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
3-D SYS CORP DEL COM NEW COM 88554d205 211 2,275 SH   SOLE   0 0 2,275
A H BELO CORP COM CL A COM 001282102 12,024 1,609,700 SH   SOLE   1,331,500 0 278,200
ABBOTT LABS COM COM 002824100 233 6,090 SH   SOLE   1,600 0 4,490
ABBVIE INC COM COM 00287y109 691 13,087 SH   SOLE   8,000 0 5,087
ABRAXAS PETE CORP COM COM 003830106 65 20,000 SH   SOLE   0 0 20,000
ACURA PHARMACEUTICALS INC COM COM 00509l703 48 28,950 SH   SOLE   0 0 28,950
AEGEAN MARINE PETROLEUM NETWRK COM y0017s102 12,004 1,069,897 SH   SOLE   1,000,000 0 69,897
AFC ENTERPRISES INC COM COM 00104q107 10,846 281,710 SH   SOLE   275,000 0 6,710
AGRIUM INC COM COM 008916108 208 2,275 SH   SOLE   0 0 2,275
ALAMO GROUP INC COM COM 011311107 6,631 109,260 SH   SOLE   106,500 0 2,760
ALTRIA GROUP INC COM COM 02209s103 344 8,972 SH   SOLE   0 0 8,972
AMERICAN AIRLS GRP INC COM COM 02376r102 19,686 779,660 SH   SOLE   650,000 0 129,660
AMERICAN CAP LTD COM COM 02503y103 235 15,000 SH   SOLE   0 0 15,000
AMERICAN EXPRESS CO COM COM 025816109 318 3,509 SH   SOLE   0 0 3,509
AMERICAN INTL GROUP INC COM NE COM 026874784 255 5,000 SH   SOLE   0 0 5,000
AMERICAN PETRO HUNTER INC COM COM 028857100 1 50,000 SH   SOLE   0 0 50,000
APPLE INC COM COM 037833100 2,839 5,060 SH   SOLE   80 0 4,980
AT&T INC COM COM 00206r102 2,977 84,672 SH   SOLE   17,500 0 67,172
ATHLON ENERGY INC COM COM 047477104 8,989 297,160 SH   SOLE   289,000 0 8,160
ATMOS ENERGY CORP COM COM 049560105 1,448 31,886 SH   SOLE   0 0 31,886
ATP OIL & GAS CORP COM COM 00208j108 0 10,000 SH   SOLE   0 0 10,000
ATWOOD OCEANICS INC COM COM 050095108 8,927 167,200 SH   SOLE   160,000 0 7,200
BALTIC TRADING LIMITED COM COM y0553w103 8,749 1,358,508 SH   SOLE   1,200,000 0 158,508
BANK OF AMERICA CORPORATION CO COM 060505104 820 52,638 SH   SOLE   0 0 52,638
BAXTER INTL INC COM COM 071813109 1,582 22,745 SH   SOLE   10,200 0 12,545
BB LIQUIDATING INC CL A COM 05532d107 0 17,000 SH   SOLE   0 0 17,000
BERKSHIRE HATHAWAY INC DEL CL COM 084670702 216 1,819 SH   SOLE   250 0 1,569
BOEING CO COM COM 097023105 20,363 149,189 SH   SOLE   78,300 0 70,889
BONANZA CREEK ENERGY INC COM COM 097793103 12,873 296,145 SH   SOLE   290,000 0 6,145
BOULDER BRANDS INC COM COM 101405108 12,220 770,515 SH   SOLE   750,000 0 20,515
BRINKER INTL INC COM COM 109641100 12,591 271,701 SH   SOLE   260,000 0 11,701
BRISTOW GROUP INC COM COM 110394103 11,828 157,586 SH   SOLE   150,600 0 6,986
BUILDERS FIRSTSOURCE INC COM COM 12008r107 595 83,500 SH   SOLE   79,000 0 4,500
CAMPBELL SOUP CO COM COM 134429109 216 5,000 SH   SOLE   0 0 5,000
