This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"My pick for the best potential gainer for 2009 is Seaspan Corporation (NYSE: SSW), a company that leases container ships to international shipping companies," says Jack Adamo.

In his Insiders Plus newsletter, he offers an in-depth analysis of what he consider the perceived risks and the real risks that have "pummeled" the stock. The advisor explains, "The stock has been pummeled for five reasons, only one of which is valid:

• The whole market is down.
• The Baltic Dry Shipping Index dropped to its lowest level in years.
• Analysts fear shipping companies may default on their leases in a weak economy.
• Analysts are afraid ship lessors will have their ships repossessed by lenders on the basis of falling market values of their ships. Some debt covenants permit that.
• The company has reported horrible earnings the last two quarters.

"Five pretty scare reasons. Why would I consider such a stock? Here's why: