Tortoise Capital Resources Corp. (ETF) (AMEX:TTO)
Exchange traded fund
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ETF/BDC at discount
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think about it
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Possible 52 week low
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BDC in MLP Space!!!
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current ratio and debt ratio is very good
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This is a BDC in the family of closed-end funds run by the Tortoise firm. It specializes in micro-cap and privately-held master limited partnerships in the energy sector, the latter of which are unavailable to small investors as direct investments. TTO appears to be in competition with Kayne-Anderson's CEF trading with the symbol KED. The two funds do not mirror each other in their holdings, but one can see that TTO has a lower expense ratio (1.5% vs 1.75% at KED), a higher yield as I type this, a smaller asset base, and uses less leverage. Both funds provide investors access to the potentially lucrative but always risky venture capital game, in this case involving the energy infrastructure.
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This pick will soon be paying over a 9% dividend in my opinion which should fuel an upward move in the stock.
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