> If you want to speculate on that (or any other deeply troubled corp), buy
> the bonds, not the stock. The stock could well go to 0. I don't know what
> the bonds are trading at now, but they probably won't go to 0.
No. If you want to invest, the bonds are safer, but "if you want to speculate", the stock might triple and the bonds won't.
I wouldn't consider the risks to be balanced by hope of big gains unless the Dow hit 6000 or so, though. My guess is that's possible but not very likely.
-- Sandy Harris, Quanzhou, Fujian, China