Yes, and a bankrupt pile of garbage is not one of them, as any even half-sophisticated investor would tell you. You don't need to be up to your neck in 30-years to know buying a bankrupt company is a bad investment.
This is honestly not something I thought I'd ever have to type out in words on a forum full of tech folks.
The only way you're going to make any money -- at least in real terms -- on government bonds is if interest rates go even more insanely low so you can dump them on another superoptimistic person.
Similarly, those who plan to buy the "IBO" shares are probably expecting to profit when some good news comes up and bumps up the price long enough to sell.
They're both built on the assumption of being able to dump the security on another sucker.
Sure, you may get lucky, but the odds are unfavorable all along.
Because the odds on Hertz may actually be better than the odds in a Vegas casino and these people play that anyway?
Gambling odds are never in your favor--the house always wins.
Gamblers are always going into a situation where they are going to lose. The only difference with the Hertz situation is that if you can offload your stock to the next sucker before it tanks out, you "win".
That's pretty good odds for a gambler, actually.
The alternative I was thinking of was not a Vegas casino, but some other stock, or a derivative thereof.