PG&E (PCG) shares slumped on Friday amid worries it may have helped cause the devastating wildfires in Northern California.
According to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer, if it's found the company was involved in causing the fires, the public utility commission could take action against them.
"But I don't think the public utility commission is going to take away the dividend or something like that," Cramer said.
Don't miss a rare opportunity to learn from the best in the business! Jim Cramer is hosting top market movers for a unique investing event on October 28. Hurry up, time is running out for our early bird sale: http://bit.ly/2gD6nZt
Don't miss a rare opportunity to learn from the best in the business! Jim Cramer is hosting top market movers for a uniqueinvesting event on October 28. Hurry up, time is running out for our early bird sale: http://bit.ly/2gD6nZt
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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