CARRIAGE SVCS INC COM COM 143905107 316 16,200 SH   SOLE   5,000 0 11,200
CENTERPOINT ENERGY INC COM COM 15189t107 294 12,700 SH   SOLE   12,000 0 700
CHESAPEAKE ENERGY CORP COM COM 165167107 8,579 316,100 SH   SOLE   305,000 0 11,100
CHEVRON CORP NEW COM COM 166764100 874 6,993 SH   SOLE   500 0 6,493
CINEMARK HOLDINGS INC COM COM 17243v102 343 10,300 SH   SOLE   10,000 0 300
CLIFFS NAT RES INC COM COM 18683k101 14,590 556,671 SH   SOLE   490,000 0 66,671
CLUBCORP HLDGS INC COM COM 18948m108 5,393 304,000 SH   SOLE   300,000 0 4,000
COCA COLA CO COM COM 191216100 2,137 51,724 SH   SOLE   10,000 0 41,724
COMMERCIAL METALS CO COM COM 201723103 12,788 629,022 SH   SOLE   600,000 0 29,022
COMSTOCK RES INC COM NEW COM 205768203 9,484 518,515 SH   SOLE   463,600 0 54,915
CONOCOPHILLIPS COM COM 20825c104 1,693 23,970 SH   SOLE   6,200 0 17,770
COOPER TIRE & RUBR CO COM COM 216831107 2,483 103,300 SH   SOLE   100,000 0 3,300
CORNING INC COM COM 219350105 299 16,795 SH   SOLE   4,700 0 12,095
COSTA INC CL A COM 22149t102 7,306 336,228 SH   SOLE   324,813 0 11,415
COSTCO WHSL CORP NEW COM COM 22160k105 917 7,704 SH   SOLE   0 0 7,704
CRACKER BARREL OLD CTRY STORE COM 22410j106 16,917 153,697 SH   SOLE   150,000 0 3,697
CROWN MEDIA HLDGS INC CL A COM 228411104 448 127,000 SH   SOLE   125,000 0 2,000
CST BRANDS INC COM COM 12646r105 11,470 312,350 SH   SOLE   305,000 0 7,350
CUBIC ENERGY INC COM COM 229675103 17 60,000 SH   SOLE   0 0 60,000
CUMMINS INC COM COM 231021106 2,160 15,325 SH   SOLE   900 0 14,425
CUMULUS MEDIA INC CL A COM 231082108 4,688 606,500 SH   SOLE   600,000 0 6,500
CURTISS WRIGHT CORP COM COM 231561101 11,255 180,861 SH   SOLE   175,000 0 5,861
CVS CAREMARK CORPORATION COM COM 126650100 261 3,650 SH   SOLE   0 0 3,650
D R HORTON INC COM COM 23331a109 239 10,700 SH   SOLE   3,000 0 7,700
DEERE & CO COM COM 244199105 212 2,325 SH   SOLE   0 0 2,325
DEL FRISCOS RESTAURANT GROUP I COM 245077102 12,157 515,790 SH   SOLE   500,000 0 15,790
DELTA AIR LINES INC DEL COM NE COM 247361702 12,640 460,127 SH   SOLE   274,700 0 185,427
DEVON ENERGY CORP NEW COM COM 25179m103 1,198 19,356 SH   SOLE   1,400 0 17,956
DIANA SHIPPING INC COM COM y2066g104 13,963 1,050,660 SH   SOLE   1,006,000 0 44,660
DIODES INC COM COM 254543101 8,446 358,470 SH   SOLE   350,000 0 8,470
DIRECTV COM COM 25490a309 984 14,250 SH   SOLE   2,000 0 12,250
DISNEY WALT CO COM DISNEY COM 254687106 1,454 19,025 SH   SOLE   0 0 19,025
DRYSHIPS INC SHS COM y2109q101 6,735 1,433,000 SH   SOLE   1,425,000 0 8,000
DU PONT E I DE NEMOURS & CO CO COM 263534109 299 4,600 SH   SOLE   700 0 3,900
DUKE ENERGY CORP NEW COM NEW COM 26441c204 1,789 25,925 SH   SOLE   6,399 0 19,526
