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
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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
Berkshire Hathaway, Inc. - Class B Equity 084670702 32,626 178,449 SH   SOLE   0 0 178,449
Laboratory Corporation of America Hldgs Equity 50540r409 30,269 239,487 SH   SOLE   0 0 239,487
Lamar Advertising Co. Equity 512815101 20,033 390,660 SH   SOLE   0 0 390,660
Equity Lifestyle Properties Inc. Equity 29472r108 19,510 337,960 SH   SOLE   0 0 337,960
Sun Communities UserDef 866674104 15,279 121,810 SH   SOLE   0 0 121,810
Johnson & Johnson Equity 478160104 13,152 100,300 SH   SOLE   0 0 100,300
Casey's General Stores, Inc. Equity 147528103 12,742 96,175 SH   SOLE   0 0 96,175
Apple Inc. Equity 037833100 12,523 49,245 SH   SOLE   0 0 49,245
First Horizon Natl Equity 320517105 12,197 1,496,313 SH   SOLE   0 0 1,496,313
Kansas City Southern Equity 485170302 11,780 92,400 SH   SOLE   0 0 92,400
Citizens Financial Group Equity 174610105 10,764 572,225 SH   SOLE   0 0 572,225
Schwab (Charles) Corp. Equity 808513105 10,310 306,650 SH   SOLE   0 0 306,650
Weyerhaeuser Co. Equity 962166104 8,655 510,600 SH   SOLE   0 0 510,600
Potlatch Corp. Equity 737630103 7,394 235,550 SH   SOLE   0 0 235,550
Schlumberger Ltd. Equity 806857108 7,307 534,100 SH   SOLE   0 0 534,100
F5 Networks Inc. Equity 315616102 6,802 63,790 SH   SOLE   0 0 63,790
Home Bancshares Equity 436893200 5,544 462,400 SH   SOLE   0 0 462,400
Plains Group Holdings Equity 72651a108 5,204 927,650 SH   SOLE   0 0 927,650
First Community Corp Equity 319835104 4,340 276,100 SH   SOLE   0 0 276,100
Americold Realty TRUST UserDef 03064D108 4,161 121,750 SH   SOLE   0 0 121,750
Pinnacle Finl Partners Inc Equity 72346Q104 3,386 90,203 SH   SOLE   0 0 90,203
Kroger Co. Equity 501044101 3,330 110,550 SH   SOLE   0 0 110,550
Check Point Software Technologies Equity m22465104 3,006 29,900 SH   SOLE   0 0 29,900
Cedar Fair -L.P. Equity 150185106 3,002 163,660 SH   SOLE   0 0 163,660
Rolls-Royce Hldgs Equity 775781206 2,736 639,700 SH   SOLE   0 0 639,700
1/100 Berkshire Htwy Cla Equity 084990175 2,720 2,720 PRN   SOLE   0 0 2,720
Ball Corp. Equity 058498106 2,586 40,000 SH   SOLE   0 0 40,000
Stryker Corp. Equity 863667101 2,546 15,293 SH   SOLE   0 0 15,293
CCB Financial Corp. Equity 124875105 2,503 238,150 SH   SOLE   0 0 238,150
KEMET Corp. Equity 488360108 2,424 100,350 SH   SOLE   0 0 100,350
Cohen & Steers Inc Equity 19247A100 2,093 46,050 SH   SOLE   0 0 46,050
Omnicell, Inc. Equity 68213n109 1,879 28,650 SH   SOLE   0 0 28,650
Synopsys, Inc. Equity 871607107 1,668 12,950 SH   SOLE   0 0 12,950
Henry Schein Inc. Equity 806407102 1,657 32,800 SH   SOLE   0 0 32,800
Thermo Fisher Scientific Inc Equity 883556102 1,418 5,000 SH   SOLE   0 0 5,000
Thermon Group Hldgs Equity 88362T103 1,191 79,000 SH   SOLE   0 0 79,000
Costco Wholesale Corporation Equity 22160k105 1,141 4,000 SH   SOLE   0 0 4,000
Kaisar Aluminum Corp Equity 483007704 1,039 15,000 SH   SOLE   0 0 15,000
ICON plc Equity G4705A100 816 6,000 SH   SOLE   0 0 6,000
CSX Corp. Equity 126408103 688 12,000 SH   SOLE   0 0 12,000
Google Inc. Equity 38259p508 581 500 SH   SOLE   0 0 500
Alphabet Inc Equity 02079K305 581 500 SH   SOLE   0 0 500
Walgreens Boots Allianc Equity 931427108 531 11,600 SH   SOLE   0 0 11,600
Occidental Petroleum Corp. Equity 674599105 518 36,650 SH   SOLE   0 0 36,650
Calavo Growers, Inc. Equity 128246105 500 8,669 SH   SOLE   0 0 8,669
Dentsply International Inc. Equity 249030107 485 12,500 SH   SOLE   0 0 12,500
Hormel Foods Corp. Equity 440452100 466 10,000 SH   SOLE   0 0 10,000
Irish Continental Group PLC Equity G49406179 463 129,550 SH   SOLE   0 0 129,550
Universal Health Realty Income Trust Equity 913903100 398 3,950 SH   SOLE   0 0 3,950
Evans Bancorp Inc Equity 29911Q208 373 15,000 SH   SOLE   0 0 15,000
Canadian Tire Ltd Equity 136681202 302 5,000 SH   SOLE   0 0 5,000
Fifth Third Bancorp. Equity 316773100 284 18,800 SH   SOLE   0 0 18,800
Holly Energy Partner Lp UserDef 435763107 281 20,000 SH   SOLE   0 0 20,000
Procter & Gamble Co. Equity 742718109 231 2,101 SH   SOLE   0 0 2,101
Landmark Infrastruct Lp UserDef 51508J108 216 20,409 SH   SOLE   0 0 20,409
Vertu Motors Plc Ord Equity G9337V109 204 785,000 SH   SOLE   0 0 785,000
Nanophase Technologies Corp Equity 630079101 82 389,838 SH   SOLE   0 0 389,838
RMR Real Estate Fd Fractional Shares Equity HGK70B105 0 174,077 SH   SOLE   0 0 174,077
UFood Restaurant Group Inc. Equity 903508109 0 11,000 SH   SOLE   0 0 11,000
Tradeshow Marketing Co. Equity 892652108 0 27,900 SH   SOLE   0 0 27,900