Each year, Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Stocks Report.
Enterprise Products Partners (NYSE: EPD), a master limited partnership (MLP), is the top conservative pick for 2007 from energy expert Elliott Gue, editor of The Energy Strategist.
"MLPs trade on the major exchanges just like any stock. But there are some big tax benefits to owning MLPs, offering a combination of high current income and the potential for that income to grow rapidly over time.
"Enterprise Products is the largest MLP in the U.S. Unlike most other big MLPs, Enterprise hasn't slowed its distribution growth substantially in recent years. In fact, the MLP has maintained an impressive 9%+ annualized growth rate in distributions during the past five years. .
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