u/WestCoastInvestor · 50d agono track record yet
Long EIX $65C exp Jan 15
Actual DD on EIX: why today's 23% crash is a forced-selling overreaction, not a fundamental one
SB 492's impact was overblown and forced-selling driven; the bill changed loss-sharing, not the Wildfire Fund backstop that exceeds even bear-case gross exposure. At 7x P/E and 5% yield, Edison is mispriced versus analyst targets still 18–38% higher, offering asymmetric upside on a regulated monopoly with near-term headline risk but intact fund protection.