| 2003 Buyback Companies, and their relative performance to the S&P500 | |||||||
| ( performance through Apr 11 2006, assumes buy on day after announcement ) | |||||||
| Ticker | Name | Announcement Date |
2003 | 2004 | 2005 | 2006 | Cumulative |
| CC | CIRCUIT CITY STO | 1/7/03 | 34.9% | 54.4% | 44.4% | 8.9% | 227.7% |
| PGR | PROGRESSIVE CORP | 1/7/03 | 63.9% | 1.5% | 37.6% | -12.5% | 100.5% |
| BSC | BEAR STEARNS COS | 1/8/03 | 23.6% | 28.0% | 12.9% | 21.3% | 116.5% |
| APC | ANADARKO PETROLE | 1/10/03 | 11.0% | 27.1% | 46.2% | 11.6% | 130.3% |
| BNI | BURLINGTON NORTH | 1/16/03 | 21.3% | 46.2% | 49.7% | 16.5% | 209.5% |
| BAC | BANK OF AMERICA | 1/22/03 | 12.3% | 16.8% | -1.8% | -1.3% | 27.3% |
| SWY | SAFEWAY INC | 1/23/03 | -7.4% | -9.9% | 19.9% | 3.5% | 3.5% |
| KRI | KNIGHT RIDDER | 1/28/03 | 14.5% | -13.5% | -5.4% | -1.0% | -7.3% |
| BDX | BECTON DICKINSON | 1/28/03 | 23.0% | 38.1% | 5.8% | 4.5% | 87.8% |
| NFB | NORTH FORK BANCP | 1/28/03 | 25.4% | 6.9% | -5.2% | 7.1% | 36.2% |
| CAH | CARDINAL HEALTH | 1/28/03 | 5.9% | -4.9% | 18.2% | 1.9% | 21.4% |
| AZO | AUTOZONE INC | 1/29/03 | 32.4% | 7.2% | 0.5% | 4.8% | 49.4% |
| MHP | MCGRAW-HILL COS | 1/29/03 | 19.7% | 30.9% | 12.8% | 11.2% | 96.5% |
| BF/B | BROWN-FORMAN -B | 2/3/03 | 33.9% | 4.2% | 42.4% | 6.1% | 110.8% |
| SLE | SARA LEE CORP | 2/3/03 | 4.3% | 11.2% | -21.7% | -6.4% | -15.0% |
| LTD | LIMITED BRANDS | 2/3/03 | 43.7% | 27.7% | -2.9% | 7.7% | 91.9% |
| ALL | ALLSTATE CORP | 2/4/03 | 25.1% | 20.2% | 4.5% | -6.6% | 46.8% |
| ZMH | ZIMMER HLDGS | 2/4/03 | 70.0% | 13.8% | -15.8% | -2.3% | 59.2% |
| GD | GENERAL DYNAMICS | 2/5/03 | 37.6% | 15.7% | 9.0% | 13.7% | 97.4% |
| MAR | MARRIOTT INTL-A | 2/6/03 | 57.4% | 36.3% | 6.3% | 4.9% | 139.3% |
| QCOM | QUALCOMM INC | 2/11/03 | 47.5% | 57.2% | 1.6% | 19.3% | 181.1% |
| SFA | SCIENTIFIC ATLAN | 2/12/03 | 117.9% | 20.9% | 30.5% | -0.2% | 243.0% |
| COL | ROCKWELL COLLINS | 2/14/03 | 45.2% | 31.3% | 17.8% | 19.6% | 168.7% |
| KMB | KIMBERLY-CLARK | 2/18/03 | 30.2% | 13.3% | -9.4% | -4.2% | 28.0% |
| TXN | TEXAS INSTRUMENT | 2/20/03 | 84.9% | -16.2% | 30.3% | 2.6% | 107.0% |
