BUY PCG @ $10.56

Buying PCG @ $10.56

2% position

PCG gives you cover in a weak market - they trade at about 1/2 of the average utility P/E. There is a TON of risk in the name. Undoubtedly. Wildfire, fines, more explosions, mis-reporting and faking of pole inspections. 

But they recently hired a killer CEO, Patti Poppe, and she's there to fix the thing. And isn't afraid to take short-term pain for long-term gain.

She came from CMS - a utility that trades at a premium to the broad group. She's a focused, no-nonsense leader who will come in and get the job done.

I'll start building up a position into the broad market weakness - with valuation as a cushion and knowing there could and will be landmines along the way.