EAGLE MATERIALS INC COM COM 26969p108 21,111 272,646 SH   SOLE   251,300 0 21,346
ENCANA CORP COM COM 292505104 271 15,000 SH   SOLE   15,000 0 0
ENCORE WIRE CORP COM COM 292562105 27,182 501,510 SH   SOLE   474,200 0 27,310
ENNIS INC COM COM 293389102 354 20,000 SH   SOLE   5,500 0 14,500
ENSCO PLC SHS CLASS A COM g3157s106 1,480 25,878 SH   SOLE   0 0 25,878
EPL OIL & GAS INC COM COM 26883d108 6,441 226,010 SH   SOLE   220,000 0 6,010
EXXON MOBIL CORP COM COM 30231g102 6,218 61,440 SH   SOLE   8,601 0 52,840
FACEBOOK INC CL A COM 30303m102 320 5,855 SH   SOLE   0 0 5,855
FARO TECHNOLOGIES INC COM COM 311642102 9,573 164,195 SH   SOLE   160,000 0 4,195
FEDEX CORP COM COM 31428x106 334 2,325 SH   SOLE   1,000 0 1,325
FLUOR CORP NEW COM COM 343412102 257 3,200 SH   SOLE   0 0 3,200
FORD MTR CO DEL COM PAR $0.01 COM 345370860 498 32,293 SH   SOLE   7,000 0 25,293
FORESTAR GROUP INC COM COM 346233109 9,003 423,255 SH   SOLE   402,000 0 21,255
FREEPORT-MCMORAN COPPER & GOLD COM 35671d857 13,765 364,724 SH   SOLE   257,000 0 107,724
G-III APPAREL GROUP LTD COM COM 36237h101 15,333 207,330 SH   SOLE   200,000 0 7,330
GABRIEL TECHNOLOGIES CORP COM COM 362447104 0 15,000 SH   SOLE   0 0 15,000
GARMIN LTD SHS COM h2906t109 398 8,613 SH   SOLE   2,000 0 6,613
GENERAL ELECTRIC CO COM COM 369604103 16,417 585,704 SH   SOLE   333,001 0 252,703
GENERAL MLS INC COM COM 370334104 314 6,281 SH   SOLE   0 0 6,281
GEO GROUP INC COM COM 36159r103 12,693 393,961 SH   SOLE   319,805 0 74,156
GOGO INC COM COM 38046c109 13,934 561,305 SH   SOLE   500,000 0 61,305
GRAPHIC PACKAGING HLDG CO COM COM 388689101 8,852 922,100 SH   SOLE   900,000 0 22,100
GREATBATCH INC COM COM 39153l106 12,095 273,405 SH   SOLE   261,500 0 11,905
GROUPON INC COM 399473107 471 40,000 SH   SOLE   40,000 0 0
HALLIBURTON CO COM COM 406216101 13,251 261,105 SH   SOLE   130,000 0 131,105
HALLMARK FINL SVCS INC EC COM COM 40624q203 174 19,600 SH   SOLE   7,500 0 12,100
HELEN OF TROY CORP LTD COM COM g4388n106 8,692 176,025 SH   SOLE   170,000 0 6,025
HERCULES OFFSHORE INC COM COM 427093109 14,835 2,275,010 SH   SOLE   2,000,000 0 275,010
HERSHEY CO COM COM 427866108 2,104 21,637 SH   SOLE   0 0 21,637
HEWLETT PACKARD CO COM COM 428236103 287 10,250 SH   SOLE   3,500 0 6,750
HILLTOP HOLDINGS INC COM COM 432748101 11,982 518,010 SH   SOLE   500,000 0 18,010
HOLLYFRONTIER CORP COM COM 436106108 703 14,152 SH   SOLE   10,000 0 4,152
HOME DEPOT INC COM COM 437076102 1,609 19,546 SH   SOLE   7,000 0 12,546
HORNBECK OFFSHORE SVCS INC NEW COM 440543106 214 4,350 SH   SOLE   1,300 0 3,050
HYPERDYNAMICS CORP COM NEW COM 448954206 1,842 452,624 SH   SOLE   385,500 0 67,124