| NCC | NATL CITY CORP | 2/24/03 | 23.8% | 10.6% | -10.6% | 3.3% | 26.4% |
| CVG | CONVERGYS CORP | 2/25/03 | 48.5% | -14.1% | 5.7% | 13.7% | 53.2% |
| MO | ALTRIA GROUP INC | 2/26/03 | 40.6% | 12.3% | 22.3% | -7.2% | 79.1% |
| TMO | THERMO ELECTRON | 2/28/03 | 42.8% | 19.8% | -0.2% | 19.0% | 103.2% |
| IGT | INTL GAME TECH | 3/3/03 | 84.7% | -3.7% | -10.5% | 16.3% | 85.2% |
| DG | DOLLAR GENERAL | 3/14/03 | 68.2% | -1.0% | -8.2% | -6.2% | 43.3% |
| SCHW | SCHWAB (CHARLES) | 3/17/03 | 53.2% | 1.0% | 22.7% | 20.9% | 129.4% |
| WLP | WELLPOINT INC | 3/18/03 | 19.7% | 53.3% | 38.8% | -8.9% | 131.9% |
| CSCO | CISCO SYSTEMS | 3/19/03 | 72.6% | -20.3% | -11.4% | 22.8% | 49.8% |
| INTU | INTUIT INC | 3/24/03 | 35.9% | -16.7% | 21.1% | 0.7% | 38.1% |
| WOR | WORTHINGTON INDS | 3/24/03 | 48.6% | 8.6% | -1.9% | 2.3% | 62.0% |
| BUD | ANHEUSER BUSCH | 3/26/03 | 12.1% | -3.7% | -15.3% | -1.1% | -9.6% |
| FITB | FIFTH THIRD BANC | 3/27/03 | 14.8% | -20.0% | -20.3% | 4.1% | -23.7% |
| SBUX | STARBUCKS CORP | 3/31/03 | 30.9% | 88.1% | -3.8% | 25.2% | 196.6% |
| EOP | EQUITY OFFICE PR | 3/31/03 | 10.5% | 1.6% | 4.2% | 8.5% | 26.9% |
| RX | IMS HEALTH INC | 4/15/03 | 69.8% | -6.6% | 7.4% | 3.5% | 76.1% |
| FHN | FIRST HORIZON NA | 4/15/03 | 7.5% | -2.2% | -10.8% | 6.5% | -0.3% |
| FD | FEDERATED DEPT | 4/16/03 | 57.4% | 22.6% | 14.8% | 11.8% | 147.7% |
| NTRS | NORTHERN TRUST | 4/16/03 | 37.2% | 5.0% | 6.7% | 1.6% | 56.1% |
| ASO | AMSOUTH BANCORP | 4/17/03 | 20.0% | 5.7% | 1.2% | 4.3% | 33.8% |
| PGR | PROGRESSIVE CORP | 4/18/03 | 27.5% | 1.5% | 37.6% | -12.5% | 56.0% |
| CVG | CONVERGYS CORP | 4/22/03 | 10.4% | -14.1% | 5.7% | 13.7% | 14.0% |
| FII | FEDERATED INV-B | 4/23/03 | 8.9% | 3.5% | 21.8% | 1.6% | 39.7% |
| ROK | ROCKWELL AUTOMAT | 4/25/03 | 59.2% | 39.2% | 19.4% | 20.1% | 217.8% |
| ZION | ZIONS BANCORP | 4/25/03 | 25.5% | 10.9% | 11.1% | 7.6% | 66.4% |
| HCA | HCA INC | 4/29/03 | 33.8% | -7.0% | 26.4% | -12.4% | 37.8% |
| JP | JEFFERSON-PILOT | 5/5/03 | 23.6% | 2.6% | 9.6% | -1.7% | 36.5% |
| WAT | WATERS CORP | 5/7/03 | 35.4% | 41.1% | -19.2% | 12.1% | 73.0% |
