Stock watcher sees potential in TECO
Sometimes you have to look to the mangiest dogs to find the next leader of the pack. At least that's stock watcher Seeking Alpha's strategy in naming Tampa's TECO Energy Inc. as one of its "2012 Dogs of the S&P 500 to Buy Now." TECO shares closed last year down 14 percent, making it the second worst performing among local stocks tracked by the Tampa Bay Times. But Seeking Alpha is advising clients that it could be time to buy shares in the Tampa utility along with the other highest-dividend-paying stocks in the S&P. The rest of the 15 dog stocks identified as having a 2013 upside include mail-processing equipment maker Pitney Bowes, five other utility or energy-related companies, and three cigarette companies: Altria Group (the old Phillip Morris), Reynolds American and Lorillard.