ICONIX BRAND GROUP INC COM COM 451055107 397 10,000 SH   SOLE   10,000 0 0
INDEPENDENT BK GRP INC COM COM 45384b106 1,357 27,321 SH   SOLE   25,571 0 1,750
INTEL CORP COM COM 458140100 217 8,341 SH   SOLE   0 0 8,341
INTERNATIONAL BUSINESS MACHS C COM 459200101 875 4,665 SH   SOLE   400 0 4,265
INTRUSION INC COM NEW COM 46121e205 447 338,854 SH   SOLE   272,379 0 66,475
JAZZ PHARMACEUTICALS PLC COM g50871105 8,859 70,000 SH   SOLE   70,000 0 0
JOHN BEAN TECHNOLOGIES CORP CO COM 477839104 9,338 318,366 SH   SOLE   310,000 0 8,366
JOHNSON & JOHNSON COM COM 478160104 7,190 78,503 SH   SOLE   10,000 0 68,503
JONES ENERGY INC COM CL A COM 48019r108 2,896 200,000 SH   SOLE   200,000 0 0
JOS A BANK CLOTHIERS INC COM COM 480838101 5,958 108,780 SH   SOLE   101,200 0 7,580
JPMORGAN CHASE & CO COM COM 46625h100 301 5,153 SH   SOLE   0 0 5,153
KAPSTONE PAPER & PACKAGING CRP COM 48562p103 15,489 277,290 SH   SOLE   270,000 0 7,290
KELLOGG CO COM COM 487836108 243 3,979 SH   SOLE   0 0 3,979
KIMBERLY CLARK CORP COM COM 494368103 276 2,643 SH   SOLE   900 0 1,743
KIRBY CORP COM COM 497266106 8,630 86,955 SH   SOLE   80,000 0 6,955
KODIAK OIL & GAS CORP COM COM 50015q100 160 14,300 SH   SOLE   0 0 14,300
KRAFT FOODS GROUP INC COM COM 50076q106 749 13,896 SH   SOLE   6,700 0 7,196
KULICKE & SOFFA INDS INC COM COM 501242101 8,236 619,275 SH   SOLE   600,000 0 19,275
LAS VEGAS SANDS CORP COM COM 517834107 943 11,955 SH   SOLE   8,000 0 3,955
LAUDER ESTEE COS INC CL A COM 518439104 414 5,500 SH   SOLE   0 0 5,500
LEGG MASON INC COM COM 524901105 618 14,212 SH   SOLE   0 0 14,212
LINN ENERGY LLC UNIT LTD LIAB COM 536020100 2,217 71,996 SH   SOLE   0 0 71,996
LINNCO LLC COMSHS LTD INT COM 535782106 1,780 57,783 SH   SOLE   15,000 0 42,783
LITHIA MTRS INC CL A COM 536797103 12,198 175,711 SH   SOLE   170,000 0 5,711
LITTELFUSE INC COM COM 537008104 8,598 92,520 SH   SOLE   90,000 0 2,520
LOCKHEED MARTIN CORP COM COM 539830109 2,869 19,301 SH   SOLE   6,900 0 12,401
LUBYS INC COM COM 549282101 18,936 2,452,900 SH   SOLE   2,205,000 0 247,900
MANITOWOC INC COM COM 563571108 9,605 411,897 SH   SOLE   400,000 0 11,897
MATADOR RES CO COM COM 576485205 21,391 1,147,580 SH   SOLE   1,125,700 0 21,880
MATTEL INC COM COM 577081102 207 4,350 SH   SOLE   2,400 0 1,950
MCDONALDS CORP COM COM 580135101 659 6,792 SH   SOLE   1,200 0 5,592
MERCK & CO INC NEW COM COM 58933y105 1,137 22,714 SH   SOLE   2,600 0 20,114
MESABI TR CTF BEN INT COM 590672101 2,395 107,583 SH   SOLE   41,100 0 66,483
MICRON TECHNOLOGY INC COM COM 595112103 13,469 619,250 SH   SOLE   507,000 0 112,250
