On January 14, 2019, it was announced that PG&E (PCG) would file bankruptcy on January 29, 2019.
All along, we have felt that the actions of PG&E shortly before their bankruptcy filing in 2001 was done in the most disingenuous fashion reflecting their culture. This explains why we posted a September 4, 2011 blurb titled “PG&E Fleeces Investors and Consumers Alike.”
We expect that PG&E will easily achieve the 2001 low. When and if PG&E emerges from bankruptcy, we believe that any short-term gains are not worth the long-term instability that is a common feature of the company and the stock.