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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12438648 No.12438648 [Reply] [Original]

Are you jizzlords gobbling up PG&E today or what?

>> No.12438672

>>12438648

>18 billion in longterm debt


no lol

>> No.12438687

>>12438648
Why so I can get double fucked by their falling knife and their rate increases?

>> No.12438705

>>12438672
Discuss-
They haven't actually filed for bankruptcy yet
They haven't actually been found liable
The state/feds may bail them out anyway

>> No.12439339
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12439339

>>12438648
I lost thousands in SUNE. I'm staying very far away.

>> No.12439348

>>12438648
Fuck off boomer.

>> No.12439351

>>12438648
Yeah. Puts.

>> No.12439353
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12439353

>>12438705
>PG&E Corp. stock cratered Monday after the company said it will file for Chapter 11 bankruptcy protection amid the financial anguish stemming from its part in helping spark a wave of historic wildfires in California.

>> No.12439356

>>12438648
Also, it's commiefornia, the company will be nationalized and all of its shares will be taken from you and given to the niggers who work for the state government.

>> No.12439373

>>12438648
Do you like catching falling knives or something? This shit is going way down, and might possibly go to full bankruptcy where trading will be halted and you will lose all of your shekels because it takes years to sort through what the stock holders get, if they get anything at all.

>> No.12440045

>>12439373
This is gonna be an episode for the history books.
California has been fucked several times by private utilities.
I can remember the rolling brownouts during Gov. Gray Davis and the Enron saga.
All things considered, the CA public at large is most likely gonna take the L for PGE.

>> No.12440057

>>12439353
How can a company create this much liability on themselves then just say "lol fuck you we're not paying our bills"?

>> No.12440071
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12440071

>>12440045
>not being on your own power grid with solar

>> No.12440090

>>12440057
because they know that California will bail them out again, just like the last 3 times they have filed for bankruptcy. Now you know where the high taxes in California all go.

>> No.12440306
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12440306

>>12440090
also goes towards Jerry's famed high speed rail money pit project. This fucking state is so mismanaged I don't know why people continue to vote these fucks in.
t. Californian paying severe taxes