2004 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
WMT WAL-MART STORES 1/5/04 7.5% 1.9% 5.6%
BSC BEAR STEARNS COS 1/7/04 8.7% 1.2% 7.6%
PSFT PEOPLESOFT INC 1/12/04 -14.0% 2.1% -16.2%
MHS MEDCO HEALTH SOL 1/14/04 -3.5% 1.2% -4.6%
BMY BRISTOL-MYER SQB 1/15/04 -19.3% 0.5% -19.8%
IP INTL PAPER CO 1/15/04 -2.8% 0.5% -3.3%
WB WACHOVIA CORP 1/15/04 1.1% 0.5% 0.6%
ZION ZIONS BANCORP 1/20/04 -6.7% -0.2% -6.5%
SOTR SOUTHTRUST CORP 1/21/04 -0.8% 0.1% -0.9%
SYMC SYMANTEC CORP 1/21/04 28.0% 0.1% 27.8%
LUV SOUTHWEST AIR 1/22/04 -4.3% 0.3% -4.6%
VZ VERIZON COMMUNIC 1/22/04 -0.1% 0.3% -0.4%
AT ALLTEL CORP 1/23/04 0.0% -0.9% 0.9%
BDX BECTON DICKINSON 1/27/04 14.3% 1.5% 12.9%
LEH LEHMAN BROS HLDG 1/27/04 -0.9% 1.5% -2.4%
BAC BANK OF AMERICA 1/28/04 1.3% 1.0% 0.3%
MHP MCGRAW-HILL COS 1/28/04 2.2% 1.0% 1.2%
WWY WRIGLEY WM JR CO 1/28/04 4.7% 1.0% 3.7%
XEL XCEL ENERGY INC 1/29/04 0.5% 1.2% -0.7%
AFL AFLAC INC 2/2/04 8.1% 0.8% 7.2%
FDC FIRST DATA CORP 2/2/04 12.3% 0.8% 11.5%
MDP MEREDITH CORP 2/2/04 1.5% 0.8% 0.7%
WEN WENDY'S INTL INC 2/2/04 10.0% 0.8% 9.2%
CTL CENTURYTEL INC 2/3/04 -3.0% 1.7% -4.6%
GCI GANNETT CO 2/9/04 2.5% 0.0% 2.5%
JP JEFFERSON-PILOT 2/9/04 4.2% 0.0% 4.3%
LNC LINCOLN NATL CRP 2/10/04 6.8% -1.1% 7.9%
MER MERRILL LYNCH 2/10/04 -1.9% -1.1% -0.9%
PRU PRUDENTL FINL 2/10/04 -1.0% -1.1% 0.1%
RBK REEBOK INTL LTD 2/10/04 9.6% -1.1% 10.7%
RX IMS HEALTH INC 2/10/04 -7.8% -1.1% -6.7%
MAY MAY DEPT STORES 2/12/04 -2.1% -0.1% -2.0%
CTX CENTEX CORP 2/17/04 -4.3% -0.6% -3.7%
GDT GUIDANT CORP 2/17/04 6.9% -0.6% 7.5%
MTB M&T BANK CORP 2/18/04 -5.7% -0.2% -5.6%
TXN TEXAS INSTRUMENT 2/19/04 -3.8% 0.1% -3.9%
PNC PNC FINANCIAL SE 2/20/04 -4.8% 0.4% -5.1%
FO FORTUNE BRANDS 2/24/04 5.6% 0.1% 5.4%
IBM IBM 2/24/04 -2.9% 0.1% -3.0%
NVLS NOVELLUS SYS 2/24/04 5.5% 0.1% 5.4%
LMT LOCKHEED MARTIN 2/26/04 1.4% 0.0% 1.3%
LTD LIMITED BRANDS 2/26/04 4.0% 0.0% 4.0%
SDS SUNGARD DATA SYS 2/26/04 -1.5% 0.0% -1.5%
CAH CARDINAL HEALTH 2/27/04 8.3% -0.9% 9.2%
FDC FIRST DATA CORP 2/27/04 5.2% -0.9% 6.1%
HD HOME DEPOT INC 2/27/04 -1.0% -0.9% -0.1%
SPLS STAPLES INC 3/4/04 1.5% -1.0% 2.5%
MXIM MAXIM INTEGRATED 3/10/04 8.3% 3.5% 4.8%
NSM NATL SEMICONDUCT 3/11/04 19.9% 2.2% 17.7%
PTV PACTIV CORP 3/15/04 7.5% 3.1% 4.4%
AZO AUTOZONE INC 3/17/04 -1.2% 2.0% -3.3%
FCX FREEPORT-MCMOR-B 3/22/04 -2.9% 4.7% -7.6%
CMA COMERICA INC 3/23/04 0.0% 4.9% -4.9%
AMAT APPLIED MATERIAL 3/24/04 5.1% 3.2% 1.9%
PBG PEPSI BOTTLING 3/25/04 2.1% 3.4% -1.3%
CCU CLEAR CHANNEL 3/30/04 3.3% 1.7% 1.6%
CVX CHEVRONTEXACO 3/31/04 4.0% 1.2% 2.8%
ABI APPLIED BIOSYSTE 4/5/04 -1.6% -0.3% -1.4%
DELL DELL INC 4/8/04 0.0% 0.0% 0.0%
Average 1.3%
Stdev 7.3%
N 59
% positive 54.2%