Do you agree that corporate managers would manipulate their stock’s value prior to a buyback or do you believe that corporations are more likely to initiate a buyback to enhance shareholder value?

When CBS announced in March 2007 that it would buy back $1.4 billion worth of stock, its sagging share price saw the biggest spike since the media giant parted ways with Viacom in 2005b The 4.5 percent jump may be an omen of good fortune—at the very least it shows how much shareholders like buybacks.