This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"For the best risk-adjusted results we're looking at corporate bonds," says BizRadio host Daniel Frishberg, whose favorite pick for 2009 is the Energy Conversion Devices 3% convertible bond due 6/15/2013.

In The MoneyMan Report, he suggests. "These securities -- which are convertible into shares of the solar power stock Energy Conversion Devices (NASDAQ: ENER) -- could generate a major score, since the company is right in the Obama sweet spot."

"We are following the government as it moves its market manipulation up the risk curve.

"We have seen the government first buying commercial paper and short term bonds to move the Fed Funds Rate, then moving investors up the ladder to long-term Treasuries, then on to agency and high-grade corporate bonds.

"Each time, these moves have produced stock-like capital gains for investors with the knowledge to participate in these markets.

Continue reading Top Stock Picks '09: Energy Conversion (ENER)

Top Stock Picks '09: Energy Conversion (ENER) originally appeared on BloggingStocks on Wed, 07 Jan 2009 17:20:00 EST. Please see our terms for use of feeds.