[AJ007]

Just had to look this one up. PG&E's first bankruptcy was April 6, 2001. Based on the stock price decline prior to that, it looks like their shareholders thought everything was ok in November of 2000 and the stock was $27 (it bottomed out at $8.97 in April of 2001.) As of today, the stock is worth $15.97.

If we go back 30 years to 1995 -- and you invested $10,000 in PG&E and $10,000 in the S&P500, and reinvested the dividends -- today the PG&E investment would be worth $11,708. The S&P investment would be worth $201,420.

To put it in simpler terms, the PG&E investors look like gullible fools.

[vkou]

1. The stock recovered within 2 years and then shot to the moon.

2. You're not counting all the dividends they've siphoned out.

3. The reason it's at $16 today is because the company destroyed its own value... By prioritizing dividends over maintenance. Which killed a lot of people, destroyed a ton of property, with the damages exceeding the value of the firm. Yet, instead of being zeroed out, the shareholders are still there, still collecting dividends, and in a few years of guaranteed 10% margins, I'm sure the stock will recover.

[JumpCrisscross]

> The stock recovered within 2 years and then shot to the moon

After the bankruptcy? Did the shareholders maintain their ownership through bankruptcy? Or were the creditors turned into shareholders?