bond is much better buy than stock!
Some people buy the bond and short the stock.
I just short the stock...
I have news for you: if the bond yield is over 30% (according to you), stockholders and bondholders are all in big trouble! (I have no position in CZR or its bonds.)
perceived trouble. correct. long term, it can't sustain. however, short term bond at 30% yield happens often.
Check out Travelport. its bond yielding at 50%