Investing

What Happens When a Company like PG&E Goes Bankrupt?

what-happens-when-a-company-like-pge-goes-bankrupt



Sometimes, it’s possible to see a troubled company’s trajectory toward Chapter 11 from miles away. In the case of utility company PG&E (NYSE: PCG), the disaster was not truly obvious until it was almost too late to react. Now that its share price has cratered from the high $40s in November to single digits this week, the question for anyone who rode it all the way down (thinking, perhaps, that California wouldn’t let the company implode) is what to do now.

MarketFoolery host Chris Hill and longtime Fool contributor Dan Kline discuss the specific case for PG&E and how to handle such troubled assets more broadly in this segment of the podcast.
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11 Comments
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Robert Dunfee

11 Comments

  1. vsdfv3
    July 20, 2021 at 5:26 pm

    Got an update on this? PCG seems to be fine and heading up.

  2. Connor Jackson
    July 20, 2021 at 5:26 pm

    Pge had a 25% high today… Js.

  3. jt hohl
    July 20, 2021 at 5:26 pm

    PG&e is commuting theft

  4. equanimousawareness
    July 20, 2021 at 5:26 pm

    Are you sure these services NEED to be provided? That is in the eyes of pg&e?

  5. Laisse Faire
    July 20, 2021 at 5:26 pm

    The question on the title was not answered

  6. Mike Malone TV
    July 20, 2021 at 5:26 pm

    I bought @ $9/share…. It is now @ $18…. Got myself a 100% gain… should I sale and get out or keep riding the wave? opinions?

  7. Jefferson
    July 20, 2021 at 5:26 pm

    If they go bankrupt, will they cut electricity to the region? If so, that would assist the depopulation agenda.

  8. Mr. TM
    July 20, 2021 at 5:26 pm

    Buy solar panels, best investment yet.

  9. Robert Polkamp
    July 20, 2021 at 5:26 pm

    The bigger picture is to bar any stock in your portfolio that has business with or is based in California. It has served me well.

  10. Mark Myjak
    July 20, 2021 at 5:26 pm

    PG&E will reorganize thier debts under Ch-11 bankruptcy. Stock holders lose and get nothing. Vendors will also get nothing.

  11. IRINA BULICI
    July 20, 2021 at 5:26 pm

    Their bonds have been downgraded to JUNK; their stock is growing WORTHLESS. Unfortunately.