Buy on rumors?

“PG&E Shares Jump After California Clears Company in 2017 Blaze,” The Wall Street Journal, January 25, 2019. Someone else found responsible for earlier fires.

Looking at the linkage between the market’s perception of a company and its stock price.  Is that Information, of a type, at work?  Even though the jury is still out on the cause of the most recent fires.

PG&E is not, in my estimation, the poster child of either Compliance or Governance.  But that’s a separate point.

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Filed under Theme One: Information, Theme Three: Compliance, Theme Two: Governance

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