13F-HR 1 inftable.txt 12/31/11 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ------ AFLAC INC COM COM 001055102 10722 247845.0000 SH Sole 247845.0000 ALLEGIANT TRAVEL CO COM 01748X102 12752 239065.0000 SH Sole 239065.0000 ALLIANCE DATA SYS CORP COM COM 018581108 23855 229725.0000 SH Sole 229725.0000 ASBURY AUTOMOTIVE GP COM COM 043436104 327 15170.0000 SH Sole 15170.0000 AT&T INC COM COM 00206R102 8372 276855.0000 SH Sole 276855.0000 Abbott Labs COM 002824100 24070 428070.0000 SH Sole 428070.0000 Apache Corp. COM 037411105 571 6305.0000 SH Sole 6305.0000 Berkshire Hathaway CL B COM 084670702 14214 186285.0000 SH Sole 186285.0000 C&J ENERGY SVCS INC COM COM 12467B304 2140 102225.0000 SH Sole 102225.0000 CHESAPEAKE ENERGY CORP COM COM 165167107 12271 550525.0000 SH Sole 550525.0000 CONSOL ENERGY INC COM COM 20854P109 10505 286250.0000 SH Sole 286250.0000 COVIDIEN PLC SHS COM G2554F113 16920 375920.0000 SH Sole 375920.0000 Cisco Systems Inc COM 17275R102 1043 57695.0000 SH Sole 57695.0000 Citigroup Inc. COM 172967424 5504 209190.0000 SH Sole 209190.0000 Corning Inc. COM 219350105 10645 820109.0000 SH Sole 820109.0000 DISCOVER FINL SVCS COM COM 254709108 1078 44915.0000 SH Sole 44915.0000 Dell Inc. COM 24702R101 2960 202305.0000 SH Sole 202305.0000 Delta Air Lines COM 247361702 824 101885.0000 SH Sole 101885.0000 Exelon Corp. COM 30161N101 17293 398730.0000 SH Sole 398730.0000 FORTRESS INVT GRP LLC CL A COM 34958B106 46 13525.0000 SH Sole 13525.0000 FUEL SYS SOLUTIONS INC COM COM 35952W103 3793 229988.0000 SH Sole 229988.0000 GILEAD SCIENCES INC COM COM 375558103 1582 38660.0000 SH Sole 38660.0000 HELIX ENERGY SOLUTIONS GROUP COM 42330P107 8984 568610.0000 SH Sole 568610.0000 Hospira, Inc. COM 441060100 445 14650.0000 SH Sole 14650.0000 INNOVATIVE SOLTNS&SUPP COM COM 45769N105 1711 497244.0000 SH Sole 497244.0000 Intel Corp COM 458140100 25289 1042865.0000 SH Sole 1042865.0000 International Business Machine COM 459200101 1106 6013.0000 SH Sole 6013.0000 J.P. Morgan Chase & Co. COM 46625H100 10398 312710.0000 SH Sole 312710.0000 KEY ENERGY SVCS INC COM COM 492914106 4460 288285.0000 SH Sole 288285.0000 LABORATORY CORP OF AMERICA COM 50540R409 8137 94645.0000 SH Sole 94645.0000 LATTICE SEMICONDUCTOR CORP COM 518415104 4502 757935.0000 SH Sole 757935.0000 LINCOLN NATL CORP IND COM COM 534187109 5838 300600.0000 SH Sole 300600.0000 METLIFE INC COM COM 59156R108 9834 315400.0000 SH Sole 315400.0000 Mcdermott Intl Inc COM 580037109 5692 494535.0000 SH Sole 494535.0000 Microsoft Corp COM 594918104 22235 856510.0000 SH Sole 856510.0000 Novogen LTD COM 67010F202 72 178789.0000 SH Sole 178789.0000 Oracle Corp COM 68389X105 15010 585175.0000 SH Sole 585175.0000 PHILIP MORRIS INTL. INC. COM 718172109 30932 394142.3650 SH Sole 394142.3650 PNC Financial COM 693475105 21162 366955.0000 SH Sole 366955.0000 POWER ONE INC NEW COM COM 73930R102 962 246150.0000 SH Sole 246150.0000 Pfizer Inc COM 717081103 12915 596824.0000 SH Sole 596824.0000 Pulte Homes, Inc. COM 745867101 1294 205000.0000 SH Sole 205000.0000 REX ENERGY CORP COM 761565100 10783 730550.0000 SH Sole 730550.0000 Rush Enterprises CLA COM 781846209 7738 369907.0000 SH Sole 369907.0000 Rush Enterprises CLB COM 781846308 542 31907.0000 SH Sole 31907.0000 SONIC AUTOMOTIVE INC CL A COM 83545G102 15844 1069805.0000 SH Sole 1069805.0000 Stanley Furniture Inc New COM 854305208 929 310840.0000 SH Sole 310840.0000 State Street Corp COM 857477103 17097 424143.0000 SH Sole 424143.0000 TEVA PHARMACEUTCL INDS ADR COM 881624209 10914 270410.0000 SH Sole 270410.0000 UnitedHealth Group Inc. COM 91324P102 21948 433079.0000 SH Sole 433079.0000 WESTPORT INNOVATIONS COM NEW COM 960908309 11276 339225.0000 SH Sole 339225.0000 Zimmer Holdings Inc. COM 98956P102 961 17995.0000 SH Sole 17995.0000 SELECT SECTOR SPDR TR SBI CONS 81369Y407 13532 346805.0000 SH Sole 346805.0000 CALL AMERICAN AXLE & MFG $9 EX CALL 4063018 356 2035 SH Sole 2035