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 404,423 12,040 SH   SOLE   12,040 0 0
ASTORIA FINANCIAL COM 46265104 236,272 17,685 SH   SOLE   17,685 0 0
ASTEC INDUS COM 46224101 471,420 12,000 SH   SOLE   12,000 0 0
BANK OF AMERICA COM 60505104 914,125 51,097 SH   SOLE   51,097 0 0
BP PLC COM 55622104 33,069,391 867,505 SH   SOLE   867,505 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,676,452 28,400 SH   SOLE   28,400 0 0
BLACKBERRY COM 09228F103 20,269,190 1,846,010 SH   SOLE   1,846,010 0 0
CITIGROUP COM 172967101 64,415,899 1,190,462 SH   SOLE   1,190,462 0 0
CHEVRONTEXACO COM 166764100 671,734 5,988 SH   SOLE   5,988 0 0
COMCAST CL A COM 20030N101 1,479,089 25,497 SH   SOLE   25,497 0 0
CTM MEDIA CL A COM 22944D104 710,260 8,356 SH   SOLE   8,356 0 0
EXXON MOBILE COM 30231G102 1,634,886 17,684 SH   SOLE   17,684 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,129,999 134,045 SH   SOLE   134,045 0 0
FLUSHING FINANCIAL COM 343873105 314,570 15,519 SH   SOLE   15,519 0 0
GENERAL ELECTRIC COM 369604103 379,050 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 2,836,089 458,914 SH   SOLE   458,914 0 0
GLAXOSMITHKLINE COM 3773W105 2,179,740 51,000 SH   SOLE   51,000 0 0
HOLOGIC COM 436440101 11,813,971 1,420,442 SH   SOLE   1,420,442 0 0
IBM COM 459200101 1,148,430 7,158 SH   SOLE   7,158 0 0
IDT CORP CL B COM 448847309 10,721,162 527,876 SH   SOLE   527,876 0 0
KEYCORP NEW COM 493267108 211,280 15,200 SH   SOLE   15,200 0 0
LANDMARK SAVINGS BANK COM 514928100 1,065,583 50,502 SH   SOLE   50,502 0 0
MERCK COM 589331107 59,788,930 1,052,807 SH   SOLE   1,052,807 0 0
MONSANTO COM 66166W101 1,061,856 8,888 SH   SOLE   8,888 0 0
MBIA COM 55262C100 18,906,772 1,981,842 SH   SOLE   1,981,842 0 0
NAM TAI PPTY COM G63907102 13,979,352 2,943,022 SH   SOLE   2,943,022 0 0
NAVIENT COM 63938C108 18,357,327 849,483 SH   SOLE   849,483 0 0
NEW YORK COMMUNITY COM 649445103 54,062,124 3,378,882 SH   SOLE   3,378,882 0 0
NEWMARKET GROUP COM 651587107 355,106 880 SH   SOLE   880 0 0
NOVARTIS ADR COM 66987V109 2,869,495 30,968 SH   SOLE   30,968 0 0
NY TIMES CL A COM 650111107 54,616,751 4,131,373 SH   SOLE   4,131,373 0 0
OLD REPUBLIC COM 680223104 28,721,828 1,963,215 SH   SOLE   1,963,215 0 0
PHI INC NON-VOTING COM 716604202 243,100 6,500 SH   SOLE   6,500 0 0
PFIZER COM 717081103 58,662,213 1,883,217 SH   SOLE   1,883,217 0 0
PATTERSON ENERGY COM 703481101 14,775,204 890,609 SH   SOLE   890,609 0 0
QUESTAR CORP COM 748356102 403,216 15,950 SH   SOLE   15,950 0 0
SEABOARD CORP COM 811543107 41,186,087 9,811 SH   SOLE   9,811 0 0
SLM CORP COM 78443P106 7,249,278 711,411 SH   SOLE   711,411 0 0
STRAIGHT PATH COMM COM 862578101 5,052,146 266,604 SH   SOLE   266,604 0 0
STERLING BANCORP COM 85917A100 18,457,810 1,283,584 SH   SOLE   1,283,584 0 0
TRINITY PLACE HOLDINGS COM 89656D101 8,130,262 1,161,466 SH   SOLE   1,161,466 0 0
USG INC COM 903293405 531,810 19,000 SH   SOLE   19,000 0 0
VOXX INTERNATIONAL COM 91829F104 14,920,549 1,703,259 SH   SOLE   1,703,259 0 0
VOLVO COM 928856400 108,200 10,000 SH   SOLE   10,000 0 0