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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