Losing billions in lost revenue and unable to borrow on the short term. If GE has to pay onerous rates, what will the worst rated state have to pay. I think the energy proposal is much less likely to pass than prior to this credit crisis breaking. Energy is longer the big concern for voting taxpayers. The question is: how much is Prop 10 failing baked in to CLNE's current price. My guess is that it's not and you could see a significant drop if it fails. As WB said...this thing is a gamble right now and not an investment.
California will need a bailout.No state had more homeowners actually living of their home equity.No local government had more of their revenue coming from real estate taxes.Either 30% of the state workers will eventually be laid off(lower real estate tax revenue,from 30% lower real estate prices)or massive,massive tax increases,or bailout.
you are probably right. Might get an intial downturn on the news and then a spike...The reverse of buy on the rumor sell on the news. This one could be a sell on the rumor, buy on the news....hmmm...a real possibility. The one thing you can count on is the market clobbering the most people possible.