"Stericycle (NASDAQ SRCL) is a near-monopoly in an essential but unglamorous area, making its an excellent investment in an uncertain economy," says growth stock expert Dave Dyer.

In his Dave Dyer's Newsletter, he states, "If you have something that is dangerous, contaminated, or nasty, and you want it to go away safely, you can rely on SRCL, the leader in medical waste."

"I first recommended the stock almost a year ago, but there is so much good news that I thought this would be a good time to recommend it again.

"And while the stock's 12.4% gain since last August is not spectacular, the S&P 500 is down 14.1% over the same time period -- so SRCL has outperformed the market by a wide margin.

"SRCL is North America's largest provider of medical waste services. In fact, if a major customer wants to contract with a single customer for nationwide services, SRCL is the only choice. Even if the market has not really bottomed out, this is an excellent stock to consider because its business is almost entirely immune to economic cycles.

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.

"Stericycle (NASDAQ: SRCL) is an almost perfect business -- an absolutely essential service, but nobody wants to do it," says Dave Dyer in his Dave Dyer's Newsletter, referring to his more conservative favorite for 2008.

"It is about as close to being a monopoly as you are likely to find, especially in a critical national industry. Stericycle is the acknowledged leader in the unglamorous but necessary task of medical waste disposal.

"It is 12 times bigger than its nearest rival and SRCL is the only vendor able to provide services on a nationwide basis, which means that the large, nationwide customers have only one good option unless they want to deal with multiple vendors.

"The highly regulated nature of its business acts as a convenient barrier to entry by potential competitors. And even if someone does manage to start a competing company, there is a good chance that SRCL will buy them.