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Re: 12 Cheap Utility Stocks to Buy According to Analysts

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Thu, 13 Apr 23 9:52 PM | 34 view(s)
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Msg. 41764 of 60008
(This msg. is a reply to 41759 by Decomposed)

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Decomposed > I bought PCG twice in Summer 2020... less than three years ago.


So,
I take it that the sort of bankruptcy 'they' went through didn't involve share-holders getting wiped out?

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: 12 Cheap Utility Stocks to Buy According to Analysts
By: Decomposed
in 6TH POPE
Thu, 13 Apr 23 7:55 AM
Msg. 41759 of 60008

Zimbler0:

Re: “>> 9. PG&E Corporation (NYSE: PCG) >>A bankrupted californica company with no dividend? No thanks.”
I bought PCG twice in Summer 2020... less than three years ago. The second purchase was for $9.04/share. The first was around there too.

If I sold today, I'd make 88% give or take a little since I'm not sure of the initial purchase price. That's not a bad haul in a period where interest rates were about 2 percent.

It's currently $16.96. My target is $19. Then I may lock in some of the gains.

I agree with you that PCG isn't a screaming deal. You're right not to be interested. When I bought it, it was c-h-e-a-p. Well worth the risk. It's not such a bargain today - though, if you look at the charts, you'd be amazed at what it used to trade for. Before the big California fires, that stock was in the $40s. So I think $19 is likely this year - unless the stock markets fail.

DUK has about the same P/E as PCG and it pays a 4% dividend, so I'm tempted to just swap to DUK. But I don't want to pay the taxes...






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