| CPWR | COMPUWARE CORP | 5/7/03 | 25.6% | 6.1% | 39.9% | -13.3% | 61.7% |
| MTG | MGIC INVT CORP | 5/8/03 | 22.0% | 21.0% | -4.5% | 3.3% | 45.7% |
| DGX | QUEST DIAGNOSTIC | 5/13/03 | 20.2% | 30.7% | 7.8% | -3.4% | 63.5% |
| NTAP | NETWORK APPLIANC | 5/13/03 | 32.0% | 62.5% | -18.7% | 34.9% | 135.2% |
| AN | AUTONATION INC | 5/14/03 | 31.6% | 4.6% | 13.1% | 2.6% | 59.7% |
| CTXS | CITRIX SYSTEMS | 5/15/03 | 3.2% | 15.6% | 17.5% | 30.7% | 83.0% |
| PFG | PRINCIPAL FINL | 5/19/03 | 9.5% | 23.8% | 15.9% | 3.0% | 61.8% |
| FDC | FIRST DATA CORP | 5/21/03 | 3.2% | 3.5% | 1.1% | 10.7% | 19.6% |
| PBG | PEPSI BOTTLING | 5/28/03 | 18.8% | 11.8% | 5.8% | 10.0% | 54.6% |
| HD | HOME DEPOT INC | 5/30/03 | 8.7% | 20.4% | -5.3% | 2.3% | 26.9% |
| AV | AVAYA INC | 6/9/03 | 82.3% | 32.9% | -38.0% | 5.5% | 58.6% |
| HNZ | HJ HEINZ CO | 6/10/03 | 5.9% | 7.0% | -13.5% | 12.0% | 9.8% |
| AZO | AUTOZONE INC | 6/11/03 | 4.3% | 7.2% | 0.5% | 4.8% | 17.7% |
| NFB | NORTH FORK BANCP | 6/24/03 | 19.8% | 6.9% | -5.2% | 7.1% | 30.1% |
| BMET | BIOMET INC | 7/2/03 | 28.5% | 19.8% | -15.7% | 4.1% | 35.1% |
| MEDI | MEDIMMUNE INC | 7/9/03 | -34.9% | 6.8% | 29.2% | -3.1% | -12.9% |
| KBH | KB HOME | 7/10/03 | 13.8% | 44.0% | 39.2% | -7.6% | 110.8% |
| FDX | FEDEX CORP | 7/14/03 | 4.9% | 45.9% | 5.0% | 12.3% | 80.4% |
| WM | WASH MUTUAL INC | 7/15/03 | -3.5% | 5.4% | 2.9% | 1.6% | 6.4% |
| CLX | CLOROX CO | 7/16/03 | 9.2% | 21.4% | -3.5% | 3.8% | 32.8% |
| ONE | BANK ONE CORP (acquired 6/30/ | 7/16/03 | 15.2% | 11.9% | 28.9% | ||
| 605555Q | SEARS ROEBUCK | 7/17/03 | 17.8% | 12.2% | -1.9% | 29.6% | |
| RF | REGIONS FINANCIA | 7/17/03 | 3.0% | 18.1% | -4.0% | 2.6% | 19.8% |
| MAT | MATTEL INC | 7/21/03 | -4.2% | 1.1% | -18.8% | 9.7% | -13.7% |
| STJ | ST JUDE MEDICAL | 7/23/03 | 18.6% | 36.7% | 19.7% | -26.3% | 43.0% |
| VRTS | VERITAS SOFTWARE | 7/23/03 | 22.6% | -22.9% | -17.3% | -21.9% | |
| MOLX | MOLEX INC | 7/28/03 | 25.3% | -14.0% | -13.5% | 34.1% | 24.9% |
| JNY | JONES APPAREL | 7/29/03 | 21.6% | 3.8% | -16.0% | 12.4% | 19.1% |
| 519239Q | CONCORD EFS INC (acquired 2/2 | 7/29/03 | 7.9% | 0.5% | 8.5% | ||
