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  • Eventus (R) Software from Cowan Research, L.C.

    Eventus (R) software is produced by Cowan Research, L.C. http://www.eventstudy.com/

    ESTIMATION PERIOD: Ends 20 days before the event date; 125 days in length.

    TOTAL SECURITY-EVENTS IN REQUEST FILE: 39

    SECURITY-EVENTS DROPPED: 0 SECURITY-EVENTS WITH USEABLE RETURNS: 39

    Minimum days of return data required for parameter estimation: 125

    NOTE: Cumulative window Z statistics are adjusted for serial depend- ence for the Patell or standardized cross-sectional test.

    NOTE: Useable returns means all nonmissing returns except the first day after a missing estimation period return. Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PROGRESS ENERGY INC PERMNO=23114 Event Date=20100114 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -1.34% -1.538 -1.173 0 0 -4 -0.41% -0.465 -0.355 1 1 -3 -0.27% -0.305 -0.232 1 1 -2 -1.24% -1.408 -1.079 0 0 -1 0.94% 1.078 0.823 0 0 0 0.02% 0.020 0.015

  • 1 1 +1 -0.38% -0.436 -0.334 1 1 +2 1.58% 1.800 1.377 0 0 +3 -0.14% -0.159 -0.122 1 1 +4 -0.82% -0.929 -0.716 0 0 +5 -0.40% -0.454 -0.351 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PROGRESS ENERGY INC PERMNO=23114 Event Date=20100114 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -3.22% -1.419 0 -1.419 0(-1,0) 0.96% 0.593 1 0.593 1(+1,+5) -0.22% -0.065 1 -0.065 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index TYCO INTERNATIONAL LTD SWTZLND PERMNO=45356 Event Date=20100120 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.72% 0.748 0.747 0 0 -4 -1.79% -1.865 -1.855 0 0 -3 0.71% 0.739 0.734 0 0 -2 1.59% 1.644 1.642 0 0 -1 0.55% 0.574 0.572 1 1 0 0.72% 0.743 0.742 0 0 +1 0.37% 0.385 0.387

  • 1 1 +2 -0.05% -0.048 -0.048 1 1 +3 -0.94% -0.975 -0.969 0 0 +4 -0.50% -0.521 -0.518 1 1 +5 -0.07% -0.077 -0.077 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index TYCO INTERNATIONAL LTD SWTZLND PERMNO=45356 Event Date=20100120 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 1.22% 0.634 1 0.634 1(-1,0) 1.28% 0.929 0 0.929 0(+1,+5) -1.16% -0.548 1 -0.548 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index KRAFT FOODS INC A PERMNO=89006 Event Date=20100202 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.39% 0.372 0.300 1 1 -4 1.99% 1.906 1.534 0 0 -3 -0.76% -0.725 -0.587 0 1 -2 -1.05% -1.006 -0.814 0 0 -1 0.99% 0.945 0.764 0 0 0 1.19% 1.140 0.921 0 0 +1 0.07% 0.067 0.054 1 1 +2 0.63% 0.581 0.486

  • 1 1 +3 0.09% 0.082 0.066 1 1 +4 -0.04% -0.041 -0.033 1 1 +5 1.49% 1.418 1.146 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index KRAFT FOODS INC A PERMNO=89006 Event Date=20100202 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.52% 0.217 1 0.217 1(-1,0) 2.20% 1.192 0 1.192 0(+1,+5) 2.23% 0.768 0 0.768 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index METLIFE INC PERMNO=87842 Event Date=20100203 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 1.11% 0.845 0.603 0 1 -4 0.56% 0.425 0.305 1 1 -3 1.57% 1.187 0.852 0 0 -2 -1.34% -1.012 -0.726 0 0 -1 -1.31% -0.990 -0.709 0 0 0 -3.05% -2.311 -1.652 0 0 +1 6.97% 5.097 3.778 0 0 +2 -0.57% -0.432 -0.308 1 1 +3 -1.01% -0.765 -0.548

