OT: Scripts?; bondsThe term scripts has me confused. Please help.
I'm familiar with scripts in programming, drama plays, television, movies, even as a notice of rights to X shares in publicly-traded company Y.
Why would an analyst on ROB-tv say both stocks and scripts in the same sentence?
Please explain how Paul Murphy in this discussion of mining M&A activity could be using the term. He predicted that there would be fewer cash-weighted acquisitions and more acquisitions for stock or script.
Mining Mergers a Plenty [03-28-08 8:15 AM]
BNN speaks to Paul Murphy, partner and Canadian mining practice leader, Pricewaterhouse Coopers.
https://broadband.bnn.ca/?vid=41322
- about one minute in.
Long and foolishly overweight BCE, bullish on Teachers -The Red
P.S. The interview is interesting, worthwhile for financial sector specialists in addition to mine specialists.
P.P.S. I watched a bunch of Bell Canada bonds disappear out of the inventory late yesterday (E-Trade Canada). Funny, I had been doing some spreadsheet simulations on Bell Canada bonds and decided the return did not justify the risk. But for junk grade, it is very, very tempting.
Somebody seemed to like the bonds, couponed and stripped. Yes, you guessed it, these bonds disappeared well before the official annoucement. Not bad market timing.