Take a look at Teco Energy, a Florida electricity producer that sells power nationally.
Teco's new 9.5% preferred is mandatorily convertible into common stock on Jan. 15, 2005.
While Americans are part of the Xela Teco effort right now, their goal is to step aside.
Analysts generally think investors should stand pat on TECO, with 11 of 13 analysts rating it hold.
If the effort is successful, Xela Teco may end up becoming a blueprint for the future of development work.
At Xela Teco, a workshop in the town of Quetzaltenango (or Xela for short), tech-minded Guatemalans build eco-friendly devices.
The report also cited the strong quarterly dividend history at TECO Energy Inc.
FORBES: TE Added as Top 10 Utility Dividend Stock With 4.77% Yield
The majority of analysts think investors should stand pat on TECO, with nine of 13 analysts rating it hold.
The Wall Street consensus is 37 cents per share, up 2.8% from a year ago when TECO reported earnings of 36 cents per share.
Xela Teco builds environmentally friendly technology that can be used to bring survival basics to poverty-stricken villages in the Mayan highlands: clean water, electricity and fuel.
Investors looking to jump into utilities would be well served with TECO Energy, which Hilliard Lyons' Burke has a buy rating for based on the company's 5% dividend and superior earnings growth rate.
"So when the tidal wave does occur and people start to retire, we'll have a program in place to train people as soon as they walk in the door, " says Tony Ware, TECO's manager of training and assessment.
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