On Dec 24, 2008, at 5:29 PM, sandyinchina wrote:
> 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.
The stock could triple. But it could go to 0.
Professional vulture investors usually buy bonds, not stocks. If you want to play with distressed securities, play with the stuff with some assets behind them and senior to common stock in the credit structure. Buying GM bonds is a bet, not an "investment."
Doug