Why in the heck is PG&E up 14 percent today? They filed chapter 11 this morning.?


Spock (rhp)

and at least two investment groups are aiming to offer $4 billion if they bankruptcy is voided -- seems they think the company is worth more alive than dead


Declaring bankruptcy apparently gets them out of having to pay for all the damages their power lines caused.

Casey Y

Chapter 11 and chapter 7 are two different things... Chapter 7 - company is liquidated and destroyed Chapter 11 - means a negotiation and a restructuring of debt Someone sees some value there, so they are buying...