MICROSOFT CORP COM COM 594918104 1,895 50,661 SH   SOLE   18,700 0 31,961
MORGAN STANLEY COM NEW COM 617446448 320 10,200 SH   SOLE   0 0 10,200
MYLAN INC COM COM 628530107 5,022 115,712 SH   SOLE   100,000 0 15,712
NATIONAL CINEMEDIA INC COM COM 635309107 10,152 508,632 SH   SOLE   485,000 0 23,632
NATIONAL OILWELL VARCO INC COM COM 637071101 8,880 111,653 SH   SOLE   95,000 0 16,653
NATIONSTAR MTG HLDGS INC COM COM 63861c109 13,137 355,445 SH   SOLE   302,200 0 53,245
NEXSTAR BROADCASTING GROUP INC COM 65336k103 9,794 175,744 SH   SOLE   170,000 0 5,744
NORFOLK SOUTHERN CORP COM COM 655844108 341 3,677 SH   SOLE   0 0 3,677
OASIS PETE INC NEW COM COM 674215108 12,195 259,625 SH   SOLE   250,000 0 9,625
OGE ENERGY CORP COM COM 670837103 258 7,600 SH   SOLE   0 0 7,600
OLIN CORP COM PAR $1 COM 680665205 288 10,000 SH   SOLE   10,000 0 0
ONCOMED PHARMACEUTICALS INC CO COM 68234x102 443 15,000 SH   SOLE   0 0 15,000
OSHKOSH CORP COM COM 688239201 230 4,575 SH   SOLE   1,700 0 2,875
OVERSTOCK COM INC DEL COM COM 690370101 308 10,000 SH   SOLE   10,000 0 0
PACIRA PHARMACEUTICALS INC COM COM 695127100 13,523 235,225 SH   SOLE   225,000 0 10,225
PARAMETRIC SOUND CORP COM NEW COM 699172201 5,171 373,336 SH   SOLE   364,286 0 9,050
PEPSICO INC COM COM 713448108 1,751 21,112 SH   SOLE   5,500 0 15,612
PFSWEB INC COM NEW COM 717098206 272 30,000 SH   SOLE   30,000 0 0
PHILIP MORRIS INTL INC COM COM 718172109 591 6,787 SH   SOLE   0 0 6,787
PHILLIPS 66 COM COM 718546104 238 3,084 SH   SOLE   0 0 3,084
PILGRIMS PRIDE CORP NEW COM COM 72147k108 13,679 841,810 SH   SOLE   800,000 0 41,810
PIZZA INN HOLDINGS INC COM COM 725846109 554 68,700 SH   SOLE   35,000 0 33,700
POINTS INTL LTD COM NEW COM 730843208 12,070 475,000 SH   SOLE   448,000 0 27,000
POLARIS INDS INC COM COM 731068102 9,434 64,777 SH   SOLE   45,000 0 19,777
PRICESMART INC COM COM 741511109 4,749 41,100 SH   SOLE   40,000 0 1,100
PRIMORIS SVCS CORP COM COM 74164f103 11,245 361,230 SH   SOLE   351,000 0 10,230
PROCTER & GAMBLE CO COM COM 742718109 4,035 49,559 SH   SOLE   11,702 0 37,857
QUALCOMM INC COM COM 747525103 1,115 15,016 SH   SOLE   0 0 15,016
ROCKY MTN CHOCOLATE FACTORY CO COM 774678403 2,410 207,582 SH   SOLE   160,000 0 47,582
RYLAND GROUP INC COM COM 783764103 9,798 225,710 SH   SOLE   220,000 0 5,710
SAIA INC COM COM 78709y105 13,519 421,815 SH   SOLE   410,000 0 11,815
SANCHEZ ENERGY CORP COM COM 79970y105 10,187 415,640 SH   SOLE   400,000 0 15,640
SAREPTA THERAPEUTICS INC COM COM 803607100 204 10,000 SH   SOLE   0 0 10,000
SHOE CARNIVAL INC COM COM 824889109 17,919 617,673 SH   SOLE   553,700 0 63,973
SINCLAIR BROADCAST GROUP INC C COM 829226109 8,594 240,521 SH   SOLE   235,000 0 5,521
