13F-HR 1 inftable.txt SCHEDULE 13F TABLE 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 8806 750715 SH SOLE 745815 4900 248 21129 SH OTHER 02 04 21129 Advanced Auto Parts COM 00751Y106 11169 294000 SH SOLE 294000 Alberto Culver Co COM 013078100 436 17752 SH SOLE 17752 Alpharma Inc Class A COM 020813101 22833 1133140 SH SOLE 1126640 6500 462 22930 SH OTHER 02 04 22930 Altria Group Inc. COM 02209S103 1051 13900 SH SOLE 13900 American Capital Strategies COM 024937104 1412 42845 SH SOLE 42845 American Internationall Group COM 026874107 204 3491 SH SOLE 3491 Ares Capital Corp COM 04010L103 1238 84600 SH SOLE 84600 AutoZone, Inc. COM 053332102 33208 276940 SH SOLE 276640 300 216 1800 SH OTHER 02 1800 BARRICK GOLD CORP COM COM 067901108 505 12002 SH SOLE 12002 BED BATH & BEYOND INC COM COM 075896100 2939 100000 SH SOLE 100000 Best Buy Inc Com COM 086516101 7213 137000 SH SOLE 137000 Bristol-Myers Squibb Co. COM 110122108 815 30736 SH SOLE 30736 Brookdale Sr Living Inc Com COM 112463104 395 13900 SH SOLE 13900 Brookfield Asset Management In COM 112585104 5487 153828 SH SOLE 152941 887 Buckeye Technologies Inc. COM 118255108 31209 2496709 SH SOLE 2483759 12950 630 50382 SH OTHER 02 04 50382 Burlington Northern Santa Fe C COM 12189T104 8489 102000 SH SOLE 102000 Cabot Oil & Gas Corp Com COM 127097103 1993 49360 SH SOLE 49360 Canadian Natl Railway Co. COM 136375102 10841 231000 SH SOLE 231000 CBS Corp New Cl B COM 124857202 10892 399705 SH SOLE 398880 825 141 5175 SH OTHER 02 5175 Cedar Fair LP* COM 150185106 4061 192209 SH SOLE 192209 Chesapeake Energy Corp COM 165167107 18619 474980 SH SOLE 473870 1110 200 5090 SH OTHER 02 5090 CIT Group Inc. COM 125581108 1167 48565 SH SOLE 48565 Citigroup Inc. COM 172967101 238 8080 SH SOLE 8080 Citizens Communications Co COM 17453B101 2655 208584 SH SOLE 208584 28 2200 SH OTHER 02 2200 Colgate Palmolive Co COM 194162103 1286 16500 SH SOLE 16500 Compton Petroleum Corp COM 204940100 5461 593605 SH SOLE 587030 6575 210 22790 SH OTHER 02 04 22790 Core Laboratories N V Com COM N22717107 16710 133979 SH SOLE 133134 845 373 2989 SH OTHER 02 04 2989 CVS Caremark Corporation COM 126650100 19875 500000 SH SOLE 500000 Darwin Professional Underwrite COM 237502109 12646 523209 SH SOLE 518609 4600 391 16175 SH OTHER 02 04 16175 FedEx Corporation COM 31428X106 23389 262300 SH SOLE 262300 Ferrellgas Partners L.P. COM 315293100 669 30550 SH SOLE 30550 First Horizon Natl Corp Com COM 320517105 1191 65622 SH SOLE 65622 Ford Motor Co COM 345370860 6212 923000 SH SOLE 923000 Gardner Denver Inc COM 365558105 39965 1211066 SH SOLE 1204166 6900 938 28435 SH OTHER 02 04 28435 Gartner Inc. COM 366651107 29438 1676425 SH SOLE 1667750 8675 548 31220 SH OTHER 02 04 31220 General Electric Co. COM 369604103 712 19200 SH SOLE 19200 Geomet Inc. COM 37250U201 4968 955330 SH SOLE 947055 8275 152 29240 SH OTHER 02 04 29240 Grant Prideco Inc COM 38821G101 11195 201681 SH SOLE 201131 550 68 1218 SH OTHER 02 1218 Haynes International Inc COM 420877201 16221 233390 SH SOLE 231895 1495 421 6060 SH OTHER 02 04 6060 HCC Insurance Holdings Inc. COM 404132102 15346 535090 SH SOLE 533840 1250 139 4835 SH OTHER 02 4835 Home Depot Inc. Com COM 437076102 11719 435000 SH SOLE 435000 Hugoton Rlty Tr COM 444717102 563 25100 SH SOLE 25100 Infinity Property & Casualty C COM 45665Q103 26398 730631 SH SOLE 726381 4250 580 16045 SH OTHER 02 04 16045 InsCorp COM 003892284 0 15000 SH SOLE 15000 Intl. Business Machines COM 459200101 1646 15231 SH SOLE 15231 IPIX Corp Com COM 44982L103 0 38793 SH SOLE 38793 Ishares - Russell 2000 Value