Worried About a Recession? This Top Dividend Stock Isn't
Jim Teague, the CEO of Enterprise Products Partners (NYSE: EPD), has been through his share of downturns over the years, and he says he's not concerned about the current economic uncertainty. That's because his company built its operations around delivering certainty in any market condition.
On his company's recent third-quarter conference call, he discussed why Enterprise sees a recession not as a reason to worry but as an opportunity.
Teague has had a long career, first in the petrochemicals sector with Dow Inc. (NYSE: DOW) -- an industry that is very cyclical as demand rises and falls with the global economy -- and now in the energy midstream industry with Enterprise. Because of that, he's seen his share of downturns. He commented on that topic on the call:
Source Fool.com