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"Energy Transfer Equity (NYSE: ETE), a major player in the midstream energy sector, is a cash-producing machine," says value investor Nathan Slaughter.

The editor of Half-Priced Stocks explains, "Even more promising, those who know the company best -- the CEO and one of its co-funders -- have been voting with their wallets lately." here's his review of the income holding.

Publicly traded Master Limited Partnerships (MLPs) are great income vehicles which avoid both federal and state corporate income taxes by passing through expenses and income to the investor. <!--more-->Depending on the MLP, quarterly distributions may be either partially, or entirely, tax-deferred. There are some limitations to holding them in tax-deferred accounts, such as IRAs, so consult a tax advisor before you buy.