HomeMarketsU.S. Economy & JobsWRTG's Aquisition Of Peoples Natural Gas Was Done In Desperation

WRTG's Aquisition Of Peoples Natural Gas Was Done In Desperation

Essential Utilities (WTRG) has financial reporting anomalies and is already being evaluated for impairment, says Ben Axler. He discusses the bearish argument for WTRG. He notes that WTRG's $4.3B levered acquisition of Peoples Natural Gas was done in desperation. He notes that he sees a 35%-50% downside risk on WTRG. He then goes over how warmer weather forecasts are impacting WTRG. Tune in to find out more about the stock market today.

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