13F-HR 1 inftable.txt SCHEDULE 13F HR FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Acxiom Corp COM 005125109 27079 1265954 SH Sole 1264554 1400 626 29249 SH Other 29249 Advanced Auto Parts COM 00751Y106 7286 189000 SH Sole 189000 Alberto Culver Co. COM 013078100 804 35147 SH Sole 35147 Alpharma Inc Class A COM 020813101 13727 570068 SH Sole 569218 850 375 15585 SH Other 15585 Altria Group Inc Com COM 02209s103 1221 13900 SH Sole 13900 American Capital Strategies COM 024937104 1374 31000 SH Sole 31000 American Financial Realty Trus COM 02607P305 11004 1091705 SH Sole 1091705 314 31197 SH Other 31197 American Intl. Group COM 026874107 235 3491 SH Sole 3491 Ares Capital Corp COM 04010L103 743 40900 SH Sole 40900 AutoZone, Inc. COM 053332102 34116 266240 SH Sole 265940 300 231 1800 SH Other 1800 Barrick Gold Corp. COM 067901108 343 12002 SH Sole 12002 Bed Bath & Beyond, Inc. COM 075896100 4017 100000 SH Sole 100000 Best Buy Inc Com COM 086516101 6675 137000 SH Sole 137000 Bristol-Myers Squibb Co. COM 110122108 853 30736 SH Sole 30736 Brookfield Asset Mgmt Cl A Ltd COM 112585104 5900 112902 SH Sole 112377 525 Buckeye Technologies Corp. COM 118255108 33195 2557378 SH Sole 2554378 3000 722 55632 SH Other 55632 Cabot Oil & Gas COM 127097103 1884 27980 SH Sole 27980 Canadian Natl Railway Co. COM 136375102 14125 320000 SH Sole 320000 CBS Corp New Cl B COM 124857202 12131 396560 SH Sole 395735 825 158 5175 SH Other 5175 Cedar Fair, L.P. * COM 150185106 6553 229459 SH Sole 229459 Chesapeake Energy Corp COM 165167107 15001 485775 SH Sole 484665 1110 158 5120 SH Other 5120 CIT Group Inc. COM 125581108 2926 55295 SH Sole 55295 Citigroup Inc. COM 172967101 435 8480 SH Sole 8480 Citizens Communications Co. COM 17453B101 5483 366789 SH Sole 366789 33 2200 SH Other 2200 Colgate-Palmolive COM 194162103 1193 17861 SH Sole 17861 Compton Petroleum Corp COM 204940100 3618 359306 SH Sole 359306 162 16110 SH Other 16110 Core Laboratories N V Com COM N22717107 17042 203293 SH Sole 203293 437 5210 SH Other 5210 CVS Caremark Corporation COM 126650100 17070 500000 SH Sole 500000 Darwin Professional Underwrite COM 237502109 8340 331603 SH Sole 331603 288 11466 SH Other 11466 Equity Inns, Inc.* COM 294703103 1149 70150 SH Sole 70150 30 1840 SH Other 1840 Exxon Mobil Corp COM 30231G102 235 3120 SH Sole 3120 Federated Dept. Stores, Inc. COM 31410H101 27156 602800 SH Sole 602800 FedEx Corporation COM 31428X106 32122 299000 SH Sole 299000 Ferrellgas Partners LP * COM 315293100 708 30550 SH Sole 30550 First Horizon National Corpora COM 320517105 2725 65622 SH Sole 65622 Freddie Mac COM 313400301 446 7500 SH Sole 7500 Gallagher Arthur J & Co COM 363576109 10368 365955 SH Sole 365155 800 139 4900 SH Other 4900 Gardner Denver Inc. COM 365558105 42347 1215121 SH Sole 1213821 1300 1084 31091 SH Other 31091 Gartner Inc. COM 366651107 41673 1740020 SH Sole 1737920 2100 975 40715 SH Other 40715 General Electric COM 369604103 679 19200 SH Sole 19200 Geomet Inc. COM 37250U201 6812 772375 SH Sole 772375 237 26880 SH Other 26880 Grant Prideco Inc COM 38821G101 11160 223926 SH Sole 223226 700 63 1258 SH Other 1258 HCC Ins Hldgs Inc. COM 404132102 14565 472890 SH Sole 471640 1250 149 4835 SH Other 4835 Home Depot, Inc. COM 437076102 29576 805000 SH Sole 805000 Hugoton Royalty Trust * COM 444717102 619 24600 SH Sole 24600 Infinity Property & Casualty C COM 45665Q103 25776 550060 SH Sole 549360 700 699 14920 SH Other 14920 InsCorp COM 150 15000 SH Sole 15000 Intl. Business Machines COM 459200101 1599 16960 