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
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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 401,221 11,660 SH   SOLE   11,660 0 0
ASTORIA FINANCIAL COM 46265104 280,207 17,685 SH   SOLE   17,685 0 0
BANK OF AMERICA COM 60505104 669,396 39,774 SH   SOLE   39,774 0 0
BP PLC COM 55622104 34,075,776 1,090,076 SH   SOLE   1,090,076 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,929,560 28,050 SH   SOLE   28,050 0 0
BLACKBERRY COM 09228F103 35,276,547 3,801,352 SH   SOLE   3,801,352 0 0
CITIGROUP COM 172967101 58,171,399 1,124,085 SH   SOLE   1,124,085 0 0
CHEVRONTEXACO COM 166764100 439,724 4,888 SH   SOLE   4,888 0 0
COMCAST CL A COM 20030N101 1,159,363 20,545 SH   SOLE   20,545 0 0
EXXON MOBILE COM 30231G102 1,358,980 17,434 SH   SOLE   17,434 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,364,160 125,729 SH   SOLE   125,729 0 0
GENERAL ELECTRIC COM 369604103 467,250 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 4,877,155 437,413 SH   SOLE   437,413 0 0
GLAXOSMITHKLINE COM 3773W105 3,413,610 84,600 SH   SOLE   84,600 0 0
HOLOGIC COM 436440101 52,241,211 1,350,251 SH   SOLE   1,350,251 0 0
IBM COM 459200101 985,084 7,158 SH   SOLE   7,158 0 0
IDT CORP CL B COM 448847309 5,866,858 503,161 SH   SOLE   503,161 0 0
IDW MEDIA COM 44951N106 2,880,935 83,870 SH   SOLE   83,870 0 0
KEYCORP NEW COM 493267108 180,281 13,668 SH   SOLE   13,668 0 0
LANDMARK SAVINGS BANK COM 514928100 751,309 28,599 SH   SOLE   28,599 0 0
MERCK COM 589331107 53,397,196 1,010,927 SH   SOLE   1,010,927 0 0
MONSANTO COM 66166W101 805,110 8,172 SH   SOLE   8,172 0 0
MBIA COM 55262C100 28,571,771 4,409,224 SH   SOLE   4,409,224 0 0
NAM TAI PPTY COM G63907102 21,105,757 3,645,209 SH   SOLE   364,209 0 0
NAVIENT COM 63938C108 2,191,771 191,421 SH   SOLE   191,421 0 0
NEW YORK COMMUNITY COM 649445103 44,939,208 2,753,628 SH   SOLE   2,753,628 0 0
NOVARTIS ADR COM 66987V109 2,378,404 27,643 SH   SOLE   27,643 0 0
NY TIMES CL A COM 650111107 52,691,684 3,926,355 SH   SOLE   3,926,355 0 0
OLD REPUBLIC COM 680223104 15,073,375 809,092 SH   SOLE   809,092 0 0
PFIZER COM 717081103 50,675,510 1,569,873 SH   SOLE   1,569,873 0 0
PATTERSON ENERGY COM 703481101 16,133,202 1,069,841 SH   SOLE   1,069,841 0 0
SEABOARD CORP COM 811543107 27,526,083 9,509 SH   SOLE   9,509 0 0
SLM CORP COM 78443P106 349,472 53,600 SH   SOLE   53,600 0 0
STRAIGHT PATH COMM COM 862578101 4,194,038 244,693 SH   SOLE   244,693 0 0
STERLING BANCORP COM 85917A100 16,598,948 1,023,363 SH   SOLE   1,023,363 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,526,097 1,064,651 SH   SOLE   1,064,651 0 0
VOXX INTERNATIONAL COM 91829F104 9,617,384 1,828,400 SH   SOLE   1,828,400 0 0
VOLVO COM 928856400 93,830 10,000 SH   SOLE   10,000 0 0