  • 0 1 +4 1.66% 1.253 0.899 0 0 +5 -0.12% -0.093 -0.066 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index METLIFE INC PERMNO=87842 Event Date=20100203 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 1.90% 0.517 1 0.517 1(-1,0) -4.40% -1.669 0 -1.669 0(+1,+5) 6.85% 1.679 0 1.679 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index BERKSHIRE HATHAWAY INC DEL B PERMNO=83443 Event Date=20100204 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 4.06% 4.113 3.833 0 0 -4 4.28% 4.336 4.038 0 0 -3 -2.29% -2.320 -2.160 0 0 -2 -0.65% -0.661 -0.615 1 1 -1 -1.22% -1.238 -1.149 0 0 0 -0.34% -0.335 -0.322 1 1 +1 1.14% 1.160 1.075 0 0 +2 1.41% 1.431 1.331 0 0 +3 -0.47% -0.481 -0.447 1 1 +4 -0.06% -0.064 -0.059

  • 1 1 +5 2.28% 2.317 2.153 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index BERKSHIRE HATHAWAY INC DEL B PERMNO=83443 Event Date=20100204 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 5.45% 2.548 0 2.548 0(-1,0) -1.53% -1.040 0 -1.040 0(+1,+5) 4.39% 1.812 0 1.812 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index WINDSTREAM CORP PERMNO=91391 Event Date=20100204 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.31% 0.267 0.251 1 1 -4 -0.62% -0.530 -0.498 1 1 -3 -1.65% -1.412 -1.328 0 0 -2 1.93% 1.657 1.555 0 0 -1 -0.07% -0.060 -0.056 1 1 0 -1.51% -1.254 -1.218 0 0 +1 -2.11% -1.818 -1.700 0 0 +2 0.22% 0.185 0.174 1 1 +3 0.31% 0.267 0.250 1 1 +4 0.60% 0.521 0.488 1 1 +5 -1.57% -1.355 -1.271

  • 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index WINDSTREAM CORP PERMNO=91391 Event Date=20100204 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.05% -0.010 1 -0.010 1(-1,0) -1.58% -0.901 0 -0.901 0(+1,+5) -2.58% -0.921 0 -0.921 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index AVON PRODUCTS INC PERMNO=40416 Event Date=20100205 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -1.70% -1.240 -1.251 0 0 -4 1.91% 1.391 1.404 0 0 -3 2.94% 2.149 2.164 0 0 -2 0.95% 0.696 0.700 0 0 -1 -3.71% -2.622 -2.733 0 0 0 -3.75% -2.748 -2.759 0 0 +1 0.79% 0.576 0.580 1 1 +2 -0.53% -0.386 -0.390 1 1 +3 -0.29% -0.209 -0.210 1 1 +4 0.06% 0.041 0.041 1 1 +5 -1.08% -0.791 -0.794 0 0 ------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index AVON PRODUCTS INC PERMNO=40416 Event Date=20100205 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 4.06% 1.508 0 1.508 0(-1,0) -7.20% -3.884 0 -3.884 0(+1,+5) -1.06% -0.345 1 -0.345 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index XEROX CORP PERMNO=27983 Event Date=20100208 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 1.28% 0.559 0.564 1 1 -4 0.47% 0.206 0.207 1 1 -3 -1.10% -0.482 -0.485 1 1 -2 -0.61% -0.257 -0.269 1 1 -1 -2.43% -1.067 -1.071 0 0 0 0.53% 0.233 0.234 1 1 +1 -2.29% -1.002 -1.010 0 0 +2 0.92% 0.402 0.404 1 1 +3 2.38% 1.042 1.049 0 0 +4 0.11% 0.047 0.047 1 1 +5 -0.86% -0.375 -0.380 1 1 ------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index XEROX CORP PERMNO=27983 Event Date=20100208 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.03% 0.009 1 0.009 1(-1,0) -1.89% -0.592 1 -0.592 1(+1,+5) 0.23% 0.049 1 0.049 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index AVON PRODUCTS INC PERMNO=40416 Event Date=20100211 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -3.93% -2.647 -2.765 0 0 -4 -3.74% -2.624 -2.634 0 0 -3 0.72% 0.506 0.510 1 1 -2 -0.45% -0.317 -0.320 1 1 -1 -0.31% -0.215 -0.216 1 1 0 0.12% 0.084 0.085 1 1 +1 -1.09% -0.767 -0.770 0 0 +2 1.04% 0.726 0.735 0 0 +3 0.83% 0.581 0.584 1 1 +4 0.80% 0.561 0.564 1 1 +5 -1.55% -1.087 -1.091 0 0 ------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index AVON PRODUCTS INC PERMNO=40416 Event Date=20100211 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -7.19% -2.604 0 -2.604 0(-1,0) -0.19% -0.093 1 -0.093 1(+1,+5) -0.03% 0.010 1 0.010 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index FIRSTENERGY CORP PERMNO=23026 Event Date=20100211 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.03% 0.031 0.030 1 1 -4 -1.10% -1.117 -1.066 0 0 -3 -0.79% -0.800 -0.766 0 0 -2 0.84% 0.855 0.821 0 0 -1 -0.59% -0.598 -0.571 1 1 0 -5.37% -5.452 -5.227 0 0 +1 -0.99% -1.005 -0.960 0 0 +2 -1.23% -1.239 -1.194 0 0 +3 -1.98% -2.018 -1.928 0 0 +4 0.14% 0.145 0.139 1 1 +5 2.12% 2.158 2.061 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C.