SH Sole 16960 IPIX Corp Com COM 44982L103 1 38793 SH Sole 38793 Ishares - Russell 2000 Value COM 464287630 3203 39550 SH Sole 39550 J. C. Penney Co., Inc COM 708160106 63792 776440 SH Sole 775860 580 230 2800 SH Other 2800 Jarden Corp COM 471109108 22297 582175 SH Sole 581325 850 562 14670 SH Other 14670 Jos A Bank Clothiers Inc. COM 480838101 7070 200000 SH Sole 200000 JPMorgan Chase & Co COM 46625H100 223 4617 SH Sole 4617 Kaydon Corp. COM 486587108 30297 711866 SH Sole 711016 850 547 12841 SH Other 12841 Kinder Morgan Management LLC COM 49455U100 2183 42613 SH Sole 42613 Liberty Media-Interactive Clas COM 53071M104 16749 703165 SH Sole 703165 Lubrizol Corp COM 549271104 13390 259845 SH Sole 259195 650 157 3050 SH Other 3050 MacQuarie Infrastructure Co COM 55607X108 1021 25980 SH Sole 25980 MDS Inc COM 55269P302 32855 1737452 SH Sole 1735202 2250 688 36375 SH Other 36375 MSC Industrial Direct Co-A COM 553530106 26230 561911 SH Sole 561111 800 554 11875 SH Other 11875 MTS Systems Corp COM 553777103 8902 229193 SH Sole 229193 325 8355 SH Other 8355 Mueller Water Products Inc. Cl COM 624758207 10505 784513 SH Sole 784513 284 21214 SH Other 21214 Municipal Mortgage & Equity * COM 62624B101 2213 77650 SH Sole 77650 Norfolk Southern COM 655844108 12549 248000 SH Sole 248000 Oceaneering Intl., Inc. COM 675232102 25163 597421 SH Sole 596471 950 617 14641 SH Other 14641 Ocwen Finl Corp Com New COM 675746309 8965 696572 SH Sole 696572 295 22908 SH Other 22908 Old Republic Int'l. COM 680223104 1300 58787 SH Sole 58787 Parker Hannifin Corp COM 701094104 4936 57185 SH Sole 57185 104 1200 SH Other 1200 Penn Virginia GP Hldgs LP* COM 70788P105 2041 81645 SH Sole 81645 Plum Creek Timber Co Inc REIT* COM 729251108 2275 57700 SH Sole 57700 Prospect Energy Corp COM 74348T102 674 39300 SH Sole 39300 RCN Corp Com New COM 749361200 16782 656816 SH Sole 656816 439 17200 SH Other 17200 Regions Financial Corp. COM 7591EP100 1303 36827 SH Sole 36827 Ross Stores Inc COM 778296103 13175 383000 SH Sole 383000 Schering Plough Corp. COM 806605101 1339 52482 SH Sole 52482 Scripps Co. Class A COM 811054204 15827 354230 SH Sole 353590 640 153 3435 SH Other 3435 Shire PLC COM 82481R106 15814 255475 SH Sole 254905 570 162 2620 SH Other 2620 Spherion Corporation COM 848420105 7382 836924 SH Sole 836924 250 28361 SH Other 28361 Stewart Enterprises Inc Cl A COM 860370105 25699 3188522 SH Sole 3183972 4550 757 93920 SH Other 93920 Suntrust Banks, Inc. COM 867914103 1024 12328 SH Sole 12328 Synovus Financial Corp. COM 87161C105 1938 59911 SH Sole 59911 Target Corp COM 87612E106 17073 288100 SH Sole 288100 Texas Instruments COM 882508104 401 13325 SH Sole 13325 The St. Joe Company COM 790148100 418 8000 SH Sole 8000 Thermo Fisher Scientific Inc COM 883556102 22398 479095 SH Sole 478245 850 288 6160 SH Other 6160 Toyota Motor Corp Sponsored Ad COM 892331307 8779 68500 SH Sole 68500 Tuesday Morning Corp COM 899035505 11022 742710 SH Sole 742710 224 15081 SH Other 15081 U Store It Trust * COM 91274f104 592 29425 SH Sole 29425 United Parcel Service Cl B COM 911312106 12618 180000 SH Sole 180000 Valero Energy COM 91913Y100 387 6000 SH Sole 6000 Wal-Mart Stores COM 931142103 49598 1056400 SH Sole 1056400 Walgreen Co. COM 931422109 9040 197000 SH Sole 197000 Walter Industries Inc. COM 93317Q105 30381 1227510 SH Sole 1225810 1700 718 29010 SH Other 29010 Weatherford International, Ltd COM G95089101 16958 376006 SH Sole 375056 950 245 5440 SH Other 5440 XTO Energy Inc. COM 98385X106 4399 80259 SH Sole 80259