13F-HR 1 dec200713f.txt
PAGE: 1 OF: 8 FORM 13F NAME OF REPORTING MANAGER: SPECTRUM ADVISORY SERVICES #28-3076 DATE:12/31/07 ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8: NAME OF ISSUER TITLE OF CLASS CUSIP FAIR MARKET SHARES OR INVESTMENT DISCRETION MANAGER VOTING AUTHORITY NUMBER VALUE PRINC. AMT. SOLE SHARED OTHER SOLE SHARED NONE ATLANTIC AMERICAN COMMON STOCK 048209100 48 34,025 X 34025 ARKANSAS BEST CORP COMMON STOCK 040790107 992 45,200 X 45200 ABBOTT LABORATORIES COMMON STOCK 002824100 1,331 23,700 X 23700 BARRICK GOLD CORP COMMON STOCK 067901108 202 4,800 X 4800 AUTOMATIC DATA COMMON STOCK 053015103 1,085 24,370 X 24370 PROCESSING INC AEGON NV ADR COMMON STOCK 007924103 1,328 75,741 X 75741 AFLAC INC COMMON STOCK 001055102 344 5,500 X 5500 ALEXANDERS INC COMMON STOCK 014752109 424 1,200 X 1200 AMGEN INCORPORATED COMMON STOCK 031162100 581 12,500 X 12500 AON CORP COMMON STOCK 037389103 2,905 60,919 X 60919 ANADARKO PETROLEUM COMMON STOCK 032511107 1,064 16,200 X 16200 ARENA COMMON STOCK 040047102 374 47,734 X 47734 PHARMACEUTICALS INC ATLANTIC INVST CO GA COMMON STOCK 048607105 220 1,000 X 1000 AVNET INC COMMON STOCK 053807103 1,049 30,000 X 30000 AVATAR HOLDINGS COMMON STOCK 053494100 849 20,301 X 20301 AMERICAN EXPRESS COMMON STOCK 025816109 336 6,455 X 6455 BANK OF AMERICA COMMON STOCK 060505104 1,142 27,676 X 27676 BED BATH & BEYOND COMMON STOCK 075896100 479 16,300 X 16300 BECTON, DICKINSON & COMMON STOCK 075887109 2,270 27,160 X 27160 COMPANY BALDOR ELECTRIC CO COMMON STOCK 057741100 1,159 34,427 X 34427 BJ SERVICES COMPANY COMMON STOCK 055482103 1,018 41,968 X 41968 BRISTOL MYERS SQUIBB COMMON STOCK 110122108 1,021 38,510 X 38510 BP PLC ADR'S COMMON STOCK 055622104 2,294 31,352 X 31352 POPULAR INC COMMON STOCK 733174106 317 29,900 X 29900 BRIDGFORD FOODS COMMON STOCK 108763103 72 10,838 X 10838 BERKSHIRE HATHAWAY COMMON STOCK 084670108 6,230 44 X 44 BERKSHIRE HATHAWAY B COMMON STOCK 084670207 5,517 1,165 X 1165 BIO-REFERENCE COMMON STOCK 09057G602 355 10,850 X 10850 LABORATORIES INC BALDWIN & LYONS CL B COMMON STOCK 057755209 387 14,097 X 14097 CITIGROUP INC COMMON STOCK 172967101 672 22,843 X 22843 CARDINAL HEALTH INC COMMON STOCK 14149Y108 1,880 32,560 X 32560 CABOT CORP COMMON STOCK 127055101 1,450 43,505 X 43505 CIRCUIT CITY STORES COMMON STOCK 172737108 521 124,000 X 124000 CDI CORP COMMON STOCK 125071100 962 39,661 X 39661 CHICO'S FAS INC COMMON STOCK 168615102 316 35,000 X 35000 COLGATE-PALMOLIVE CO COMMON STOCK 194162103 522 6,700 X 6700 CLARCOR INC COMMON STOCK 179895107 1,684 44,361 X 44361 COCA-COLA BOTTLING COMMON STOCK 191098102 1,005 17,072 