| NSM | NATL SEMICONDUCT | 7/30/03 | 76.3% | -8.9% | 44.7% | 10.0% | 155.7% |
| UNH | UNITEDHEALTH GRP | 7/30/03 | 11.7% | 51.3% | 41.2% | -17.0% | 97.9% |
| MON | MONSANTO CO | 7/31/03 | 29.9% | 93.0% | 39.6% | 6.4% | 272.6% |
| CAH | CARDINAL HEALTH | 8/1/03 | 6.9% | -4.9% | 18.2% | 1.9% | 22.5% |
| ANDW | ANDREW CORP | 8/4/03 | 16.2% | 17.6% | -21.3% | 6.2% | 14.2% |
| BEN | FRANKLIN RES INC | 8/5/03 | 20.4% | 33.8% | 35.0% | 0.0% | 117.4% |
| DLX | DELUXE CORP | 8/6/03 | -4.0% | -9.7% | -19.3% | -16.0% | -41.2% |
| UPS | UNITED PARCEL-B | 8/14/03 | 16.5% | 14.6% | -12.1% | 8.1% | 27.0% |
| INTU | INTUIT INC | 8/19/03 | 14.4% | -16.7% | 21.1% | 0.7% | 16.2% |
| NOC | NORTHROP GRUMMAN | 8/20/03 | -1.6% | 13.7% | 10.6% | 14.6% | 41.9% |
| HD | HOME DEPOT INC | 8/21/03 | 8.2% | 20.4% | -5.3% | 2.3% | 26.3% |
| GDT | GUIDANT CORP | 8/26/03 | 19.2% | 19.8% | -10.2% | 19.2% | 52.9% |
| BBT | BB&T CORPORATION | 8/27/03 | 6.7% | 8.8% | -0.3% | -5.5% | 9.4% |
| ABI | APPLIED BIOSYSTE | 8/28/03 | -4.8% | 1.0% | 27.0% | 0.5% | 22.7% |
| TAP/B | TRAVELERS-B (acquired 4/1/04) | 9/2/03 | 7.3% | 2.5% | 10.1% | ||
| CD | CENDANT CORP | 9/2/03 | 22.3% | 5.0% | -22.6% | -4.0% | -4.6% |
| PSFT | PEOPLESOFT INC | 9/4/03 | 18.1% | 16.2% | 37.3% | ||
| SYY | SYSCO CORP | 9/12/03 | 14.2% | 2.5% | -18.7% | 1.4% | -3.4% |
| G | GILLETTE CO | 9/16/03 | 11.7% | 21.9% | 30.0% | 77.0% | |
| PGR | PROGRESSIVE CORP | 9/17/03 | 14.7% | 1.5% | 37.6% | -12.5% | 40.3% |
| HPQ | HEWLETT-PACKARD | 9/19/03 | 13.2% | -8.7% | 36.5% | 13.7% | 60.3% |
| CSCO | CISCO SYSTEMS | 9/23/03 | 19.2% | -20.3% | -11.4% | 22.8% | 3.5% |
| MKC | MCCORMICK-N/V | 9/24/03 | 9.9% | 28.2% | -19.9% | 9.3% | 23.4% |
| PLL | PALL CORP | 10/20/03 | 15.0% | 7.9% | -7.2% | 11.3% | 28.1% |
| DGX | QUEST DIAGNOSTIC | 10/21/03 | 14.3% | 30.7% | 7.8% | -3.4% | 55.5% |
| SHW | SHERWIN-WILLIAMS | 10/24/03 | 7.7% | 28.5% | 1.8% | 10.3% | 55.3% |
| KMI | KINDER MORGAN | 10/27/03 | 10.5% | 23.7% | 25.7% | -3.5% | 65.8% |
| IBM | IBM | 10/28/03 | 3.7% | 6.4% | -16.6% | -1.3% | -9.2% |
| ODP | OFFICE DEPOT INC | 10/29/03 | 12.1% | 3.9% | 80.9% | 19.8% | 152.5% |