  • Market Model, Value Weighted Index FIRSTENERGY CORP PERMNO=23026 Event Date=20100211 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -1.00% -0.491 1 -0.491 1(-1,0) -5.93% -4.099 0 -4.099 0(+1,+5) -2.00% -0.842 0 -0.842 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index COSTCO WHOLESALE CORP NEW PERMNO=87055 Event Date=20100216 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.25% -0.226 -0.218 1 1 -4 0.07% 0.061 0.058 1 1 -3 1.01% 0.904 0.868 0 0 -2 0.00% -0.001 -0.001 1 1 -1 -0.68% -0.606 -0.582 1 1 0 1.06% 0.944 0.915 0 0 +1 0.24% 0.218 0.210 1 1 +2 -0.63% -0.566 -0.544 1 1 +3 0.06% 0.051 0.049 1 1 +4 -0.56% -0.499 -0.479 1 1 +5 0.37% 0.327 0.316 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index

  • COSTCO WHOLESALE CORP NEW PERMNO=87055 Event Date=20100216 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.83% 0.354 1 0.354 1(-1,0) 0.37% 0.235 1 0.235 1(+1,+5) -0.52% -0.200 1 -0.200 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index OWENS ILL INC PERMNO=77157 Event Date=20100217 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.41% -0.224 -0.224 1 1 -4 -1.28% -0.711 -0.707 0 0 -3 0.62% 0.342 0.342 1 1 -2 0.46% 0.255 0.253 1 1 -1 0.70% 0.385 0.387 1 1 0 -1.77% -0.986 -0.981 0 0 +1 1.78% 0.992 0.988 0 0 +2 1.63% 0.910 0.905 0 0 +3 0.16% 0.089 0.088 1 1 +4 0.86% 0.474 0.475 1 1 +5 1.27% 0.705 0.702 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index OWENS ILL INC PERMNO=77157 Event Date=20100217

  • Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.65% -0.168 1 -0.168 1(-1,0) -1.12% -0.420 1 -0.420 1(+1,+5) 5.80% 1.412 0 1.412 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SARA LEE CORP PERMNO=22840 Event Date=20100217 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.81% 0.475 0.460 1 1 -4 2.23% 1.315 1.266 0 0 -3 -0.47% -0.279 -0.270 1 1 -2 0.12% 0.071 0.068 1 1 -1 2.45% 1.432 1.392 0 0 0 1.62% 0.957 0.921 0 0 +1 1.07% 0.629 0.606 1 1 +2 0.30% 0.177 0.171 1 1 +3 -1.80% -1.061 -1.021 0 0 +4 -0.10% -0.058 -0.057 1 1 +5 1.61% 0.949 0.915 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SARA LEE CORP PERMNO=22840 Event Date=20100217 Abnormal

  • Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 2.72% 0.762 0 0.762 0(-1,0) 4.13% 1.635 0 1.635 0(+1,+5) 1.05% 0.275 1 0.275 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SIMON PROPERTY GROUP INC NEW PERMNO=80100 Event Date=20100217 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -2.71% -1.559 -1.420 0 0 -4 -0.26% -0.151 -0.137 1 1 -3 0.06% 0.037 0.033 1 1 -2 1.06% 0.616 0.558 1 1 -1 0.65% 0.372 0.340 1 1 0 0.47% 0.271 0.245 1 1 +1 0.63% 0.367 0.332 1 1 +2 0.12% 0.068 0.062 1 1 +3 1.32% 0.766 0.694 0 0 +4 1.33% 0.767 0.701 0 0 +5 -2.09% -1.206 -1.095 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SIMON PROPERTY GROUP INC NEW PERMNO=80100 Event Date=20100217 Abnormal Buy-and-HoldDays Return p-value p-value

  • -----------------------------------------------------------------(-5,-2) -1.86% -0.483 1 -0.483 1(-1,0) 1.15% 0.414 1 0.414 1(+1,+5) 1.34% 0.310 1 0.310 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index S L M CORP PERMNO=66325 Event Date=20100226 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 1.47% 0.459 0.450 1 1 -4 1.61% 0.501 0.492 1 1 -3 -0.42% -0.129 -0.127 1 1 -2 -0.63% -0.195 -0.192 1 1 -1 -0.18% -0.055 -0.054 1 1 0 0.59% 0.185 0.182 1 1 +1 -4.07% -1.266 -1.247 0 0 +2 2.19% 0.682 0.669 0 1 +3 0.62% 0.192 0.189 1 1 +4 1.73% 0.539 0.529 1 1 +5 0.76% 0.236 0.233 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index S L M CORP PERMNO=66325 Event Date=20100226 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 2.00% 0.311 1 0.311 1

  • (-1,0) 0.42% 0.090 1 0.090 1(+1,+5) 1.26% 0.167 1 0.167 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SPRINT NEXTEL CORP PERMNO=39087 Event Date=20100304 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.54% 0.139 0.138 1 1 -4 1.06% 0.274 0.272 1 1 -3 0.00% 0.000 0.000 1 1 -2 -2.34% -0.604 -0.598 1 1 -1 -1.32% -0.341 -0.338 1 1 0 -1.31% -0.338 -0.335 1 1 +1 -1.58% -0.406 -0.404 1 1 +2 3.66% 0.947 0.938 0 0 +3 6.32% 1.635 1.620 0 0 +4 0.13% 0.035 0.034 1 1 +5 0.85% 0.220 0.218 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index SPRINT NEXTEL CORP PERMNO=39087 Event Date=20100304 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.78% -0.095 1 -0.095 1(-1,0) -2.62% -0.476 1 -0.476 1(+1,+5) 9.91% 1.075 0 1.075 0

  • ----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PROGRESS ENERGY INC PERMNO=23114 Event Date=20100311 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.31% -0.420 -0.314 1 1 -4 -0.85% -1.153 -0.866 0 0 -3 -0.28% -0.387 -0.289 1 1 -2 -0.30% -0.405 -0.303 1 1 -1 -0.13% -0.175 -0.131 1 1 0 0.33% 0.453 0.338 1 1 +1 -0.57% -0.774 -0.578 0 1 +2 0.99% 1.354 1.011 0 0 +3 0.78% 1.060 0.793 0 0 +4 0.76% 1.045 0.781 0 0 +5 0.16% 0.224 0.168 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PROGRESS ENERGY INC PERMNO=23114 Event Date=20100311 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -1.73% -0.886 0 -0.886 0(-1,0) 0.20% 0.147 1 0.147 1(+1,+5) 2.14% 0.972 0 0.972 0-----------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index ASHLAND INC NEW PERMNO=24272 Event Date=20100312 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.65% -0.303 -0.276 1 1 -4 -0.97% -0.460 -0.416 1 1 -3 0.10% 0.047 0.043 1 1 -2 -0.21% -0.097 -0.088 1 1 -1 -0.26% -0.121 -0.109 1 1 0 0.56% 0.264 0.239 1 1 +1 1.60% 0.756 0.685 0 0 +2 -3.24% -1.524 -1.382 0 0 +3 1.40% 0.661 0.599 1 1 +4 -1.16% -0.547 -0.496 1 1 +5 -2.41% -1.135 -1.029 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index ASHLAND INC NEW PERMNO=24272 Event Date=20100312 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -1.74% -0.368 1 -0.368 1(-1,0) 0.31% 0.091 1 0.091 1(+1,+5) -3.89% -0.726 0 -0.726 0-----------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MCKESSON H B O C INC PERMNO=81061 Event Date=20100312 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.52% 0.474 0.429 1 1 -4 -1.82% -1.672 -1.501 0 0 -3 -1.03% -0.946 -0.850 0 0 -2 -0.02% -0.021 -0.019 1 1 -1 -0.45% -0.410 -0.368 1 1 0 0.96% 0.883 0.793 0 0 +1 -0.53% -0.490 -0.439 1 1 +2 0.42% 0.383 0.345 1 1 +3 2.41% 2.213 1.988 0 0 +4 0.63% 0.581 0.522 1 1 +5 1.53% 1.400 1.259 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MCKESSON H B O C INC PERMNO=81061 Event Date=20100312 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -2.38% -0.970 0 -0.970 0(-1,0) 0.51% 0.300 1 0.300 1(+1,+5) 4.53% 1.643 0 1.643 0-----------------------------------------------------------------

  • Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index STANLEY BLACK & DECKER INC PERMNO=43350 Event Date=20100315 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.29% -0.206 -0.207 1 1 -4 -0.01% -0.009 -0.009 1 1 -3 -0.52% -0.369 -0.371 1 1 -2 -1.52% -1.081 -1.085 0 0 -1 -1.90% -1.356 -1.362 0 0 0 -0.53% -0.376 -0.377 1 1 +1 -0.83% -0.588 -0.591 1 1 +2 0.42% 0.301 0.303 1 1 +3 0.22% 0.153 0.154 1 1 +4 -0.29% -0.209 -0.210 1 1 +5 0.82% 0.580 0.583 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index STANLEY BLACK & DECKER INC PERMNO=43350 Event Date=20100315 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -2.35% -0.836 0 -0.836 0(-1,0) -2.43% -1.229 0 -1.229 0(+1,+5) 0.34% 0.106 1 0.106 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index

  • PEPSICO INC PERMNO=13856 Event Date=20100317 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.17% -0.191 -0.160 1 1 -4 0.60% 0.663 0.557 1 1 -3 0.12% 0.126 0.106 1 1 -2 1.59% 1.745 1.465 0 0 -1 -0.57% -0.619 -0.521 1 1 0 0.45% 0.495 0.416 1 1 +1 -0.04% -0.039 -0.032 1 1 +2 0.32% 0.351 0.295 1 1 +3 -0.69% -0.762 -0.640 0 1 +4 0.43% 0.469 0.395 1 1 +5 -0.65% -0.714 -0.601 0 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PEPSICO INC PERMNO=13856 Event Date=20100317 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 2.16% 0.984 0 0.984 0(-1,0) -0.12% -0.074 1 -0.074 1(+1,+5) -0.64% -0.261 1 -0.261 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index LIZ CLAIBORNE INC

  • PERMNO=49905 Event Date=20100323 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -3.00% -0.674 -0.632 1 1 -4 0.81% 0.182 0.171 1 1 -3 0.48% 0.108 0.101 1 1 -2 1.04% 0.234 0.219 1 1 -1 -3.82% -0.859 -0.804 0 0 0 -0.75% -0.168 -0.158 1 1 +1 0.24% 0.055 0.052 1 1 +2 2.88% 0.647 0.606 1 1 +3 0.93% 0.210 0.196 1 1 +4 -1.65% -0.371 -0.348 1 1 +5 -0.43% -0.097 -0.090 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index LIZ CLAIBORNE INC PERMNO=49905 Event Date=20100323 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.68% -0.071 1 -0.071 1(-1,0) -4.61% -0.680 0 -0.680 0(+1,+5) 1.98% 0.186 1 0.186 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MASSEY ENERGY CO PERMNO=26382 Event Date=20100406

  • CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 5.05% 2.572 1.980 0 0 -4 -2.70% -1.376 -1.058 0 0 -3 -0.83% -0.421 -0.324 1 1 -2 -0.95% -0.485 -0.374 1 1 -1 0.40% 0.205 0.158 1 1 0 -12.18% -6.206 -4.772 0 0 +1 -5.51% -2.805 -2.160 0 0 +2 1.06% 0.542 0.417 1 1 +3 -0.68% -0.347 -0.267 1 1 +4 -2.19% -1.114 -0.857 0 0 +5 -2.37% -1.210 -0.930 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MASSEY ENERGY CO PERMNO=26382 Event Date=20100406 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.39% 0.112 1 0.112 1(-1,0) -12.13% -3.262 0 -3.262 0(+1,+5) -9.73% -1.698 0 -1.698 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MACYS INC PERMNO=77462 Event Date=20100407 CDCSI Standardized Standardized

  • Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 2.02% 0.925 0.924 0 0 -4 -1.38% -0.630 -0.629 1 1 -3 1.44% 0.658 0.658 1 1 -2 0.93% 0.423 0.424 1 1 -1 -1.40% -0.641 -0.640 1 1 0 -0.15% -0.067 -0.067 1 1 +1 0.35% 0.161 0.161 1 1 +2 2.84% 1.298 1.298 0 0 +3 -2.79% -1.276 -1.275 0 0 +4 1.08% 0.492 0.491 1 1 +5 1.45% 0.660 0.663 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MACYS INC PERMNO=77462 Event Date=20100407 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 3.06% 0.688 0 0.688 0(-1,0) -1.54% -0.500 1 -0.500 1(+1,+5) 2.96% 0.598 1 0.598 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index LOWES COMPANIES INC PERMNO=61399 Event Date=20100408 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return

  • ------------------------------------------------------------ -5 -0.20% -0.158 -0.157 1 1 -4 0.51% 0.408 0.406 1 1 -3 0.52% 0.420 0.418 1 1 -2 0.25% 0.198 0.196 1 1 -1 1.51% 1.212 1.206 0 0 0 1.08% 0.872 0.866 0 0 +1 -0.42% -0.338 -0.336 1 1 +2 -0.29% -0.237 -0.235 1 1 +3 2.34% 1.881 1.869 0 0 +4 0.36% 0.288 0.287 1 1 +5 0.23% 0.186 0.185 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index LOWES COMPANIES INC PERMNO=61399 Event Date=20100408 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 1.09% 0.432 1 0.432 1(-1,0) 2.61% 1.465 0 1.465 0(+1,+5) 2.25% 0.791 0 0.791 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index DYNEGY INC DEL A PERMNO=90352 Event Date=20100412 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.87% 0.305 0.307

  • 1 1 -4 2.45% 0.861 0.864 0 0 -3 -2.94% -1.034 -1.039 0 0 -2 -4.00% -1.407 -1.413 0 0 -1 -0.41% -0.145 -0.146 1 1 0 1.78% 0.625 0.627 1 1 +1 0.23% 0.082 0.083 1 1 +2 4.70% 1.647 1.661 0 0 +3 -2.02% -0.712 -0.715 0 0 +4 -2.70% -0.940 -0.953 0 0 +5 -2.45% -0.861 -0.864 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index DYNEGY INC DEL A PERMNO=90352 Event Date=20100412 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -3.75% -0.640 1 -0.640 1(-1,0) 1.36% 0.341 1 0.341 1(+1,+5) -2.47% -0.352 1 -0.352 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index TYCO INTERNATIONAL LTD SWTZLND PERMNO=45356 Event Date=20100412 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.36% 0.376 0.372 1 1 -4 0.21% 0.224 0.221

  • 1 1 -3 -0.04% -0.045 -0.045 1 1 -2 0.25% 0.260 0.258 1 1 -1 0.18% 0.188 0.186 1 1 0 -0.96% -1.007 -0.996 0 0 +1 0.17% 0.183 0.180 1 1 +2 -0.13% -0.135 -0.134 1 1 +3 0.17% 0.181 0.179 1 1 +4 1.06% 1.110 1.109 0 0 +5 -0.52% -0.549 -0.543 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index TYCO INTERNATIONAL LTD SWTZLND PERMNO=45356 Event Date=20100412 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.78% 0.403 1 0.403 1(-1,0) -0.78% -0.573 1 -0.573 1(+1,+5) 0.78% 0.354 1 0.354 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PEPCO HOLDINGS INC PERMNO=23501 Event Date=20100421 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 -0.89% -0.886 -0.853 0 0 -4 -0.61% -0.611 -0.585 1 1 -3 -0.35% -0.352 -0.341