SIRIUS XM RADIO INC COM COM 82968b103 7,722 2,212,500 SH   SOLE   2,030,000 0 182,500
SKECHERS U S A INC CL A COM 830566105 5,806 175,250 SH   SOLE   175,000 0 250
SOUTHERN CO COM COM 842587107 391 9,519 SH   SOLE   900 0 8,619
SOUTHWEST AIRLS CO COM COM 844741108 1,284 68,178 SH   SOLE   0 0 68,178
SPECTRUM BRANDS HLDGS INC COM COM 84763r101 11,698 165,811 SH   SOLE   160,000 0 5,811
SPIRIT AIRLS INC COM COM 848577102 10,510 231,440 SH   SOLE   225,000 0 6,440
STARBUCKS CORP COM COM 855244109 4,992 63,688 SH   SOLE   59,000 0 4,688
STEELCASE INC CL A COM 858155203 10,036 632,769 SH   SOLE   607,000 0 25,769
SUSSER HLDGS CORP COM COM 869233106 10,078 153,880 SH   SOLE   150,000 0 3,880
TARGA RES CORP COM COM 87612g101 639 7,250 SH   SOLE   7,000 0 250
TARGET CORP COM COM 87612e106 332 5,255 SH   SOLE   0 0 5,255
TEAM HEALTH HOLDINGS INC COM COM 87817a107 12,186 267,520 SH   SOLE   260,000 0 7,520
TEJON RANCH CO COM COM 879080109 6,152 167,350 SH   SOLE   150,000 0 17,350
TEXAS CAPITAL BANCSHARES INC C COM 88224q107 22,097 355,265 SH   SOLE   310,000 0 45,265
TEXAS INDS INC COM COM 882491103 7,422 107,910 SH   SOLE   100,000 0 7,910
TEXAS INSTRS INC COM COM 882508104 573 13,049 SH   SOLE   3,200 0 9,848
TEXAS PAC LD TR SUB CTF PROP I COM 882610108 50,842 508,470 SH   SOLE   410,959 0 97,511
TORCHLIGHT ENERGY RESOURCES IN COM 89102u103 2,622 600,000 SH   SOLE   600,000 0 0
TRANSOCEAN LTD REG SHS COM H8817H100 5,125 103,712 SH   SOLE   60,000 0 43,712
TREMOR VIDEO INC COM COM 89484q100 6,284 1,083,420 SH   SOLE   1,000,000 0 83,420
TRINITY INDS INC COM COM 896522109 32,245 591,430 SH   SOLE   501,832 0 89,598
TUMI HLDGS INC COM COM 89969q104 6,682 296,318 SH   SOLE   289,178 0 7,140
TYSON FOODS INC CL A COM 902494103 5,287 158,016 SH   SOLE   157,000 0 1,016
U S CONCRETE INC COM NEW COM 90333l201 341 15,082 SH   SOLE   2,000 0 13,082
U S SILICA HLDGS INC COM COM 90346E103 5,855 171,636 SH   SOLE   167,400 0 4,236
U-SWIRL INC COM 90349p105 126 170,320 SH   SOLE   170,320 0 0
UNION PAC CORP COM COM 907818108 523 3,116 SH   SOLE   800 0 2,316
UNITED CONTL HLDGS INC COM COM 910047109 11,707 309,460 SH   SOLE   201,200 0 108,260
UNITED STATES STL CORP NEW COM COM 912909108 31,273 1,060,093 SH   SOLE   980,000 0 80,093
VAIL RESORTS INC COM COM 91879q109 13,113 174,305 SH   SOLE   170,000 0 4,305
VERIZON COMMUNICATIONS INC COM COM 92343v104 1,802 36,673 SH   SOLE   17,000 0 19,673
VIEWPOINT FINL GROUP INC MD CO COM 92672a101 13,343 486,074 SH   SOLE   455,200 0 30,874
VISA INC COM CL A COM 92826c839 443 1,990 SH   SOLE   0 0 1,990
