buyback SP500 differnce
Ticker Company Announcement Date performance performance  
CC CIRCUIT CITY 1/7/03 -10.9% 3.9% -14.8%
PGR PROGRESSIVE CORP 1/7/03 35.3% 3.9% 31.4%
BSC BEAR STEARNS COS 1/8/03 7.6% 1.9% 5.7%
APC ANADARKO 1/10/03 0.3% 2.0% -1.8%
BNI BURLINGTON/SANTA FE 1/16/03 7.0% 4.8% 2.2%
BAC BANK OF AMERICA 1/22/03 4.1% 6.5% -2.4%
LEH LEHMAN BROS HLDG 1/22/02 4.5% -16.2% 20.7%
SWY SAFEWAY INC 1/23/03 -23.5% 9.7% -33.2%
BDX BECTON DICKINSON 1/28/03 12.9% 9.3% 3.6%
CAH CARDINAL HEALTH 1/28/03 1.1% 9.3% -8.2%
KRI KNIGHT-RIDDER 1/28/03 -3.1% 9.3% -12.4%
NFB NORTH FORK BANCORP 1/28/03 4.3% 9.3% -5.1%
AZO AUTOZONE INC 1/29/03 35.8% 11.9% 23.9%
MHP MCGRAW-HILL COS 1/29/03 0.4% 11.9% -11.5%
BF/B BROWN-FORMAN -B 2/3/03 11.0% 11.4% -0.4%
LTD LIMITED BRANDS 2/3/03 15.5% 11.4% 4.1%
SLE SARA LEE CORP 2/3/03 -14.8% 11.4% -26.3%
ALL ALLSTATE CORP 2/4/03 6.0% 12.0% -6.0%
ZMH ZIMMER HLDGS 2/4/03 16.3% 12.0% 4.3%
GD GENERAL DYNAMICS 2/5/03 -4.5% 12.8% -17.3%
MAR MARRIOTT INTL-A 2/6/03 30.0% 13.9% 16.1%
QCOM QUALCOMM INC 2/11/03 -14.9% 15.4% -30.3%
SFA SCIENTIFIC ATLAN 2/12/03 28.8% 15.6% 13.2%
COL ROCKWELL COLLINS 2/14/03 8.8% 11.0% -2.2%
KMB KIMBERLY-CLARK 2/18/03 10.6% 11.8% -1.2%
TXN TEXAS INSTRUMENT 2/20/03 23.8% 11.4% 12.4%
NCC NATL CITY CORP 2/24/03 14.8% 12.7% 2.1%
CVG CONVERGYS CORP 2/25/03 42.0% 14.2% 27.8%
MO ALTRIA GROUP INC 2/26/03 -14.5% 12.9% -27.3%
TMO THERMO ELECTRON 2/28/03 7.2% 13.2% -6.0%
IGT INTL GAME TECH 3/3/03 15.8% 15.0% 0.8%
DG DOLLAR GENERAL 3/14/03 32.8% 9.5% 23.2%
SCH SCHWAB (CHARLES) 3/17/03 17.1% 9.1% 8.0%
WLP WELLPOINT HEALTH 3/18/03 10.2% 8.1% 2.1%
CSCO CISCO SYSTEMS 3/19/03 18.7% 7.9% 10.8%
INTU INTUIT INC 3/24/03 0.0% 8.0% -8.1%
WOR WORTHINGTON INDS 3/24/03 19.1% 8.0% 11.1%
BUD ANHEUSER BUSCH 3/26/03 9.0% 8.8% 0.2%
FITB FIFTH THIRD BANCORP 3/27/03 -0.4% 9.5% -9.9%
EOP EQUITY OFFICE PROPERTIES 3/31/03 7.1% 10.1% -3.0%
SBUX STARBUCKS CORP 3/31/03 -7.7% 10.1% -17.7%
FTN FIRST TENN NATL 4/15/03 7.8% 7.4% 0.4%
RX IMS HEALTH INC 4/15/03 8.9% 7.4% 1.5%
FD FEDERATED DEPT 4/16/03 8.8% 5.8% 3.1%
NTRS NORTHERN TRUST 4/16/03 6.9% 5.8% 1.1%
ASO AMSOUTH BANCORP 4/17/03 5.5% 6.0% -0.4%
PGR PROGRESSIVE CORP 4/18/03 5.2% 6.0% -0.7%
CVG CONVERGYS CORP 4/22/03 5.6% 2.8% 2.8%
FII FEDERATED INV-B 4/23/03 3.4% 3.7% -0.3%
ROK ROCKWELL AUTOMAT 4/25/03 1.7% 3.3% -1.6%
ZION ZIONS BANCORP 4/25/03 0.6% 3.3% -2.7%
HCA HCA INC 4/29/03 -0.2% 3.1% -3.2%
JP JEFFERSON-PILOT 5/5/03 1.9% 1.1% 0.7%
CPWR COMPUWARE CORP 5/7/03 4.6% 2.7% 1.9%
WAT WATERS CORP 5/7/03 4.9% 2.7% 2.2%
MTG MGIC INVT CORP 5/8/03 1.5% 1.3% 0.2%
#ob 56 56 56
average 7.7% 8.0% -0.3%
stdev 12.9% 5.2% 13.0%