | 17.6% | -22.8% |
| UPS | UNITED PARCEL-B | 8/14/03 | 10.1% | 15.6% | -5.5% |
| INTU | INTUIT INC | 8/19/03 | -4.7% | 14.5% | -19.2% |
| NOC | NORTHROP GRUMMAN | 8/20/03 | 3.8% | 14.1% | -10.3% |
| HD | HOME DEPOT INC | 8/21/03 | 11.2% | 15.3% | -4.2% |
| GDT | GUIDANT CORP | 8/26/03 | 35.0% | 14.9% | 20.2% |
| BBT | BB&T CORPORATION | 8/27/03 | -3.6% | 14.2% | -17.8% |
| ABI | APPLIED BIOSYSTE | 8/28/03 | -8.8% | 13.6% | -22.4% |
| TAP/B | TRAVELERS-B (acquired 4/1/04) | 9/2/03 | 10.1% | 11.6% | -1.5% |
| CD | CENDANT CORP | 9/2/03 | 36.0% | 11.6% | 24.4% |
| PSFT | PEOPLESOFT INC | 9/4/03 | -1.6% | 12.1% | -13.7% |
| SYY | SYSCO CORP | 9/12/03 | 16.0% | 12.8% | 3.2% |
| G | GILLETTE CO | 9/16/03 | 18.4% | 11.6% | 6.7% |
| PGR | PROGRESSIVE CORP | 9/17/03 | 22.6% | 10.2% | 12.4% |
| HPQ | HEWLETT-PACKARD | 9/19/03 | 11.5% | 12.0% | -0.5% |
| CSCO | CISCO SYSTEMS | 9/23/03 | 18.8% | 13.5% | 5.3% |
| MKC | MCCORMICK-N/V | 9/24/03 | 20.5% | 14.1% | 6.4% |
| PLL | PALL CORP | 10/20/03 | 3.8% | 9.5% | -5.7% |
| DGX | QUEST DIAGNOSTIC | 10/21/03 | 31.4% | 11.1% | 20.3% |
| SHW | SHERWIN-WILLIAMS | 10/24/03 | 16.1% | 11.1% | 5.0% |
| KMI | KINDER MORGAN | 10/27/03 | 17.3% | 9.4% | 7.9% |
| IBM | IBM | 10/28/03 | 4.9% | 9.3% | -4.3% |
| ODP | OFFICE DEPOT INC | 10/29/03 | 28.4% | 9.4% | 19.0% |
| MCK | MCKESSON CORP | 10/30/03 | 3.5% | 9.0% | -5.5% |
| HON | HONEYWELL INTL | 11/4/03 | 15.2% | 8.9% | 6.3% |
| KSS | KOHLS CORP | 11/6/03 | -15.3% | 8.7% | -24.0% |
| MMM | 3M CO | 11/10/03 | 6.5% | 9.4% | -2.9% |
| SIAL | SIGMA-ALDRICH | 11/11/03 | 5.8% | 8.2% | -2.4% |
| KMI | KINDER MORGAN | 11/19/03 | 16.3% | 10.8% | 5.5% |
| TIF | TIFFANY & CO | 11/20/03 | -9.2% | 10.6% | -19.9% |
| MAT | MATTEL INC | 11/21/03 | -6.3% | 8.9% | -15.1% |
| YUM | YUM! BRANDS INC | 11/21/03 | 16.3% | 8.9% | 7.4% |
| X | US STEEL CORP | 11/25/03 | 61.3% | 8.2% | 53.1% |
| CMA | COMERICA INC | 12/1/03 | -2.5% | 7.4% | -9.9% |
| CAG | CONAGRA FOODS | 12/4/03 | 11.0% | 7.9% | 3.1% |
| AET | AETNA INC | 12/5/03 | 45.7% | 7.1% | 38.6% |
| PTV | PACTIV CORP | 12/5/03 | 3.5% | 7.1% | -3.6% |
| LOW | LOWE'S COS INC | 12/8/03 | -3.7% | 8.0% | -11.7% |
| MAS | MASCO CORP | 12/10/03 | 4.0% | 6.9% | -2.9% |
| HD | HOME DEPOT INC | 12/11/03 | 5.2% | 6.6% | -1.4% |
| NEM | NEWMONT MINING | 12/11/03 | -3.7% | 6.6% | -10.3% |
| ABS | ALBERTSON'S INC | 12/12/03 | 12.4% | 7.2% | 5.2% |
| SBC | SBC COMMUNICATIO | 12/12/03 | -1.6% | 7.2% | -8.8% |
| AMGN | AMGEN INC | 12/15/03 | -2.5% | 6.5% | -9.1% |
| PFE | PFIZER INC | 12/15/03 | 3.1% | 6.5% | -3.4% |
| UPC | UNION PLANTERS | 12/15/03 | -5.3% | 6.5% | -11.8% |
| USB | US BANCORP | 12/16/03 | -5.0% | 6.4% | -11.4% |
| Average | 7.6% | ||||
| Stdev | 28.4% | ||||
| N | 135 | ||||
| % positive | 53.3% | ||||