Keep an Eye on This Satellite Stock

By Guest Columnist Chris Fernandez of PeakStocks.com

In a positive step towards the full commissioning and checkout of its latest satellite, GeoEye-1, GeoEye(GEOY Quote) 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? ...