I own two issues of OSG bonds. These are two of the worst performing bonds in my portfolio of junk bonds. IMHO these bonds have been performing better than the stock, especially considering that the interest payments received are based on the face value ($100). Charts of each bond and the stock follow:

OVERSEAS SHIPHOLDING GROUP INC 7.50000% 02/15/2024 SR NT

OVERSEAS SHIPHOLDING GROUP INC 08.12500% 03/30/2018 CALL MAKE WHOLE

OSG Stock
It is the stock market’s volatility that scares away the investor and that attracts the trader. The risk is the same (high probability of bankruptcy and therefore loss of invested capital). I sleep well at night and work well in daytime because I keep each position size small (max 5% per corporation) and invest mostly in corporate bonds (lower volatility than stocks). It is fun to trade stocks, but they need more frequent baby sitting than bonds. The two markets are very different, as the above charts demonstrate.

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