Kayne Anderson Energy Development Company isn't actually an energy company itself, but rather a holding company of private energy providers (mostly midstream) that you couldn't actually own as an individual shareholder.
San Diego, CA (Vocus/PRWEB) March 09, 2011
Kayne Anderson Energy Development Company, Progressive Corp., and Capstead Mortgage have been named to the Rhino Report's watchlist of potential buy candidates. Chief Analyst James Brumley has identified these three stocks as possible trading ideas based on several developing factors that may solidify in the very near term.
Insurer Progressive Corp. aligns with a bullish call made on the insurance industry two weeks ago. The share price is fair right now, at 13 times trailing earnings and 12.7 times forward-looking earnings. More important though, the earnings trend is reliable, as is the stock's progress.
Kayne Anderson Energy Development Company isn't as much a company as it is a holding company of smaller energy providers that aren't publicly traded. As such, it allows investors to tap into a segment of the energy market that is otherwise unavailable. Better still, the stock's underlying companies may be better investments simply because these organizations can operate as deemed best without needing to worry about shareholder fallout or kowtowing to owners.
Mortgage REIT Capstead Mortgage is viewed as a simply way to tap into the rebounding real estate loan quality - even as soft lending still is - without necessarily making a bet on a recovery of the housing market, which Brumley views as still too weak to be excited about. The yield has been persistently in double digit territory of late, and should stay there indefinitely.
It should be noted that none of these stocks are actually being added to the official Rhino Report portfolio yet, and may well never be. They are, however, this week's only potential additions out of thousands of eligible stocks. If and when these stocks are added to the portfolio, notification will be sent to the newsletter's subscribers. Even without an official entry though, all three are quality names investors should consider.
Please visit the Rhino Report web site located at: http://www.rhinoreport.com for more information.
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