X 17072 CONOCOPHILLIPS COMMON STOCK 20825C104 1,262 14,293 X 14293 COSTCO WHLS CORP COMMON STOCK 22160K105 1,380 19,781 X 19781 CAMPBELL SOUP CO COMMON STOCK 134429109 1,672 46,800 X 46800 CISCO SYSTEMS COMMON STOCK 17275R102 2,442 90,213 X 90213 COOPER TIRE & RUBBER COMMON STOCK 216831107 239 14,400 X 14400 COMPANY COMPUTER TASK GROUP COMMON STOCK 205477102 130 23,461 X 23461 INCORPORATED CHEVRON CORP COMMON STOCK 166764100 901 9,656 X 9656 DUPONT EI DE NEMOURS COMMON STOCK 263534109 257 5,835 X 5835 DUPONT EI DE NEMOURS PREFERRED 263534307 441 5,800 X 5800 $4.50 PFD SER B DANAHER CORP COMMON STOCK 235851102 4,472 50,972 X 50972 DIONEX CORP COMMON STOCK 254546104 2,262 27,300 X 27300 DREYFUS MUNI BOND FD COMMON STOCK 26201Q104 307 26,644 X 26644 PROSHARES-ULTRASHORT COMMON STOCK 74347R867 251 5,000 X 5000 DOW 30 EQUIFAX INC COMMON STOCK 294429105 476 13,100 X 13100 EASTGROUP PROPERTIES COMMON STOCK 277276101 1,149 27,450 X 27450 EATON CORPORATION COMMON STOCK 278058102 1,638 16,900 X 16900 FARMER BROS COMMON STOCK 307675108 462 20,084 X 20084 FOREST CITY ENT CL A COMMON STOCK 345550107 1,819 40,939 X 40939 FAMILY DOLLAR STORES COMMON STOCK 307000109 756 39,300 X 39300 FRASER & NEAVE NEW COMMON STOCK Y2642C155 1,997 487,221 X 487221 ORDINARY SHARES FIRST NIAGARA FINCL COMMON STOCK 33582V108 473 39,300 X 39300 GROUP INC GANNETT CO INC COMMON STOCK 364730101 279 7,150 X 7150 GENERAL ELECTRIC COMMON STOCK 369604103 4,614 124,472 X 124472 GREIF BROTHERS CL A COMMON STOCK 397624107 418 6,400 X 6400 GRACO INCORPORATED COMMON STOCK 384109104 445 11,938 X 11938 GENUINE PARTS CO COMMON STOCK 372460105 377 8,150 X 8150 GLOBAL PAYMENTS COMMON STOCK 37940X102 316 6,800 X 6800 GLAXOSMITHKLINE ADR COMMON STOCK 37733W105 315 6,255 X 6255 GIVAUDAN AG ORD SHRS COMMON STOCK H3238Q102 675 700 X 700 HOME DEPOT COMMON STOCK 437076102 1,115 41,371 X 41371 HAVERTY FURNITURE COMMON STOCK 419596101 203 22,600 X 22600 INTL BUS MACHINES COMMON STOCK 459200101 4,487 41,506 X 41506 ILLINOIS TOOL WORKS COMMON STOCK 452308109 2,763 51,602 X 51602 INVESCO LTD COMMON STOCK G491BT108 392 12,500 X 12500 JOHNSON CONTROLS INC COMMON STOCK 478366107 216 6,000 X 6000 JOHNSON & JOHNSON COMMON STOCK 478160104 1,606 24,076 X 24076 JP MORGAN CHASE & CO COMMON STOCK 46625H100 416 9,526 X 9526 WILEY JOHN &SONS INC COMMON STOCK 968223206 1,020 23,800 X 23800 DSM N.V. ORD SHRS COMMON STOCK N5017D122 2,284 48,318 X 48318 KOREA ELECTRIC POWER COMMON STOCK 500631106 1,435 68,838 X 68838 KIRBY CORP COMMON STOCK 497266106 353 7,600 X 7600 KIMBERLY-CLARK CORP COMMON STOCK 494368103 3,428 49,431 X 49431 COCA-COLA CO COMMON STOCK 