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Hedge fund manager Josh Friedman discusses PG&E with Bloomberg's Eric Schatzker at Davos (screen capture via Bloomberg).
Why Is PG&E Priced This High?
Shares of PG&E (PCG) had climbed 72% over the last two weeks as of Monday's close, despite the increasingly likely prospect of bankruptcy (as it happened, the company filed for bankruptcy today).
Data by YCharts
Readers of my recent article on General Electric (GE) may wonder if a similar dynamic is at work with GE and PG&E, but that doesn't seem to be the case, as I