| MCK | MCKESSON CORP | 10/30/03 | 6.2% | -2.2% | 64.0% | -0.7% | 69.3% |
| HON | HONEYWELL INTL | 11/4/03 | 10.0% | 5.9% | 5.2% | 12.5% | 37.8% |
| KSS | KOHLS CORP | 11/6/03 | -13.4% | 9.4% | -1.2% | 10.1% | 3.1% |
| MMM | 3M CO | 11/10/03 | 8.3% | -3.5% | -5.6% | 4.2% | 2.9% |
| SIAL | SIGMA-ALDRICH | 11/11/03 | 8.7% | 5.7% | 4.7% | 3.0% | 23.8% |
| KMI | KINDER MORGAN | 11/19/03 | 9.5% | 23.7% | 25.7% | -3.5% | 64.4% |
| TIF | TIFFANY & CO | 11/20/03 | 6.5% | -29.3% | 19.8% | -6.1% | -15.3% |
| MAT | MATTEL INC | 11/21/03 | -2.5% | 1.1% | -18.8% | 9.7% | -12.1% |
| YUM | YUM! BRANDS INC | 11/21/03 | 2.2% | 37.2% | -0.6% | 1.7% | 41.8% |
| X | US STEEL CORP | 11/25/03 | 42.4% | 46.3% | -6.2% | 29.3% | 152.6% |
| CMA | COMERICA INC | 12/1/03 | 3.8% | 8.8% | -7.0% | 1.6% | 6.8% |
| CAG | CONAGRA FOODS | 12/4/03 | 4.0% | 11.6% | -31.1% | 6.3% | -15.1% |
| AET | AETNA INC | 12/5/03 | 5.5% | 84.6% | 51.2% | -3.3% | 184.8% |
| PTV | PACTIV CORP | 12/5/03 | 6.3% | 5.8% | -13.0% | 6.6% | 4.3% |
| LOW | LOWE'S COS INC | 12/8/03 | -0.9% | 4.0% | 15.7% | -2.9% | 15.8% |
| MAS | MASCO CORP | 12/10/03 | -1.8% | 33.3% | -17.4% | 6.3% | 14.9% |
| HD | HOME DEPOT INC | 12/11/03 | 2.4% | 20.4% | -5.3% | 2.3% | 19.6% |
| NEM | NEWMONT MINING | 12/11/03 | 3.4% | -8.6% | 20.2% | -3.6% | 9.5% |
| ABS | ALBERTSON'S INC | 12/12/03 | 13.2% | 5.4% | -10.6% | 18.6% | 26.5% |
| T | AT&T INC | 12/12/03 | 4.8% | -1.2% | -5.0% | 5.3% | 3.7% |
| AMGN | AMGEN INC | 12/15/03 | 2.3% | 3.8% | 22.9% | -10.9% | 16.3% |
| PFE | PFIZER INC | 12/15/03 | 2.1% | -23.9% | -13.3% | 4.4% | -29.6% |
| UPC | UNION PLANTERS (acquired 6/30 | 12/15/03 | 2.9% | -5.3% | -2.6% | ||
| USB | US BANCORP | 12/16/03 | 5.0% | 6.7% | -4.6% | 1.6% | 8.6% |
| 2003 | 2004 | 2005 | 2006 | Cumulative | |||
| Average | 21.3% | 12.6% | 5.7% | 5.0% | 51.8% | ||
| Stdev | 23.0% | 21.3% | 20.8% | 10.5% | 57.4% | ||
| Count | 124 | 124 | 119 | 116 | 124 | ||
| % Positive | 91.9% | 78.2% | 53.8% | 72.4% | 87.1% | ||
| S&P | 17.1% | 9.0% | 3.0% | 3.1% | 35.5% | ||
| Diff | 4.3% | 3.6% | 2.7% | 1.9% | 16.4% | ||