Edgar Filing: RYERSON TULL INC /DE/ - Form DEF 14A
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN
The following chart compares the cumulative total stockholder return on our common stock for the five-year period ended December 31, 2002, with the cumulative total return of the Standard and Poor s Small Cap 600 Index, and to a peer group of metals distributors. Our performance prior to 1999 reflects an additional line of business, steel manufacturing, which at the time represented approximately half of our business. The peer group s performance for the entire time period reflects primarily the metals distribution business.
Because there is no nationally recognized industry index consisting of metals distributors to be used as a peer group index, we constructed our own peer group consisting of five other public companies in the metals distribution industry. The peer group includes A.M. Castle & Co., Friedman Industries Incorporated, Olympic Steel, Inc., Reliance Steel & Aluminum Co. and Steel Technologies Inc. Prior to 2003, we had also included in the peer group a sixth company, Metals USA, Inc., that we have now excluded from the peer group, because the impact of its reorganization under Chapter 11 of the Bankruptcy Code on its former and new-issue common stock compromises the comparability of its stock performance to that of the peer group. This comparison assumes the investment of $100 on December 31, 1997 and the reinvestment of dividends.