Energy pipeline giant Kinder Morgan (NYSE:KMI), a recent selection for the real-money Inflation-Protected Income Growth Portfolio, leaped beyond the portfolio's declared "buy below" price before the actual cash investment could be made. That leaves portfolio manager Chuck Saletta with a quandry. Will he:
- Pay a higher price, given the quality of Kinder Morgan's business,
- Look to buy shares in one of Kinder Morgan's sister companies: Kinder Morgan Management (UNKNOWN:KMR.DL), Kinder Morgan Energy Partners (UNKNOWN:KMP.DL), or El Paso Pipeline Partners (UNKNOWN:EPB.DL),
- Wait for the market to offer him the opportunity to buy the stock at the price he's willing to pay, or
- Put that money elsewhere?
Watch this short video to find out: