PCG Post Bankruptcy Markup

After trading in a tightening range for the past year PCG has an approved plan to exit bankruptcy and may even resume dividends in time. Utilities are always a good way to diversify a portfolio. My average entry price is in the $9.30 range. Analysts price targets are near $14, i'm a bit more bullish with a near term just north of $14 and $30 near this time next summer. Lets see how high the rising tide lifts this boat.

Kommentera:

Averaging in at the identified accumulation zone would have given you time to build up a nice position and your trade would be up about 30% right now. This trade is a winner with a lot of space to expand. Patience pays.