Due to the California wildfires, and their associated liability, Pacific Gas & Electric has gotten absolutely torched, having lost a heart-stopping 70% of its value. This is a UTILITY company, people. If you’ll look at the left portion of the graph, it has suffered such shock events before, only to come roaring back.
I’m not going to do it myself… angels fear to tread, and all that… but you might consider if this is a “blood in the streets” type buying opportunity. As General Electric has proved, though, just because something looks cheap doesn’t make it a bargain.
