I’m not in the trade anymore. Stock’s around same price. Assume default risk was always due even prior to Cali fires, so the only fact change being the Cali fire and trade was, it wasn’t even in their regional coverage.
Updated thoughts on PCG. Think Hughes fire changes r/r in the sense that it’s a lot closer to PCG coverage area. Think if fires chill out, still get rerating LT but ST this is a systemic risk so careful on options etc. Lmk your thoughts
Analysis on PCG ignored the huge default risk on the company's $57billion of debt.
I’m not in the trade anymore. Stock’s around same price. Assume default risk was always due even prior to Cali fires, so the only fact change being the Cali fire and trade was, it wasn’t even in their regional coverage.
Great call on PCG, just added 500 shares
Updated thoughts on PCG. Think Hughes fire changes r/r in the sense that it’s a lot closer to PCG coverage area. Think if fires chill out, still get rerating LT but ST this is a systemic risk so careful on options etc. Lmk your thoughts
Yeah I totally agree. I live about 10
miles away from the evacuation areas and we're still Edison customers but agree if this continues to spread we are in danger of reaching PCG territory
Good call on PCG !!