What Happens When a Company like PG&E Goes Bankrupt?
What Happens When a Company like PG&E Goes Bankrupt? – Latest News Today
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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