Why PG&E Shareholders Own More Liabilities Than Assets

As PG&E goes through the bankruptcy process, shareholders will find the utility company’s assets are likely worth less than its liabilities. As a result, there’s a very good chance PCG stock will likely go to zero or a tiny fraction of its current trading price.
Today, Dan examines its balance sheet and why assets aren’t worth as much as bulls expect.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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