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Sunday, January 3, 2010

Top 2010 January stock picks ! ( SSW,JAVA )

1. Seaspan Corporation ( SSW ) 9.22 a share / target price 12.75
Seaspan Corporation (Seaspan) is engaged in the business of owning and chartering containerships pursuant to long-term, fixed-rate charters to container lines. During the year Ended December 31, 2008, the Company owned and operated a fleet of 35 containerships. As of December 31, 2008, the average age of the 35 vessels in its fleet was 4.8 years. Customers for its operating fleet are China Shipping Container Lines (Asia) Co., Ltd. China Shipping Container Lines (Asia) Co., Ltd. (CSCL Asia), Hapag-Lloyd USA, LLC (HL USA), COSCO Container Lines Co., Ltd. (COSCON), and A.P. Moller-Maersk A/S (APM). As of December 31, 2008, 20 containerships in its fleet are under time charters with CSCL Asia, nine containerships in the fleet are under time charters with HL USA, four 4800 twenty foot equivalent unit (TEU) vessels are chartered to APM, and two 3500 TEU vessels are under time charters with COSCON. Seaspan is currently above its 50-day moving average of $9.24 and above its 200-day moving average of $8.08. Look for these moving averages to climb to confirm the company's upward momentum. Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. Seaspan's contracted fleet of 68 containerships consists of 42 containerships in operation and 26 containerships to be delivered over approximately the next 30 months. Seaspan's operating fleet of 42 vessels has an average age of approximately five years and an average remaining charter period of approximately seven years. All of the 26 vessels to be delivered to Seaspan are already committed to long-term time charters averaging approximately 11 years in duration from delivery. Seaspan's customer base consists of seven of the world's largest liner companies, including China Shipping Container Lines.low relative PE, good star & 2010 earnings. Bottom fishing week and buy low .Growing fleet of new dry bulk carriers under long-term agreements. Price will pop when dividend is increased.Overseas transport will increase because of China.1. Rapidly growing fleet

2. Policy of tying in contracts with vessels even before delivery a sound one.

3. Still pays a small dividend and will increase in 2010 !

2. Sun Microsystems ( JAVA ) 9.37 a share / target price 11.99
Sun Microsystems, Inc. (Sun) provides network computing infrastructure solutions. The Company offers core brands, including the Java technology platform, the Solaris Operating System, the MySQL database management system, Sun StorageTek storage solutions and the UltraSPARC processor. Its network computing platforms are used by search, social networking, entertainment, financial services, manufacturing, healthcare, retail, news, energy and engineering companies. The Company operates in two segments: Server Products and Storage Products. Server Products comprised of Support Services (Support Services and Managed Services), and Professional and Educational Services. In January 2009, the Company acquired Q-layer, a cloud computing company that automates the deployment and management of both public and private clouds. Computer systems are not going away. JAVA is here to stay and will be on every computer manufactured.JAVA is a pick for the computer life cycle.Sun a leader in its field is experiencing a global capital collapse. Sun an innovater will survive. IT is experiencing the same issues as all your other companies. With little financing available try to view these companies as an armadillo. When threatened they roll into a ball of armour just to survive. The shell will open again once the credit starts flowing. IT investment will reward investors. I do expect capital investment in new IT will start to increase by the end of 2010 and steadily increase leveling off . Its definitely a take-over target for next one year or so with a price target of $12 to $15 a share ! 

What are your thoughts for the first months stock picks ?
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