WAL-MART STORES INC COM COM 931142103 6,384 81,134 SH   SOLE   9,100 0 72,034
WALTER ENERGY INC COM COM 93317q105 291 17,500 SH   SOLE   17,500 0 0
WELLS FARGO & CO NEW COM COM 949746101 422 9,290 SH   SOLE   0 0 9,290
WESTPORT INNOVATIONS INC COM N COM 960908309 226 11,500 SH   SOLE   0 0 11,500
WISDOMTREE INVTS INC COM COM 97717p104 15,724 887,850 SH   SOLE   800,000 0 87,850
XCEL ENERGY INC COM COM 98389b100 1,264 45,227 SH   SOLE   3,500 0 41,727
YAHOO INC COM COM 984332106 1,290 31,900 SH   SOLE   25,000 0 6,900
ZALE CORP NEW COM COM 988858106 21,366 1,354,870 SH   SOLE   1,237,500 0 117,370
ZEP INC COM COM 98944b108 4,316 237,686 SH   SOLE   230,000 0 7,686
BP PLC SPONSORED ADR ADR 055622104 11,112 228,587 SH   SOLE   213,099 0 15,488
CONTROLADORA VUELA CIA SPON AD ADR 21240e105 14,436 1,065,395 SH   SOLE   1,000,000 0 65,395
TAIWAN SEMICONDUCTOR MFG LTD S ADR 874039100 6,578 377,200 SH   SOLE   370,000 0 7,200
TOYOTA MOTOR CORP SP ADR REP2C ADR 892331307 7,491 61,441 SH   SOLE   50,000 0 11,441
CAPSTEAD MTG CORP COM NO PAR RET 14067e506 145 11,995 SH   SOLE   5,744 0 6,251
CORRECTIONS CORP AMER NEW COM RET 22025y407 536 16,707 SH   SOLE   10,000 0 6,707
FELCOR LODGING TR INC COM RET 31430f101 17,330 2,123,725 SH   SOLE   2,053,500 0 70,225
HCP INC COM RET 40414l109 297 8,167 SH   SOLE   2,000 0 6,167
MEDICAL PPTYS TRUST INC COM RET 58463j304 6,796 556,173 SH   SOLE   524,000 0 32,173
RYMAN HOSPITALITY PPTYS INC CO RET 78377t107 4,972 119,011 SH   SOLE   13,700 0 105,311
ISHARES MSCI MEX CAP ETF UIU 464286822 268 3,935 SH   SOLE   1,800 0 2,135
ISHARES RUSSELL 2000 ETF UIU 464287655 330 2,862 SH   SOLE   0 0 2,862
ISHARES TR INDEX S&P SMLCAP 60 UIU 464287804 737 6,750 SH   SOLE   0 0 6,750
FELCOR LODGING TR INC PFD CV A PFD 31430f200 450 18,551 SH   SOLE   5,300 0 13,251
GROWTH FD AMER INC CL A MTF 399874106 276 6,414 SH   SOLE   0 0 6,414
PROFESSIONALLY MANAGED HDGS SI MTF 74316j318 120 12,001 SH   SOLE   0 0 12,001
PROFESSIONALLY MANAGED HDGS SM MTF 74316j326 1,531 152,690 SH   SOLE   0 0 152,690
PROFESSIONALLY MANAGED PTFL HD MTF 742935174 1,149 77,639 SH   SOLE   0 0 77,639
PROFESSIONALLY MANAGED PTFL HD MTF 742935166 1,133 77,814 SH   SOLE   0 0 77,814
PROFESSIONALLY MANAGED PTFL HD MTF 742935158 3,439 217,393 SH   SOLE   0 0 217,393
PROFESSIONALLY MANAGED PTFL HO MTF 742935109 4,720 132,486 SH   SOLE   0 0 132,486
PROFESSIONALLY MANAGED PTFL HO MTF 742935299 751 40,204 SH   SOLE   0 0 40,204
TOUCHSTONE FDS GROUP TR SAND C MTF 89155h819 354 20,240 SH   SOLE   0 0 20,240
DECKERS OUTDOOR CO CLL OPT 2/1 CAL 243537907 945 900 SH   SOLE   900 0 0
UNION PACIFIC CLL OPT 5/14 $1 CAL 907818908 945 500 SH   SOLE   500 0 0