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 435,649 11,122 SH   SOLE   11,122 0 0
ASTORIA FINANCIAL COM 46265104 280,130 17,685 SH   SOLE   17,685 0 0
BANK OF AMERICA COM 60505104 526,496 38,942 SH   SOLE   38,942 0 0
BP PLC COM 55622104 37,853,869 1,254,270 SH   SOLE   1,254,270 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,825,882 28,583 SH   SOLE   28,583 0 0
BLACKBERRY COM 09228F103 32,322,462 3,995,360 SH   SOLE   3,995,360 0 0
CITIGROUP COM 172967101 47,529,870 1,138,440 SH   SOLE   1,138,440 0 0
CHEVRONTEXACO COM 166764100 466,315 4,888 SH   SOLE   4,888 0 0
COMCAST CL A COM 20030N101 1,257,952 20,595 SH   SOLE   20,595 0 0
EXXON MOBILE COM 30231G102 1,457,308 17,434 SH   SOLE   17,434 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 536,320 55,405 SH   SOLE   55,405 0 0
GENERAL ELECTRIC COM 369604103 476,850 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 3,306,789 434,532 SH   SOLE   434,532 0 0
GLAXOSMITHKLINE COM 3773W105 5,350,573 131,950 SH   SOLE   131,950 0 0
HOLOGIC COM 436440101 45,763,699 1,326,484 SH   SOLE   1,326,484 0 0
IBM COM 459200101 1,114,369 7,358 SH   SOLE   7,358 0 0
IDT CORP CL B COM 448847309 7,780,657 499,080 SH   SOLE   499,080 0 0
IDW MEDIA COM 44951N106 1,605,643 83,410 SH   SOLE   63,410 0 0
KEYCORP NEW COM 493267108 118,669 10,749 SH   SOLE   10,749 0 0
LANDMARK SAVINGS BANK COM 514928100 377,276 15,085 SH   SOLE   15,085 0 0
MERCK COM 589331107 52,138,529 985,419 SH   SOLE   985,419 0 0
MONSANTO COM 66166W101 679,287 7,742 SH   SOLE   7,742 0 0
MBIA COM 55262C100 38,845,367 4,389,307 SH   SOLE   4,389,307 0 0
NAM TAI PPTY COM G63907102 22,323,312 3,635,719 SH   SOLE   3,635,719 0 0
NAVIENT COM 63938C108 2,244,028 187,471 SH   SOLE   187,471 0 0
NEW YORK COMMUNITY COM 649445103 43,154,455 2,714,117 SH   SOLE   2,714,117 0 0
NOVARTIS ADR COM 66987V109 2,002,459 27,643 SH   SOLE   27,643 0 0
NY TIMES CL A COM 650111107 48,436,855 3,887,388 SH   SOLE   3,887,388 0 0
OLD REPUBLIC COM 680223104 4,020,394 219,934 SH   SOLE   219,934 0 0
PFIZER COM 717081103 42,756,986 1,442,543 SH   SOLE   1,442,543 0 0
PATTERSON ENERGY COM 703481101 18,808,663 1,067,461 SH   SOLE   1,067,461 0 0
SEABOARD CORP COM 811543107 28,405,472 9,459 SH   SOLE   9,459 0 0
SLM CORP COM 78443P106 334,854 52,650 SH   SOLE   52,650 0 0
STRAIGHT PATH COMM COM 862578101 7,548,172 243,254 SH   SOLE   243,254 0 0
STERLING BANCORP COM 85917A100 16,174,701 1,015,361 SH   SOLE   1,015,361 0 0
TRINITY PLACE HOLDINGS COM 89656D101 7,346,092 1,064,651 SH   SOLE   1,064,651 0 0
VOXX INTERNATIONAL COM 91829F104 8,275,584 1,851,361 SH   SOLE   1,851,361 0 0