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 434,298 12,324 SH   SOLE   12,324 0 0
ASTORIA FINANCIAL COM 46265104 219,117 17,685 SH   SOLE   17,685 0 0
ASTEC INDUS COM 46224101 437,640 12,000 SH   SOLE   12,000 0 0
BANK OF AMERICA COM 60505104 933,471 54,749 SH   SOLE   54,749 0 0
BP PLC COM 55622104 37,113,797 844,455 SH   SOLE   844,455 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,415,127 27,650 SH   SOLE   27,650 0 0
BLACKBERRY COM 09228F103 15,467,137 1,556,050 SH   SOLE   1,556,050 0 0
CITIGROUP COM 172967101 63,663,980 1,228,560 SH   SOLE   1,228,560 0 0
CHEVRONTEXACO COM 166764100 762,216 6,388 SH   SOLE   6,388 0 0
COMCAST CL A COM 20030N101 1,421,683 26,435 SH   SOLE   26,435 0 0
CTM MEDIA CL A COM 22944D104 750,732 10,284 SH   SOLE   10,284 0 0
EXXON MOBILE COM 30231G102 1,663,180 17,684 SH   SOLE   17,684 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,149,915 138,045 SH   SOLE   138,045 0 0
FLUSHING FINANCIAL COM 343873105 283,532 15,519 SH   SOLE   15,519 0 0
GENERAL ELECTRIC COM 369604103 384,300 15,000 SH   SOLE   15,000 0 0
GENIE ELECTRIC COM 903514344 4,185,085 595,318 SH   SOLE   595,318 0 0
GLAXOSMITHKLINE COM 3773W105 2,344,470 51,000 SH   SOLE   51,000 0 0
HOLOGIC COM 436440101 37,496,398 1,541,159 SH   SOLE   1,541,159 0 0
IBM COM 459200101 1,377,786 7,258 SH   SOLE   7,258 0 0
IDT CORP CL B COM 448847309 10,550,537 656,945 SH   SOLE   656,945 0 0
KEYCORP NEW COM 493267108 207,588 15,573 SH   SOLE   15,573 0 0
LANDMARK SAVINGS BANK COM 514928100 1,587,543 68,606 SH   SOLE   68,606 0 0
MERCK COM 589331107 65,752,718 1,109,189 SH   SOLE   1,109,189 0 0
MONSANTO COM 66166W101 999,995 8,888 SH   SOLE   8,888 0 0
MBIA COM 55262C100 21,457,690 2,337,439 SH   SOLE   2,337,439 0 0
NAM TAI PPTY COM G63907102 22,646,906 3,730,956 SH   SOLE   3,730,956 0 0
NAVIENT COM 63938C108 15,931,650 899,585 SH   SOLE   899,585 0 0
NEW YORK COMMUNITY COM 649445103 55,938,796 3,524,813 SH   SOLE   3,524,813 0 0
NEWMARKET GROUP COM 651587107 342,918 900 SH   SOLE   900 0 0
NOVARTIS ADR COM 66987V109 2,858,540 30,368 SH   SOLE   30,368 0 0
NY TIMES CL A COM 650111107 49,675,383 4,427,396 SH   SOLE   4,427,396 0 0
OLD REPUBLIC COM 680223104 30,257,813 2,118,895 SH   SOLE   2,118,895 0 0
PHI INC NON-VOTING COM 716604202 625,480 15,200 SH   SOLE   15,200 0 0
PFIZER COM 717081103 58,701,221 1,985,161 SH   SOLE   1,985,161 0 0
PATTERSON ENERGY COM 703481101 20,372,043 626,254 SH   SOLE   626,254 0 0
QUESTAR CORP COM 748356102 355,526 15,950 SH   SOLE   15,950 0 0
SEABOARD CORP COM 811543107 28,515,392 10,660 SH   SOLE   10,660 0 0
SLM CORP COM 78443P106 7,686,238 897,925 SH   SOLE   897,925 0 0
STRAIGHT PATH COMM COM 862578101 5,221,157 331,502 SH   SOLE   331,502 0 0
STERLING BANCORP COM 85917A100 17,758,813 1,388,492 SH   SOLE   1,388,492 0 0
TRINITY PLACE HOLDINGS COM 89656D101 7,197,378 1,199,563 SH   SOLE   1,199,563 0 0
USG INC COM 903293405 522,310 19,000 SH   SOLE   19,000 0 0
VOXX INTERNATIONAL COM 91829F104 18,030,245 1,938,736 SH   SOLE   1,938,736 0 0
VOLVO COM 928856400 108,830 10,000 SH   SOLE   10,000 0 0