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
1-800-Flowers.com Inc. COM 68243Q106 8,637 807,160 SH   SOLE   807,160 0 0
3M Company COM 88579Y101 468 2,621 SH   SOLE   2,621 0 0
AZZ Incorporated COM 002474104 339 5,300 SH   SOLE   5,300 0 0
Berkshire Hathaway COM 084670108 5,615 23 SH   SOLE   23 0 0
Berkshire Hathaway Cl B COM 084670702 4,019 24,660 SH   SOLE   24,660 0 0
Cabela's COM 126804301 9,470 161,735 SH   SOLE   161,735 0 0
Caterpillar COM 149123101 2,293 24,725 SH   SOLE   24,725 0 0
Chevron Corp COM 166764100 3,173 26,960 SH   SOLE   26,960 0 0
Cimarex Energy Company COM 171798101 5,518 40,600 SH   SOLE   40,600 0 0
Columbia Sportswear COM 198516106 5,777 99,095 SH   SOLE   99,095 0 0
Continental Resources COM 212015101 2,118 41,100 SH   SOLE   41,100 0 0
Dawson Geophysical Company COM 239360100 15,981 1,987,704 SH   SOLE   1,987,704 0 0
Denny's COM 24869P104 5,523 430,480 SH   SOLE   430,480 0 0
Escalade Inc. COM 296056104 1,458 110,420 SH   SOLE   110,420 0 0
Helmerich & Payne Inc. COM 423452101 9,909 128,026 SH   SOLE   128,026 0 0
International Business Machine COM 459200101 12,974 78,161 SH   SOLE   78,161 0 0
Johnson & Johnson COM 478160104 9,454 82,055 SH   SOLE   82,055 0 0
Keweenaw Land Association COM 493026108 474 4,812 SH   SOLE   4,812 0 0
Manitex International COM 563420108 212 30,838 SH   SOLE   30,838 0 0
Merck & Co. COM 58933Y105 6,449 109,543 SH   SOLE   109,543 0 0
Mesabi Trust Ctfs COM 590672101 6,911 645,896 SH   SOLE   645,896 0 0
NOW, Inc. COM 67011P100 1,328 64,863 SH   SOLE   64,863 0 0
National Oilwell Varco COM 637071101 3,599 96,115 SH   SOLE   96,115 0 0
Natus Medical Inc COM 639050103 6,452 185,390 SH   SOLE   185,390 0 0
Pfizer, Inc COM 717081103 7,615 234,450 SH   SOLE   234,450 0 0
Powell Industries COM 739128106 10,731 275,145 SH   SOLE   275,145 0 0
Resolute Energy Corporation COM 76116A306 296 7,175 SH   SOLE   7,175 0 0
Sparton Corp COM 847235108 10,693 448,334 SH   SOLE   448,334 0 0
Tandy Leather Factory COM 87538X105 3,521 434,679 SH   SOLE   434,679 0 0
Texas Pacific Land Trust COM 882610108 3,376 11,375 SH   SOLE   11,375 0 0
Timken Company COM 887389104 5,420 136,525 SH   SOLE   136,525 0 0
Timken Steel Corp COM 887399103 11,301 730,057 SH   SOLE   730,057 0 0
Wynn Resorts, Limited COM 983134107 1,594 18,425 SH   SOLE   18,425 0 0
ABB Ltd ADR 000375204 5,758 273,275 SH   SOLE   273,275 0 0
Autoliv, Inc. ADR 052800109 10,387 91,801 SH   SOLE   91,801 0 0
Banco Latinoamericano de Expor ADR P16994132 7,690 261,224 SH   SOLE   261,224 0 0
Investor AB 'B' ORD W48102128 11,301 302,335 SH   SOLE   302,335 0 0
Koninklijke Philips Electronic ADR 500472303 9,706 317,489 SH   SOLE   317,489 0 0
Liberty Global A plc ADR 530555101 7,301 238,665 SH   SOLE   238,665 0 0
Nestle S.A. ADR 641069406 10,275 143,350 SH   SOLE   143,350 0 0
Siemens AG ADR 826197501 6,342 51,477 SH   SOLE   51,477 0 0