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|Includes:ATP Oil & Gas Corp. (ATPAQ)

Why buy this stock when you can buy the bonds instead ?
The very high yield (30%+) on the bonds tells you that the market believes that ATPG may wind up in bankruptcy court. The bonds look like a much safer investment than the stock.

Disclosure: I am long ATPG.

Additional disclosure: Long the bonds, not the stock

Stocks: ATPAQ