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Servotronics (SVT) Is The Technology Stock Advisor Top Technology Stock For 2010

|Includes: Servotronics, Inc (SVT)
 
North Carolina Investment Manager Currently Ranked In Nation’s Top 12 For 2009 Stock Pick of Graham Corporation (NYSEMKT:GHM)
 
Raleigh, N. C. The Technology Stock Advisor, (www.technologystockadvisor.com) an online newsletter for technology stock investing announced its top technology stock pick for the annual AOL Top Stock Picking Competition. The AOL Money & Finance publication will feature the stock picks from the nation’s top investment advisors from December 24, 2009, to the end of January, 2010.
 
The Technology Stock Advisor selected Servotronics, Inc. (NYSEMKT:SVT) as it top pick for 2010. 
 
Servotronics, Inc., together with its subsidiaries, engages in designing, manufacturing, and marketing advanced technology products in the United States and internationally. The company operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (NYSE:CPG).
 
The ATG segment designs, manufactures, and markets various servo-control components, which convert an electrical current into a mechanical force or movement and other related products. The CPG segment designs, manufactures, and sells various cutlery products, including kitchen knives, such as steak, carving, bread, butcher, and paring knives for household use, as well as for use in restaurants and institutions,
 
“Our selection of Servotronics as our top pick for 2010 is based upon our patented methodology for investigating technology stocks,” said Thomas Vass, the investment advisor who publishes the online newsletter. “We developed a theory of technological innovation using Leontief's theory about input output economics that helps us predict technological investment opportunities.
 
Vass said the he applied the theory in his patent application on how stocks could be selected for inclusion in an investment account. (Method of identifying a universe of stocks for inclusion into an investment portfolio. United States Patent 7,251,627, Vass, July 31, 2007). 
                        
“We use the theory,” said Vass, “in the first step of stock picking to help us to narrow the selection to companies that are in the nation’s nine high technology industrial clusters. Next, we apply rigorous standards to those stocks based upon a value approach to investing that shares many elements in common with the Graham and Dodd approach to investment selection.”
 
Vass noted that Servotronics continues to meet all the initial selection criteria that were used to add the stock to the TSA portfolio on April 9, 2009, with an initial target buy price under $9 per share.
 
The Technology Stock Advisor participated in the 2009 stock picker competition of 75 of the nation’s best investment advisors. The competition is supervised by Steven Halpern, the owner of the online investment journal, The Stock Advisors, Inc. (www.thestockadvisors.com)
 
The TSA selection for 2009 was Graham Corporation (GHM) which is currently up over 107% from the date of the selection last December. TSA is currently ranked in the top 8 of all advisors in the national AOL 2009 competition.
 
About the Technology Stock Advisor: TSA is an online newsletter about investing in technology stocks. The investment selection methodology for The Technology Stock Advisor is based upon a patent issued to Thomas Vass, the investment advisor to the newsletter. His method includes stock selection, asset allocation based upon the investor’s risk preferences, and detailed buy and sell prices. Contact Tvass@technologystockadvisor.com or call 919 9754856.
 
 

 


Disclosure: Held in personal IRA