even if they meet the bankruptcy deadline, the amount of money they’ll need to spend to modernize their infrastructure (Mike Honcho)

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Nov 10, 2019
9:35:51pm

Mike Honcho All-American

even if they meet the bankruptcy deadline, the amount of money they’ll need to spend to modernize their infrastructure

is so huge that it’s hard to imagine them doing it before another wildfire knocks them out of business again.

I think odds are good that it’ll become a government run utility within the next 3 years.

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Mike Honcho

Previous username: BYUCoug11
Bio page: Mike Honcho
Joined: Feb 27, 2011
Last login: Dec 8, 2019
Total posts: 38,034 (6,180 FO)
Recent feedback given: 3 1
Recent feedback received: 23 2

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Messages

Author

Date

Would you guys buy PG&E at 6 dollars

tippmancoug

Nov 10, 9:08pm

I added them to my watch list.

Bert609

Nov 10, 9:12pm

Seems like the talk of certain cities in No CA taking over the power system

VballDad

Nov 10, 9:31pm

Stock is down something like 60% over 5-years

Bert609

Nov 10, 9:42pm

even if they meet the bankruptcy deadline, the amount of money they’ll need to spend to modernize their infrastructure

Mike Honcho

Nov 10, 9:35pm

Plenty of other superior bounce trade opps

MatthiasPhunkHausen

Nov 10, 10:15pm

I don’t buy individual stocks

Mr. Belding

Nov 10, 10:19pm

Action off the low of 6.11 - 6.40 held. Warrants a shot at the next level around 11.50.

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