- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Will PCG go to zero?
Posted on 10/28/19 at 9:20 am
Posted on 10/28/19 at 9:20 am
I'm in on PCG for 2k shares at 5.26. Thinking about a few thousand more since it dropped into the 3.50 range this morning. I do not understand enough about stocks to know if the largest utility company in California can go to zero or if the government will step in and take over? What will happen to the stock if California decides to take over the company?
3
Posted on 10/28/19 at 12:19 pm to Bone06
quote:
I do not understand enough about stocks to know if the largest utility company in California can go to zero or if the government will step in and take over? What will happen to the stock if California decides to take over the company?
CA could very well step in and the commons still get wiped.
Posted on 10/28/19 at 8:32 pm to chillygentilly
Yeah, the company may not go away, but it will have new ownership and the shareholders may well get zeroed out.
Posted on 10/29/19 at 3:36 pm to Bone06
Believe me, I’m not trying to be a richard or anything... but you just said that you’ve got over 10 grand tied up in this stock, and you’re thinking about sinking thousands more into it, yet you say:
That just baffles me. No offense to you, but why do people put money into stocks or other investments, and they don’t fully (or even partially) understand the ramifications?
To answer your question, yes, they can go into bankruptcy without going out of business or liquidating. And yes, your (common) stock can certainly go to zero.
quote:
I do not understand enough about stocks to know if the largest utility company in California can go to zero
That just baffles me. No offense to you, but why do people put money into stocks or other investments, and they don’t fully (or even partially) understand the ramifications?
To answer your question, yes, they can go into bankruptcy without going out of business or liquidating. And yes, your (common) stock can certainly go to zero.
Posted on 10/30/19 at 6:09 am to Jag_Warrior
quote:
That just baffles me. No offense to you, but why do people put money into stocks or other investments, and they don’t fully (or even partially) understand the ramifications?
I do partially understand the ramifications. Losing 10k would suck. I guess it's just like people who go to the casino, I'm trying to win big.
Posted on 10/30/19 at 8:22 am to Bone06
quote:
I guess it's just like people who go to the casino, I'm trying to win big.
Posted on 10/30/19 at 8:38 am to Bone06
I invest some of the time. I trade some of the time. But no, I’m generally not one to gamble... especially if I don’t know the rules before I bet.
It’s just me, but I try to stick with higher probability trading and investment strategies that can be replicated. I tend to have lots of little winners and put a limit on the losers. Nothing wrong with taking a flier with some play money (like buying a lottery ticket), I suppose. But long term, they can seldom be replicated.
Good luck with it though.
It’s just me, but I try to stick with higher probability trading and investment strategies that can be replicated. I tend to have lots of little winners and put a limit on the losers. Nothing wrong with taking a flier with some play money (like buying a lottery ticket), I suppose. But long term, they can seldom be replicated.
Good luck with it though.
Posted on 10/30/19 at 9:00 am to Jag_Warrior
quote:
Good luck with it though.
I turned out okay. I got out this morning at 5.90 with a nice little gain. I just started playing around with stocks because I'm working in a location where playing poker is limited. Most of my extra money goes to real estate and 401k. I just asked the question on here because I was to lazy to find it after a few searches didn't give me a clear picture as to how likely it was.
Thank for the input
Posted on 10/30/19 at 9:29 am to castorinho
quote:
I guess it's just like people who go to the casino, I'm trying to win big.
i mean... i get this guys sentiment. loads of people go to casino's and throw thousands on poor choices, bets that are 100 to 1 odds. throwing a few thousand on a utility company that millions of people rely upon, that has been been to the bottom and back already once before, that could be bailed out by a number of different entities really isn't that bad of a gamble relatively speaking(to a casino). But, agreed, let's not talk about "investing" in PCG like it's some strategic move, it's not. It's 100% gamble at this point.
This post was edited on 10/30/19 at 9:30 am
Posted on 10/30/19 at 9:38 am to TexasTiger34
Speculating in one's portfolio is fine. Just gotta make sure it's not a big piece of the pie.
Posted on 10/30/19 at 1:52 pm to Bone06
it's very hard for a utility to go under, it's not like people are going to stop buying electricity
Posted on 12/17/19 at 8:36 am to DVinBR
I have this on my watch list and this thing has wild swings lately. Anyone trading this guy?
I don't do options, but looks like this would be a perfect candidate.
I don't do options, but looks like this would be a perfect candidate.
Posted on 12/19/19 at 8:49 am to DVinBR
quote:
it's very hard for a utility to go under, it's not like people are going to stop buying electricity
It’s not that PCG would go under or that people would stop buying electricity. But when you buy common equity in a distressed company, you have to understand what you’re buying and what your position is. And with common equity, you’re generally in last place in the event of a bankruptcy.
GM didn’t go out of business and people continued buying Chevys and GMCs. But after the Chapter 11, the common shareholders were essentially wiped out.
All I’m saying is, when playing with a distressed (or really any) company’s common stock, be aware. That’s all.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News