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August 24, 2020

PG&E Redux…

Published by Kuppy at August 24, 2020
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I’m on vacation, but how could I escape the news that California is burning? While PG&E (PCG – USA) has yet to be blamed for these fires, as I sit here in the North Carolina mountains, it sure seems silly to tempt fate. Yeah, I know, I’m the fool for expecting an Event-Driven (ED) situation to work into the teeth of California’s fire season. Read More
Categories: Investments
Positions Mentioned: PCG
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July 2, 2020

PG&E Exits BK…

Published by Kuppy at July 2, 2020
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PG&E Corporation (PCG – USA) is an industry leader in arson and manslaughter. They also do something with electricity. PCG filed for bankruptcy in January of 2019 after they were unable to pay billions in claims. To call the bankruptcy process a klusterfuk, is generous to all involved. However, that’s all in the rearview mirror. A bunch of distressed funds teamed up to rig Read More
Categories: Investments
Positions Mentioned: PCG
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