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 030177109 402,845 11,300 SH   SOLE   11,300 0 0
ASSURED GUARANTY COM G0585R106 44,891,330 1,240,092 SH   SOLE   1,240,092 0 0
BANK OF AMERICA COM 060505104 783,549 26,127 SH   SOLE   26,127 0 0
BP PLC COM 055622104 56,983,227 1,405,605 SH   SOLE   1,405,605 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,249,188 19,750 SH   SOLE   19,750 0 0
BLACKBERRY COM 09228F103 51,330,365 4,463,510 SH   SOLE   4,463,510 0 0
CITIGROUP COM 172967101 64,022,560 948,482 SH   SOLE   948,482 0 0
CHEVRONTEXACO COM 166764100 575,674 5,048 SH   SOLE   5,048 0 0
COMCAST CL A COM 20030N101 304,933 8,924 SH   SOLE   8,924 0 0
EXXON MOBILE COM 30231G102 1,263,446 16,934 SH   SOLE   16,934 0 0
GENIE ENERGY COM 903514344 1,996,424 400,085 SH   SOLE   400,085 0 0
GLAXOSMITHKLINE COM 37733W105 48,081,183 1,230,642 SH   SOLE   1,230,642 0 0
HOLOGIC COM 436440101 24,582,768 657,997 SH   SOLE   657,997 0 0
IDT CORP CL B COM 448847309 4,017,458 640,743 SH   SOLE   640,743 0 0
IDW MEDIA COM 44951N106 3,384,310 75,408 SH   SOLE   75,408 0 0
MERCK COM 589331107 49,261,964 904,387 SH   SOLE   904,387 0 0
MBIA COM 55262C100 42,836,390 4,625,960 SH   SOLE   4,625,960 0 0
NAM TAI PPTY COM G63907102 22,662,175 1,820,255 SH   SOLE   1,820,255 0 0
NAVIENT COM 63938C108 513,648 39,150 SH   SOLE   39,150 0 0
NEW YORK COMMUNITY COM 649445103 28,712,823 2,203,594 SH   SOLE   2,203,594 0 0
NOVARTIS ADR COM 66987V109 1,779,509 22,010 SH   SOLE   22,010 0 0
NY TIMES CL A COM 650111107 54,402,424 2,257,362 SH   SOLE   2,257,362 0 0
OLD REPUBLIC COM 680223104 1,029,600 48,000 SH   SOLE   48,000 0 0
PFIZER COM 717081103 19,517,513 549,944 SH   SOLE   549,944 0 0
PATTERSON ENERGY COM 703481101 23,911,866 1,365,612 SH   SOLE   1,365,612 0 0
RAFAEL HOLDING COM 75062E106 1,553,581 320,326 SH   SOLE   320,326 0 0
SEABOARD CORP COM 811543107 33,220,085 7,789 SH   SOLE   7,789 0 0
STERLING BANCORP COM 85917A100 19,632,819 870,635 SH   SOLE   870,635 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,292,839 968,129 SH   SOLE   968,129 0 0
VOXX INTERNATIONAL COM 91829F104 18,110,689 3,658,725 SH   SOLE   3,658,725 0 0
ZEDGE INC. COM 98923T104 442,445 138,264 SH   SOLE   138,264 0 0