Geoeye will launch its next generation spy satellite on September 4th. Assuming a successful launch, this deployment will ensure at a minimum of over $500 million in revenues from the US Air force. This amount is a guaranteed minimum and will likely be exceeded by both additional tasking orders from the US government and third party contracts from companies like GOOG. I assume the launch will be successful over 96% are. Given that the stock will very likely trade over $40 in very short order. I strongly recommend that you check this company out.
GeoEye, Inc. (Nasdaq: GEOY), a provider of space-based and aerial imagery and geospatial information, Friday provided an update on the upcoming launch of their latest satellite, GeoEye-1.
Once launched, GeoEye-1 will be the world’s highest resolution commercial earth-imaging satellite and propel GeoEye to higher revenues, earnings and exposure as GeoEye-1’s imagery will be used in all sorts of applications, the least of which is by Google (Nasdaq: GOOG) on Google Earth and Maps, Yahoo (Nasdaq: YHOO) and other online portals.
Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday June 19. <!---->
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Bullish calls:
Wal-Mart (WMT): "I only like Costco…I like Wal-Mart … I like TJX and I like Urban Outfitters." Costco (COST), TJX Companies (TJX), Urban Outfitters (URBN) Qualcomm (QCOM): "…buy, buy, buy. It's going higher... congratulations, you go it, and I missed it." General Steel (GSI): "I like the steel business in general." United States Steel (X), Reliance Steel (RS) Gran Tierra Energy (GTE): "I don't want you to run for the exits... Buy some more if it goes under $7.
The recent market turmoil has given us a wonderful opportunity to nab stocks on the cheap.
Today I wanted to give you a heads up on some of the stocks that I was watching for possible inclusion into the PeakStocks.com portfolio, specifically ones that are high on my list, and most likely to be added as formal recommendations in the weeks to come as they reach desirable price points, and present wonderful opportunities for long term investors.
We have a couple of interesting developments with PeakStocks.com portfolio recommendation GeoEye, Inc. (Nasdaq: GEOY), a provider of space-based and aerial imagery and geospatial information.
Currently, from a technical analysis point of view, the share are oversold. RSI is at 27.52 as of Tuesday's close and the stock's price is resting just above a support line created last year. The money flow indicators are showing strong, positive movement as shares trade hands at this lower level.
Here is an excerpt from PeakStocks.com concerning fundamental analysis of the company (dated 5/5/08):
According to my research and calculations, GeoEye trades at about 1/2 where it should be, with an easy argument that it could be MUCH higher than that.
I was going to wait before recommending my next addition to the
portfolio until I had finished my full research report, but seeing
where things stand today, the valuation combined with the business
prospects make this one too juicy to pass up at today’s price.<!--more-->
The company is GeoEye, Inc. (GEOY),
a small/medium-sized business that provides space-based, and aerial
imagery and geospatial information through high-resolution and
low-resolution imagery, imagery-derived products, and image processing
services to customers worldwide.
If you ever used google earth, then you will be wondering how amazing and what it takes to make it happen. Geoy supplies to Yahoo! and Microsoft, with much higher definition pictures. Those images can be used in military, mining, marine and Yahoo! maps, etc. I see this company doing well no matter the economy is in recession or not. With very high barrier to entry, I see not much competition neither. With PE of 15, this stock is cheap. My target price for this stock is 60+.
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GEOY
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About GeoEye Inc.
- Answers.com
GeoEye, Inc. (Nasdaq: GEOY), a provider of space-based and aerial imagery and geospatial information, Friday provided an update on the upcoming launch of their latest satellite, GeoEye-1.
We have a couple of interesting developments with PeakStocks.com portfolio recommendation GeoEye, Inc. (Nasdaq: GEOY), a provider of space-based and aerial imagery and geospatial information.