191216100 7,956 129,642 X 129642 KEPPEL CORP LTD COMMON STOCK Y4722Z120 338 38,000 X 38000 ORDINARY SHARES KEPPEL LTD ADR COMMON STOCK 492051305 387 21,400 X 21400 LIBERTY GLOBAL INC COMMON STOCK 530555101 534 13,637 X 13637 INC SERIES A LIBERTY MEDIA COMMON STOCK 53071M302 939 8,061 X 8061 CAPITAL CLASS A LINCOLN ELECTRIC COMMON STOCK 533900106 320 4,500 X 4500 HOLDINGS INC LEGGETT & PLATT INC COMMON STOCK 524660107 614 35,200 X 35200 LIBERTY MEDIA COMMON STOCK 53071M104 305 15,988 X 15988 INTERACTIVE CLASS A LINEAR TECHNOLOGY COMMON STOCK 535678106 1,366 42,900 X 42900 LSB CORPORATION COMMON STOCK 50215P100 818 51,142 X 51142 MCDONALDS CORP COMMON STOCK 580135101 1,403 23,810 X 23810 MOODY'S CORPORATION COMMON STOCK 615369105 853 23,900 X 23900 MEDTRONIC INC COMMON STOCK 585055106 1,703 33,875 X 33875 MILLEA HLDS INC ADR COMMON STOCK 60032R106 1,660 49,199 X 49199 MARTIN MARIETTA COMMON STOCK 573284106 517 3,900 X 3900 MATERIALS INC 3M COMPANY COMMON STOCK 88579Y101 3,462 41,060 X 41060 ALTRIA GROUP INC COMMON STOCK 02209S103 398 5,270 X 5270 MARINE PRODUCTS CORP COMMON STOCK 568427108 158 22,470 X 22470 MICROSOFT CORP COMMON STOCK 594918104 1,027 28,845 X 28845 MITSUBISHI UFJ COMMON STOCK 606822104 1,408 150,900 X 150900 FINANCIAL GROUP INC PROSHARES-ULTRASHORT COMMON STOCK 74347R859 592 10,800 X 10800 MIDCAP 400 NOBLE CORPORATION COMMON STOCK G65422100 3,176 56,200 X 56200 NORTHROP GRUMMAN COMMON STOCK 666807102 1,300 16,532 X 16532 NATUZZI SPA COMMON STOCK 63905A101 519 112,595 X 112595 NUVELO INC COMMON STOCK 67072M301 47 25,500 X 25500 NORTHWESTERN CORP COMMON STOCK 668074305 352 11,938 X 11938 OFFICE DEPOT INC COMMON STOCK 676220106 1,123 80,700 X 80700 PLUM CREEK TIMBER CO COMMON STOCK 729251108 2,723 59,152 X 59152 REIT PATTERSON COMPANIES COMMON STOCK 703395103 306 9,000 X 9000 PEPSICO INC COMMON STOCK 713448108 332 4,380 X 4380 PROCTER & GAMBLE COMMON STOCK 742718109 1,154 15,711 X 15711 PHARMACEUTICAL COMMON STOCK 717124101 2,084 51,625 X 51625 PRODUCT DEVELOPMENT PPG INDUSTRIES INC COMMON STOCK 693506107 442 6,300 X 6300 PRUDENTIAL PLC PREFERRED G7293H114 289 14,200 X 14200 6.75% PFD RAVEN INDUSTRIES INC COMMON STOCK 754212108 6,381 166,203 X 166203 ROYAL BK OF SCOTLAND COMMON STOCK G76891111 911 104,700 X 104700 GROUP PLC ORD SHRS ELIZABETH ARDEN INC COMMON STOCK 28660G106 980 48,134 X 48134 READING INT'L CL A COMMON STOCK 755408101 267 26,700 X 26700 RPC INC COMMON STOCK 749660106 837 71,442 X 71442 ROBERT HALF INT'L COMMON STOCK 770323103 1,482 54,800 X 54800 RP ASSOCIATES LLP COMMON STOCK 934 934,271 X 934271 IMS HEALTH INC COMMON STOCK 449934108 1,992 86,458 