For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"My favorite conservative investment idea for 2008 is Millicom International Cellular S.A. (NASDAQ: MICC)," says Nick Vardy, editor of The Global Stock Investor.

"The explosion in cell phone usage is one of my favorite 'top down' themes in global investing. No technology has spread wider and more quickly than cell phones. While it took TV 30 years to penetrate households across the globe, cell phones managed to achieve this in less than a single decade.

"My top pick to profit from this theme is Luxembourg-based Millicom International Cellular S.A., the 'Indiana Jones' of the cell phone industry. The company is one of a handful of global players that are profiting from expansion in cell phone markets where others fear to tread.

"Millicom's strategy has been unique and daring. It has cobbled together a patchwork empire that consists of 16 countries in Central America, South America, Africa, South and Southeast Asia. Today Millicom has 20 million subscribers.