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		<nameOfIssuer>AES Corporation</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00130H105</cusip>
		<value>3358</value>
		<shrsOrPrnAmt>
			<sshPrnamt>231741</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>231741</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>Alleghany Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>017175100</cusip>
		<value>2903</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5934</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5934</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>Allegheny Technologies Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>01741R102</cusip>
		<value>2167</value>
		<shrsOrPrnAmt>
			<sshPrnamt>212637</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>212637</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Barrick Gold Corporation</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>067901108</cusip>
		<value>3501</value>
		<shrsOrPrnAmt>
			<sshPrnamt>129953</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>129953</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>Beazer Homes USA Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>07556Q881</cusip>
		<value>153</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15220</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>15220</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>Brightcove Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>10921T101</cusip>
		<value>3118</value>
		<shrsOrPrnAmt>
			<sshPrnamt>395645</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>395645</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Bunge Limited</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G16962105</cusip>
		<value>3444</value>
		<shrsOrPrnAmt>
			<sshPrnamt>83746</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>83746</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>Donnelley Financial Solutions</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>25787g100</cusip>
		<value>3174</value>
		<shrsOrPrnAmt>
			<sshPrnamt>377882</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>377882</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>Entercom Communications</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>293639100</cusip>
		<value>1238</value>
		<shrsOrPrnAmt>
			<sshPrnamt>897062</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>897062</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>General Mills, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>370334104</cusip>
		<value>2988</value>
		<shrsOrPrnAmt>
			<sshPrnamt>48467</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>48467</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>ICF International Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44925C103</cusip>
		<value>1143</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17634</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>17634</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>Knowles Corporation</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>49926D109</cusip>
		<value>3471</value>
		<shrsOrPrnAmt>
			<sshPrnamt>227429</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>227429</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Occidental Petroleum Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>674599105</cusip>
		<value>1114</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60853</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60853</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Parsley Energy Inc CL A</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>701877102</cusip>
		<value>224</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20940</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>20940</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Patterson Companies, Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>703395103</cusip>
		<value>3213</value>
		<shrsOrPrnAmt>
			<sshPrnamt>146061</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>146061</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Perdoceo Education Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>71363P106</cusip>
		<value>3956</value>
		<shrsOrPrnAmt>
			<sshPrnamt>248312</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>248312</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Science Applications Intl Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>808625107</cusip>
		<value>4286</value>
		<shrsOrPrnAmt>
			<sshPrnamt>55176</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>55176</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>The New Home Company Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>645370107</cusip>
		<value>158</value>
		<shrsOrPrnAmt>
			<sshPrnamt>47000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>47000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Universal Technical Institute</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>913915104</cusip>
		<value>951</value>
		<shrsOrPrnAmt>
			<sshPrnamt>136791</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>136791</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Unum Group</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>91529Y106</cusip>
		<value>2616</value>
		<shrsOrPrnAmt>
			<sshPrnamt>157714</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>157714</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>Vistra Energy Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92840M102</cusip>
		<value>3755</value>
		<shrsOrPrnAmt>
			<sshPrnamt>201670</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>201670</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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