X 86458 ROYAL BANK OF CANADA COMMON STOCK 780087102 217 4,246 X 4246 MONTREAL SECURITY BANK CORP COMMON STOCK 814047106 120 13,130 X 13130 PROSHARES-ULTRASHORT COMMON STOCK 74347R883 1,441 26,600 X 26600 S&P 500 SAGA COMMUNICATIONS COMMON STOCK 786598102 179 30,400 X 30400 SMUCKER (J.M.) CO COMMON STOCK 832696405 387 7,528 X 7528 SK TELECOM CO LTD COMMON STOCK 78440P108 307 10,300 X 10300 SECOM CO LTD COMMON STOCK J69972107 1,324 24,200 X 24200 ORDINARY SHRS SECOM CO LTD ADR'S COMMON STOCK 813113206 309 2,800 X 2800 SASOL LTD SPONS ADR COMMON STOCK 803866300 643 13,000 X 13000 SUNTRUST BANKS COMMON STOCK 867914103 3,599 57,591 X 57591 ST JUDE MEDICAL INC COMMON STOCK 790849103 463 11,400 X 11400 QUESTAR CORP COMMON STOCK 748356102 552 10,200 X 10200 SUPREME INDUSTRIES COMMON STOCK 868607102 138 24,000 X 24000 CLASS A STRYKER CORP COMMON STOCK 863667101 299 4,000 X 4000 SYNTHES ORD SHRS COMMON STOCK 87162M409 529 4,250 X 4250 AT&T INC NEW COMMON STOCK 00206R102 672 16,172 X 16172 TYCO ELECTRONICS LTD COMMON STOCK G9144P105 2,768 74,538 X 74538 TARGET CORPORATION COMMON STOCK 87612E106 355 7,090 X 7090 TIFFANY & COMPANY COMMON STOCK 886547108 345 7,500 X 7500 TOYOTA MOTOR CORP COMMON STOCK 892331307 1,242 11,700 X 11700 NEW ADR'S TOFUTTI BRANDS INC COMMON STOCK 88906B105 82 29,400 X 29400 TOTAL SYSTEM COMMON STOCK 891906109 2,005 71,600 X 71600 SERVICES INC TUPPERWARE CORP COMMON STOCK 899896104 275 8,314 X 8314 PROSHARES-ULTRASHORT COMMON STOCK 74347R834 598 8,500 X 8500 RUSSELL 2000 TIME WARNER INC COMMON STOCK 887317105 615 37,250 X 37250 TEXAS INSTRUMENTS COMMON STOCK 882508104 601 18,000 X 18000 TYCO INTL LTD NEW COMMON STOCK G9143X208 1,131 28,513 X 28513 UNITED PARCEL COMMON STOCK 911312106 2,426 34,300 X 34300 SERVICE INC U S BANCORP COMMON STOCK 902973304 1,430 45,056 X 45056 VALSPAR CORPORATION COMMON STOCK 920355104 2,478 109,960 X 109960 VULCAN MATERIALS COMMON STOCK 929160109 506 6,400 X 6400 VOLVO AB ADR COMMON STOCK 928856400 252 15,000 X 15000 VERIZON COMM'S COMMON STOCK 92343V104 932 21,343 X 21343 WACHOVIA BANK NEW COMMON STOCK 929903102 1,314 34,552 X 34552 WILLIAMS COMPANIES COMMON STOCK 969457100 458 12,795 X 12795 WAL-MART STORES INC COMMON STOCK 931142103 413 8,682 X 8682 WHITE MOUNTAINS COMMON STOCK G9618E107 440 855 X 855 INSURANCE GROUP WESTERN UNION CO COMMON STOCK 959802109 886 36,491 X 36491 WEYERHAEUSER CO COMMON STOCK 962166104 332 4,500 X 4500 EXXON MOBIL CORP COMMON STOCK 30231G102 3,878 41,387 X 41387 ALLEGHANY COMMON STOCK 017175100 1,127 2,803 X 2803 CORPORATION ZEBRA TECH CL A COMMON STOCK 989207105 3,265 94,089 X 94089 GRAND TOTAL: 192,069,809