shareholders were dealt a blow on Wednesday when a California judge stripped the utility giant of exclusive control over its bankruptcy process.The company also recently turned off power for 800,000 customers in Northern California due to severe weather. Power remained off until late Thursday. Multiple Wall Street analysts say the stock could fall to zero.
These latest developments have experts on Wall Street growing increasingly hesitant around the stock. Nobel laureate Robert Shiller forewarned investors about the dot-com and housing bubbles. Now he tells us which irrational market behaviors have him most worried.
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