The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN TEL & TEL COM 30177109 561,835 15,889 SH   SOLE   15,889 0 0
ASTORIA FINANCIAL COM 46265104 237,863 17,685 SH   SOLE   17,685 0 0
ASTEC INDUS COM 46224101 526,560 12,000 SH   SOLE   12,000 0 0
BANK OF AMERICA COM 60505104 852,466 55,463 SH   SOLE   55,463 0 0
BP PLC COM 55622104 47,813,391 906,415 SH   SOLE   906,415 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,341,302 27,650 SH   SOLE   27,650 0 0
BLACKBERRY COM 09228F103 17,105,408 1,670,450 SH   SOLE   1,670,450 0 0
CITIGROUP COM 172967101 65,240,282 1,385,144 SH   SOLE   1,385,144 0 0
CHEVRONTEXACO COM 166764100 833,953 6,388 SH   SOLE   6,388 0 0
COMCAST CL A COM 20030N101 1,301,909 24,253 SH   SOLE   24,253 0 0
CTM MEDIA CL A COM 22944D104 701,119 10,341 SH   SOLE   10,341 0 0
EXXON MOBILE COM 30231G102 1,780,425 17,684 SH   SOLE   17,684 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,206,854 138,084 SH   SOLE   138,084 0 0
FLUSHING FINANCIAL COM 343873105 207,945 10,119 SH   SOLE   10,119 0 0
GENERAL ELECTRIC COM 369604103 394,200 15,000 SH   SOLE   15,000 0 0
GENIE ELECTRIC COM 903514344 5,155,849 655,127 SH   SOLE   655,127 0 0
HOLOGIC COM 436440101 39,082,831 1,541,729 SH   SOLE   1,541,729 0 0
IBM COM 459200101 590,578 3,258 SH   SOLE   3,258 0 0
IDT CORP CL B COM 448847309 11,586,808 665,144 SH   SOLE   665,144 0 0
KEYCORP NEW COM 493267108 266,094 18,569 SH   SOLE   18,569 0 0
LANDMARK SAVINGS BANK COM 514928100 1,400,557 70,486 SH   SOLE   70,486 0 0
MERCK COM 589331107 64,796,308 1,120,074 SH   SOLE   1,120,074 0 0
MONSANTO COM 66166W101 1,108,695 8,888 SH   SOLE   8,888 0 0
MBIA COM 55262C100 27,851,039 2,522,739 SH   SOLE   2,522,739 0 0
NAM TAI PPTY COM G63907102 28,459,862 3,774,517 SH   SOLE   3,774,517 0 0
NAVIENT COM 63938C108 16,153,026 912,085 SH   SOLE   912,085 0 0
NEW YORK COMMUNITY COM 649445103 59,528,111 3,725,163 SH   SOLE   3,725,163 0 0
NEWMARKET GROUP COM 651587107 372,505 950 SH   SOLE   950 0 0
NOVARTIS ADR COM 66987V109 2,387,095 26,368 SH   SOLE   26,368 0 0
NY TIMES CL A COM 650111107 68,625,939 4,511,896 SH   SOLE   4,511,896 0 0
OLD REPUBLIC COM 680223104 34,473,760 2,265,645 SH   SOLE   2,265,645 0 0
PHI INC NON-VOTING COM 716604202 1,260,439 28,280 SH   SOLE   28,280 0 0
PFIZER COM 717081103 62,164,438 2,124,489 SH   SOLE   2,124,489 0 0
PATTERSON ENERGY COM 703481101 31,577,165 903,754 SH   SOLE   903,754 0 0
QUESTAR CORP COM 748356102 395,560 15,950 SH   SOLE   15,950 0 0
SEABOARD CORP COM 811543107 34,310,267 11,360 SH   SOLE   11,360 0 0
SLM CORP COM 78443P106 7,576,103 911,685 SH   SOLE   911,685 0 0
STRAIGHT PATH COMM COM 862578101 3,407,657 334,084 SH   SOLE   334,084 0 0
STERLING BANCORP COM 85917A100 16,761,876 1,396,823 SH   SOLE   1,396,823 0 0
TRINITY PLACE HOLDINGS COM 89656D101 7,797,160 1,199,563 SH   SOLE   1,199,563 0 0
USG INC COM 903293405 572,470 19,000 SH   SOLE   19,000 0 0
VOXX INTERNATIONAL COM 91829F104 19,421,713 2,063,944 SH   SOLE   2,063,944 0 0
VOLVO COM 928856400 137,690 10,000 SH   SOLE   10,000 0 0