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 CL A 68243Q106 4,803 853,177 SH   SOLE   453,832 0 399,345
ALERE INC COM 01449J105 28,162 819,845 SH   SOLE   697,001 0 122,844
ALLEGHANY CORP DEL COM 017175100 23,151 56,830 SH   SOLE   46,280 0 10,550
ALLEGHENY TECHNOLOGIES INC COM 01741R102 27,537 730,803 SH   SOLE   614,425 0 116,378
BEAZER HOMES USA INC COM NEW 07556Q881 11,473 571,342 SH   SOLE   463,598 0 107,744
BRIGHTCOVE INC COM 10921T101 2,205 224,288 SH   SOLE   224,288 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,860 204,343 SH   SOLE   204,343 0 0
CIBER INC COM 17163B102 5,600 1,222,649 SH   SOLE   610,248 0 612,401
CORNING INC COM 219350105 30,006 1,441,209 SH   SOLE   1,179,135 0 262,074
DEVON ENERGY CORP NEW COM 25179M103 18,875 282,012 SH   SOLE   232,221 0 49,791
ENCANA CORP COM 292505104 21,776 1,018,537 SH   SOLE   846,235 0 172,302
ENDEAVOUR INTL CORP COM NEW 29259G200 13,252 4,077,595 SH   SOLE   3,586,387 0 491,208
ENDO INTL PLC SHS G30401106 17,355 252,810 SH   SOLE   209,043 0 43,767
EXELON CORP COM 30161N101 26,375 785,891 SH   SOLE   653,982 0 131,909
FIDELITY NATIONAL FINANCIAL CL A 31620R105 6,219 197,803 SH   SOLE   78,621 0 119,182
FIRST MARBLEHEAD CORP COM NEW 320771207 1,412 233,855 SH   SOLE   233,655 0 200
GROUPE CGI INC CL A SUB VTG 39945C109 20,047 648,343 SH   SOLE   521,313 0 127,030
HILLSHIRE BRANDS CO COM 432589109 2,775 74,484 SH   SOLE   13,381 0 61,103
HOWARD HUGHES CORP COM 44267D107 37,054 259,646 SH   SOLE   213,509 0 46,137
INTERPUBLIC GROUP COS INC COM 460690100 3,345 195,162 SH   SOLE   24,273 0 170,889
INTREPID POTASH INC COM 46121Y102 21,659 1,400,938 SH   SOLE   1,160,355 0 240,583
ISTAR FINL INC COM 45031U101 29,506 1,999,021 SH   SOLE   1,655,532 0 343,489
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 2,310 32,229 SH   SOLE   6,973 0 25,256
LEAPFROG ENTERPRISES INC CL A 52186N106 21,287 2,838,213 SH   SOLE   2,426,470 0 411,743
MCDERMOTT INTL INC COM 580037109 13,211 1,689,346 SH   SOLE   1,412,348 0 276,998
OWENS ILL INC COM NEW 690768403 7,137 210,980 SH   SOLE   83,644 0 127,336
PACIFIC SUNWEAR CALIF INC COM 694873100 1,865 628,059 SH   SOLE   628,059 0 0
PFIZER INC COM 717081103 23,864 742,952 SH   SOLE   611,407 0 131,545
SCIENCE APPLICATNS INTL CP N COM 808625107 17,136 458,317 SH   SOLE   374,666 0 83,651
STANLEY BLACK & DECKER INC COM 854502101 249 3,067 SH   SOLE   3,067 0 0
SUNCOKE ENERGY INC COM 86722A103 30,742 1,345,979 SH   SOLE   1,140,764 0 205,215
TRI POINTE HOMES INC COM 87265H109 7,256 447,044 SH   SOLE   352,768 0 94,276
UNITEDHEALTH GROUP INC COM 91324P102 2,744 33,464 SH   SOLE   1,359 0 32,105
VERIFONE SYS INC COM 92342Y109 27,929 825,821 SH   SOLE   701,524 0 124,297
WEYERHAEUSER CO COM 962166104 17,918 610,488 SH   SOLE   489,627 0 120,861