  • 1 1 -2 0.72% 0.725 0.695 0 0 -1 -4.21% -4.223 -4.058 0 0 0 4.09% 4.117 3.945 0 0 +1 -2.04% -2.051 -1.966 0 0 +2 -1.02% -1.021 -0.980 0 0 +3 -0.50% -0.506 -0.485 1 1 +4 1.25% 1.234 1.209 0 0 +5 -0.07% -0.075 -0.072 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index PEPCO HOLDINGS INC PERMNO=23501 Event Date=20100421 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -1.12% -0.542 1 -0.542 1(-1,0) -0.26% -0.080 1 -0.080 1(+1,+5) -2.34% -1.026 0 -1.026 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index CENTURYTEL INC PERMNO=60599 Event Date=20100422 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 0.31% 0.297 0.277 1 1 -4 0.16% 0.156 0.147 1 1 -3 0.20% 0.191 0.178 1 1 -2 0.21% 0.205 0.191

  • 1 1 -1 -0.86% -0.833 -0.777 0 0 0 -3.55% -3.441 -3.209 0 0 +1 -2.44% -2.361 -2.205 0 0 +2 -0.92% -0.895 -0.835 0 0 +3 0.56% 0.527 0.503 1 1 +4 -0.10% -0.095 -0.089 1 1 +5 0.13% 0.124 0.116 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index CENTURYTEL INC PERMNO=60599 Event Date=20100422 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.88% 0.397 1 0.397 1(-1,0) -4.39% -2.819 0 -2.819 0(+1,+5) -2.75% -1.122 0 -1.122 0----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index DILLARDS INC A PERMNO=49429 Event Date=20100422 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 1.87% 0.700 0.673 0 1 -4 -0.19% -0.072 -0.070 1 1 -3 0.42% 0.156 0.150 1 1 -2 -1.50% -0.561 -0.540 1 1 -1 1.29% 0.482 0.463

  • 1 1 0 3.39% 1.269 1.219 0 0 +1 2.32% 0.869 0.836 0 0 +2 1.47% 0.551 0.529 1 1 +3 -0.25% -0.093 -0.091 1 1 +4 -2.11% -0.787 -0.757 0 0 +5 -0.62% -0.231 -0.223 1 1 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index DILLARDS INC A PERMNO=49429 Event Date=20100422 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) 0.55% 0.106 1 0.106 1(-1,0) 4.74% 1.189 0 1.189 0(+1,+5) 0.70% 0.131 1 0.131 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MATTEL INC PERMNO=39538 Event Date=20100423 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 1.75% 1.520 1.540 0 0 -4 -1.71% -1.496 -1.500 0 0 -3 -0.60% -0.521 -0.524 1 1 -2 -0.21% -0.186 -0.186 1 1 -1 -1.20% -1.052 -1.055 0 0 0 -0.37% -0.323 -0.325

  • 1 1 +1 1.53% 1.340 1.344 0 0 +2 -0.32% -0.275 -0.282 1 1 +3 -0.80% -0.705 -0.707 0 0 +4 0.34% 0.296 0.298 1 1 +5 -1.20% -1.041 -1.056 0 0 ------------------------------------------------------------ Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index MATTEL INC PERMNO=39538 Event Date=20100423 Abnormal Buy-and-HoldDays Return p-value p-value-----------------------------------------------------------------(-5,-2) -0.76% -0.335 1 -0.335 1(-1,0) -1.58% -0.975 0 -0.975 0(+1,+5) -0.51% -0.180 1 -0.180 1----------------------------------------------------------------- Eventus (R) Software from Cowan Research, L.C. Market Model, Value Weighted Index WEATHERFORD INTL LTD NEW PERMNO=32791 Event Date=20100427 CDCSI Standardized Standardized Abnormal Abnormal Abnormal Day Return Return Return------------------------------------------------------------ -5 4.73% 2.406 2.385 0 0 -4 -3.01% -1.537 -1.518 0 0 -3 0.45% 0.232 0.229 1 1 -2 5.38% 2.741 2.713 0 0 -1 3.94% 2.012 1.989 0 0 0 1.82% 0.909 0.919 0 0 +1 1.08% 0.551 0.545

  • 1 1 +2 -0.13% -0.068 -0.068 1 1 +3 0.64% 0.322 0.322 1 1