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
AMBASSADORS GROUP INC COM 023177108 14,068 3,051,697 SH   OTR 1, 2 0 3,051,697 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,637 30,000 SH Call OTR 1, 2 0 30,000 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 5,746 310,600 SH   OTR 1, 2 0 310,600 0
GENERAL MTRS CO COM 37045V100 9,039 249,000 SH   OTR 1, 2 0 249,000 0
GENERAL MTRS CO *W EXP 12/31/201 37045V134 1,130 450,000 SH   OTR 1, 2 0 450,000 0
GOOGLE INC CL A 38259P508 10,998 18,810 SH   OTR 1, 2 0 18,810 0
GOOGLE INC CL C 38259P706 10,821 18,810 SH   OTR 1, 2 0 18,810 0
HILLTOP HOLDINGS INC COM 432748101 12,543 590,000 SH   OTR 1, 2 0 590,000 0
IDT CORP CL B NEW 448947507 6,533 375,003 SH   OTR 1, 2 0 375,003 0
LUBYS INC COM 549282101 10,277 1,747,844 SH   OTR 1, 2 0 1,747,844 0
MRV COMMUNICATIONS INC COM NEW 553477407 41 2,984 SH   OTR 1, 2 0 2,984 0
NVE CORP COM NEW 629445206 3,536 63,606 SH   OTR 1, 2 0 63,606 0
PANERA BREAD CO CL A 69840W108 2,397 16,000 SH   OTR 1, 2 0 16,000 0
POPEYES LA KITCHEN INC COM 732872106 22,646 518,100 SH   OTR 1, 2 0 518,100 0
STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 30,750 4,959,721 SH   OTR 1, 2 0 4,959,721 0
TANDY LEATHER FACTORY INC COM 87538X105 26,007 2,857,936 SH   OTR 1, 2 0 2,857,936 0
THESTREET INC COM 88368Q103 2,617 1,086,092 SH   OTR 1, 2 0 1,086,092 0