Interval Leisure Group, Inc (NASDAQ:IILG)

From the Zero Hedge blog on 5/12/09:

In single name derisking there was a curious repeat of 3 of the last week's top 5 names, with Macy's and Munich Re feeling general fear and loathing, while not at all oddly someone really is dumping vacation timeshare seller and Interactive spinoff Interval Cruises, which barely budged from most hated name last week to merely second most hated name. IILG, whose equity has been caught in a vicious short squeeze over the past two months (and what hasn't) and has risen by almost 300% in that time period, continues to experience major capital structure arbitrage divergence for a second week running as accounts continue to purchase IILG CDS head over heels, implying, at least on the surface, that equity is blissfully unaware of something that will likely bite its head off any second.

In other words, the CDS market is telling us that those buying IILG stock are playing with a BOMB that will more likely than no BLOW UP IN THEIR FACE!