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
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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
ARCC Ares Capl Corp COM 04010L103 193 11,700 SH   SOLE   11,700 0 0
AT&T Inc. COM 00206R102 9,443 265,842 SH   SOLE   265,842 0 0
Allstate Corp. COM 020002101 4,712 72,635 SH   SOLE   72,635 0 0
AnnalyCapMgmtIncREIT COM 035710409 3,383 368,115 SH   SOLE   368,115 0 0
Applied Materials COM 038222105 3,745 194,840 SH   SOLE   194,840 0 0
ArcherDanielsMidland COM 039483102 2,064 42,805 SH   SOLE   42,805 0 0
BB&T Corporation COM 054937107 1,608 39,890 SH   SOLE   39,890 0 0
Bank of America Corp. COM 060505104 5,727 336,462 SH   SOLE   336,462 0 0
Black Box Corporation COM 091826107 3,746 187,316 SH   SOLE   187,316 0 0
Boeing Company COM 097023105 6,317 45,540 SH   SOLE   45,540 0 0
California Resources Crp COM 13057Q107 137 22,668 SH   SOLE   22,668 0 0
Citigroup Inc COM 172967424 3,719 67,320 SH   SOLE   67,320 0 0
Coach Inc. COM 189754104 4,156 120,070 SH   SOLE   120,070 0 0
Cullen Frost Bankers COM 229899109 6,041 76,876 SH   SOLE   76,876 0 0
Dover Corporation COM 260003108 2,236 31,865 SH   SOLE   31,865 0 0
Dow Chemical Co COM 260543103 6,980 136,404 SH   SOLE   136,404 0 0
EMC Corporation COM 268648102 3,476 131,725 SH   SOLE   131,725 0 0
EXL Excel Trust Inc COM 30068C109 180 11,400 SH   SOLE   11,400 0 0
Emcore Corporation COM 290846203 75 12,500 SH   SOLE   12,500 0 0
Enzo Biochem Inc. COM 294100102 212 70,001 SH   SOLE   70,001 0 0
FSP Franklin Str PrpCrp COM 35471R106 158 14,000 SH   SOLE   14,000 0 0
GBDC Golub Cap BDC COM 38173M102 167 10,100 SH   SOLE   10,100 0 0
General Motors Co COM 37045V100 7,270 218,130 SH   SOLE   218,130 0 0
HTGC HerculesTchGr COM 427096508 164 14,200 SH   SOLE   14,200 0 0
Hospitality Prp Tr REIT COM 44106M102 233 8,100 SH   SOLE   8,100 0 0
IBM Corporation COM 459200101 7,023 43,175 SH   SOLE   43,175 0 0
IRC Inland RE Corp COM 457461200 159 16,900 SH   SOLE   16,900 0 0
Johnson Controls Inc COM 478366107 1,555 31,390 SH   SOLE   31,390 0 0
Lincoln National Corp. COM 534187109 1,935 32,677 SH   SOLE   32,677 0 0
MCY Mercury GenlCrp COM 589400100 211 3,800 SH   SOLE   3,800 0 0
Marsh & McLennan COM 571748102 2,670 47,090 SH   SOLE   47,090 0 0
Merck & Co. Inc. COM 58933Y105 2,672 46,932 SH   SOLE   46,932 0 0
Monsanto Company COM 61166W101 4,538 42,570 SH   SOLE   42,570 0 0
Mosaic Co. (The) COM 61945C103 4,158 88,760 SH   SOLE   88,760 0 0
NMFC NewMtnFinCorp COM 647551100 180 12,400 SH   SOLE   12,400 0 0
NYCB NYCmtyBancorp COM 649445103 206 11,200 SH   SOLE   11,200 0 0
Nat'l Oilwell Varco Inc COM 637071101 3,241 67,121 SH   SOLE   67,121 0 0
Occidental Petro Corp COM 674599105 1,598 20,547 SH   SOLE   20,547 0 0
PM Philip Morris Intl COM 718172109 216 2,700 SH   SOLE   2,700 0 0
PNNT PennantPark Inv COM 708062104 160 18,200 SH   SOLE   18,200 0 0
PSEC Prospect CapCorp COM 74348T102 115 15,600 SH   SOLE   15,600 0 0
Qualcomm Inc COM 747525103 2,000 31,935 SH   SOLE   31,935 0 0
Quest Diagnostics Inc COM 74834L100 1,184 16,320 SH   SOLE   16,320 0 0
Raytheon Company COM 755111507 3,137 32,782 SH   SOLE   32,782 0 0
Rock-Tenn Company COM 772739207 6,511 108,160 SH   SOLE   108,160 0 0
Schlumberger Ltd COM 806857108 3,718 43,140 SH   SOLE   43,140 0 0
TCRD THL Credit Inc COM 872438106 137 11,900 SH   SOLE   11,900 0 0
TE Teco Energy Inc COM 872375100 182 10,300 SH   SOLE   10,300 0 0
Target Corporation COM 87612E106 3,008 36,853 SH   SOLE   36,853 0 0
Wal-Mart Stores Inc COM 931142103 3,465 48,845 SH   SOLE   48,845 0 0
Western Union Co/The COM 959802109 10,364 509,766 SH   SOLE   509,766 0 0
BP Plc ADS ADR 055622104 6,223 155,740 SH   SOLE   155,740 0 0
Barclays Plc ADR ADR 06738E204 3,039 184,875 SH   SOLE   184,875 0 0
Ensco Plc ADS ADR G3157S106 4,765 213,954 SH   SOLE   213,954 0 0
Ericsson ADS ADR 294821608 4,900 469,302 SH   SOLE   469,302 0 0
Honda Motor Co Ltd. ADR 438128308 4,456 137,545 SH   SOLE   137,545 0 0
OB Onebeacon InsGrp ADR G67742109 165 11,400 SH   SOLE   11,400 0 0
Rio Tinto Plc ADR 767204100 3,880 94,155 SH   SOLE   94,155 0 0
Royal Dutch Shell A Plc ADR 780259206 3,187 55,902 SH   SOLE   55,902 0 0
SFL Ship Fin Intl Ltd ADR G81075106 168 10,300 SH   SOLE   10,300 0 0
Sanofi ADS ADR 80105N105 6,233 125,840 SH   SOLE   125,840 0 0
Teva Phrm Ind Ltd ADR ADR 881624209 4,086 69,145 SH   SOLE   69,145 0 0
XL Group Ltd. ADR G98290102 6,903 185,570 SH   SOLE   185,570 0 0
Alliance WW Priv Fd (AWPAX) MMF 01879X103 328 19,580 SH   SOLE   19,580 0 0
FTABX Fidelity Tax-Free Bond F MMF 316128503 500 43,557 SH   SOLE   43,557 0 0
MS India Invstmnt Fd (IIF) MMF 61745C105 305 11,100 SH   SOLE   11,100 0 0
NEA Nuveen AMT-Free Muni Inc F MMF 6706D8104 191 15,011 SH   SOLE   15,011 0 0
NIO Nuveen Insd Muni Opport Fu MMF 670984103 272 20,000 SH   SOLE   20,000 0 0
SBI Western Asset Interm Muni MMF 958435109 464 47,800 SH   SOLE   47,800 0 0
Mrk Vectors Israel ETF (ISRA) ETF 57061R676 309 9,500 SH   SOLE   9,500 0 0
ProShares Ultra BB Crude Oil ( ETF 74347W650 949 21,000 SH   SOLE   21,000 0 0
US Natural Gas Fd ETF (UNG) ETF 912318201 185 13,650 SH   SOLE   13,650 0 0