No. of Recommendations: 7
"Why is everyone thinking that BRK/A BRK/B will go burst?"
No worries about Berkshire going bust. Just saying that there is a chance that PacifiCorp could with all the legal claims for the 2020 fires. A PacifiCorp bankruptcy wouldn't be all that big a hit to Berkshire, though. Here is PacifiCorp's latest financial filing (beginning on page 220.) Just $11.1B in stockholder equity, or 1.55% of Berkshire's total stockholder equity.
brkenergy.com - Bhec annual K PacifiCorp continues to try to avoid the worst, with court cases scheduled into 2028, sale of assets in Washington and Oregon and a proposal to split the west coast states, Washington, Oregon and California, from the mountain states, Utah, Wyoming and Idaho. Unfortunately the court cases are jury trials, which tend not to go well for deep pocket defendants. I once asked a successful lawyer what his record was in jury trials, and he responded, "About 50:50, with no correlation to the merits of the case."
