12-25-2020, 05:09 PM
I'm not saying PCG couldn't be a good buy or you can't make money buying or trading it, I'm simply saying it's not what I consider a high quality dividend growth stock. Therefore it's not going to be on a list I put out to followers looking for DGI stocks.
PCG had problems even before the wildfires, as it had a frozen dividend from 2010-2015. So that says to me it wasn't necessarily a one-off event. It now owns a BB- credit rating and operates in a state that is lawsuit happy and with burdensome taxes and regulations.
That doesn't mean it is without value, it just means it's not something I'm interested in messing around with.
PCG had problems even before the wildfires, as it had a frozen dividend from 2010-2015. So that says to me it wasn't necessarily a one-off event. It now owns a BB- credit rating and operates in a state that is lawsuit happy and with burdensome taxes and regulations.
That doesn't mean it is without value, it just means it's not something I'm interested in messing around with.