Keep an Eye on This Satellite Stock

10/14/08 - 07:07 AM EDT

Stockpickr Guest Columnist

By Guest Columnist Chris Fernandez of PeakStocks.com

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In a positive step towards the full commissioning and checkout of its latest satellite, GeoEye-1, GeoEye(GEOY Quote - Cramer on GEOY - Stock Picks) announced that GeoEye-1 has taken its first images from space and is one step closer to providing useful imagery to its customers.

While this doesn't give us as investors the 100% green light, it is one more necessary and important step in ensuring that GeoEye-1 is fully operational and able to fulfill the promise of the four years it took to develop, build and launch the satellite.

So with the apparent checkout inevitable, is now a good time to pick up shares of space-based and aerial imagery provider GeoEye?

To find out, visit Stockpickr.com.

This article was written by a member of the Stockpickr community, Chris Fernandez. Fernandez is the founder and CEO of PeakStocks.com, a Web site dedicated to the micro-cap and small-cap stock universe.

Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.

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