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 5,348 743,810 SH   SOLE   304,783 0 439,027
Alere Inc. COM 01449J105 33,065 852,640 SH   SOLE   717,801 0 134,839
Alleghany Corp COM 017175100 24,778 59,257 SH   SOLE   47,663 0 11,594
Allegheny Technologies Inc. COM 01741R102 25,056 675,362 SH   SOLE   561,420 0 113,942
Bankrate, Inc. COM 06647F102 1,221 107,450 SH   SOLE   107,450 0 0
Beazer Homes USA Inc. COM 07556Q881 15,099 899,835 SH   SOLE   722,487 0 177,348
Builders Firstsource Inc. COM 12008R107 1,575 288,969 SH   SOLE   288,969 0 0
CGI Group Inc. COM 39945C109 28,404 841,090 SH   SOLE   656,811 0 184,279
Corning Inc. COM 219350105 29,033 1,501,190 SH   SOLE   1,213,321 0 287,869
Culp, Inc. COM 230215105 800 44,090 SH   SOLE   44,090 0 0
Devon Energy Corp. COM 25179M103 1,901 27,884 SH   SOLE   377 0 27,507
Encana Corp. COM 292505104 7,349 346,501 SH   SOLE   207,967 0 138,534
Endeavour Intl Corp. COM 29259G200 978 3,272,289 SH   SOLE   2,850,031 0 422,258
Endo International PLC COM G30401106 27,561 403,293 SH   SOLE   328,416 0 74,877
Exelon Corp. COM 30161N101 28,037 822,442 SH   SOLE   677,469 0 144,973
FNF Group COM 31620R303 5,741 206,969 SH   SOLE   75,747 0 131,222
FNFV Group of Fidelity Nationa COM 31620R402 22,383 1,626,690 SH   SOLE   1,363,047 0 263,643
Howard Hughes Corp. COM 44267D107 26,201 174,673 SH   SOLE   136,644 0 38,029
Interpublic Group Cos. COM 460690100 3,807 207,779 SH   SOLE   19,948 0 187,831
Jason Industries, Inc. COM 471172106 1,844 178,179 SH   SOLE   178,179 0 0
Kinder Morgan Mgmt LLC COM 49455U100 8,998 95,572 SH   SOLE   66,556 0 29,016
Leapfrog Enterprises, Inc. COM 52186N106 19,637 3,278,368 SH   SOLE   2,732,380 0 545,988
Modine Manufacturing Company COM 607828100 1,871 157,637 SH   SOLE   157,637 0 0
On Assignment Inc. COM 682159108 1,292 48,113 SH   SOLE   48,113 0 0
Owens Illinois Inc. COM 690768403 4,069 156,192 SH   SOLE   16,227 0 139,965
Pacific Sunwear of California COM 694873100 1,674 929,803 SH   SOLE   929,803 0 0
Peabody Energy Corp. COM 704549104 18,696 1,510,152 SH   SOLE   1,255,615 0 254,537
Pfizer Inc. COM 717081103 22,882 773,834 SH   SOLE   629,009 0 144,825
Science Applications Intl Corp COM 808625107 27,748 627,354 SH   SOLE   502,660 0 124,694
Stanley Black & Decker COM 854502101 1,015 11,433 SH   SOLE   4,381 0 7,052
SunCoke Energy Inc COM 86722A103 34,968 1,557,614 SH   SOLE   1,297,152 0 260,462
TRI Pointe Homes, Inc COM 87265h109 22,532 1,741,269 SH   SOLE   1,428,112 0 313,157
Time Inc COM 887228104 21,141 902,299 SH   SOLE   731,450 0 170,849
Weyerhaeuser Co COM 962166104 18,876 592,467 SH   SOLE   436,239 0 156,228
Zoetis Inc COM 98978v103 953 25,795 SH   SOLE   13,174 0 12,621
iStar Financial Inc COM 45031U101 28,268 2,093,952 SH   SOLE   1,716,457 0 377,495