COM 464287630 3006 42646 SH SOLE 40846 1800 J C Penney Company Inc. COM 708160106 35053 796840 SH SOLE 796260 580 122 2770 SH OTHER 02 2770 Jarden Corp COM 471109108 15213 644350 SH SOLE 640700 3650 326 13820 SH OTHER 02 04 13820 Kaydon Corp COM 486587108 37464 686910 SH SOLE 683460 3450 635 11637 SH OTHER 02 04 11637 Kinder Morgan Management COM 49455U100 2487 46972 SH SOLE 46972 Kraft Foods Inc. COM 50075N104 275 8426 SH SOLE 8426 Kroger Co. COM 501044101 5342 200000 SH SOLE 200000 Liberty Media Hldg Corp Int Co COM 53071M104 12888 675450 SH SOLE 675450 Lowe's Co. COM 548661107 11423 505000 SH SOLE 505000 Lubrizol Corp COM 549271104 13802 254835 SH SOLE 254185 650 162 3000 SH OTHER 02 3000 MacQuarie Infrastructure Co LL COM 55608B105 2216 54680 SH SOLE 54680 Macy's Inc. COM 55616P104 20639 797800 SH SOLE 797800 MDS Inc COM 55269P302 33837 1739682 SH SOLE 1730832 8850 644 33110 SH OTHER 02 04 33110 MSC Industrial Direct Co-A COM 553530106 24405 603031 SH SOLE 599431 3600 446 11025 SH OTHER 02 04 11025 MTS Sys Corp. Com. COM 553777103 9671 226658 SH SOLE 224758 1900 299 7015 SH OTHER 02 04 7015 Municipal Mortgage and Equity COM 62624B101 1623 109390 SH SOLE 109390 Norfolk Southern Corp Com COM 655844108 12509 248000 SH SOLE 248000 Oceaneering Intl., Inc. COM 675232102 25162 373605 SH SOLE 371280 2325 457 6785 SH OTHER 02 04 6785 Parker Hannifin Corp COM 701094104 4544 60331 SH SOLE 60331 Penn Virginia GP Holdings L P* COM 70788P105 1900 66330 SH SOLE 66330 Pool Corp COM 73278L105 2560 129105 SH SOLE 127965 1140 83 4200 SH OTHER 02 04 4200 Prospect Capital Corporation COM 74348T102 793 60756 SH SOLE 60756 RCN Corp Com New COM 749361200 29465 1889991 SH SOLE 1878641 11350 656 42080 SH OTHER 02 04 42080 Regions Financial Corp. COM 7591EP100 805 34058 SH SOLE 34058 Rush Enterprises Inc Class A COM 781846209 11473 631081 SH SOLE 625756 5325 337 18535 SH OTHER 02 04 18535 Schering Plough Corp COM 806605101 734 27562 SH SOLE 27562 Scripps E W Co Ohio Cl A COM 811054204 4846 107655 SH SOLE 107655 Sears Hldgs Corp Com COM 812350106 3572 35000 SH SOLE 35000 Shire PLC Sponsored ADR COM 82481R106 16899 245095 SH SOLE 244525 570 181 2620 SH OTHER 02 2620 Spherion Corporation COM 848420105 6077 834749 SH SOLE 827649 7100 182 24936 SH OTHER 02 04 24936 Stewart Enterprises Inc Cl A COM 860370105 28390 3189912 SH SOLE 3166562 23350 750 84280 SH OTHER 02 04 84280 Suntrust Bks Inc Com COM 867914103 770 12328 SH SOLE 12328 Synovus Financial Corp. COM 87161C105 767 31861 SH SOLE 15406 16455 Target Corp Com COM 87612E106 14405 288100 SH SOLE 288100 Tesco Corp Com COM 88157K101 5328 185830 SH SOLE 183630 2200 208 7240 SH OTHER 02 04 7240 TEXAS INSTRS INC COM COM 882508104 334 10000 SH SOLE 10000 The St. Joe Company COM 790148100 213 6000 SH SOLE 6000 Thermo Fisher Scientific Inc. COM 883556102 27292 473160 SH SOLE 472410 750 353 6120 SH OTHER 02 6120 Toyota Motor Corp Sponsored Ad COM 892331307 4088 38500 SH SOLE 38500 U Store It Trust * COM 91274F104 669 73075 SH SOLE 73075 United Parcel Service Cl B COM 911312106 12730 180000 SH SOLE 180000 Valero Energy COM 91913Y100 420 6000 SH SOLE 6000 Wal Mart Store Inc. COM 931142103 41037 863400 SH SOLE 863400 Walgreen Co. COM 931422109 12071 317000 SH SOLE 317000 Walter Industries Inc. COM 93317Q105 45926 1278205 SH SOLE 1270905 7300 959 26690 SH OTHER 02 04 26690 Weatherford International LTD COM G95089101 25288 368629 SH SOLE 367779 850 373 5440 SH OTHER 02 5440 XTO Energy Inc. COM 98385X106 4208 81923 SH SOLE 81923 CIT Holdings Inc 7.75% Convert PFD CV 125581405 621 32950 SH SOLE 32950