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
ALLEGION, PLC COM G0176J109 642 5,178 SH   SOLE   5,178 0 0
ALLIED MOTION COM 019330109 242 5,100 SH   SOLE   5,100 0 0
AMERCO COM 023586100 11,727 31,780 SH   SOLE   31,780 0 0
AMERICAN AXLE COM 024061103 211 20,100 SH   SOLE   20,100 0 0
ASTRONICS COM 046433108 542 19,723 SH   SOLE   19,723 0 0
BUILDERS F.S. COM 12008R107 431 17,221 SH   SOLE   17,221 0 0
CHASE CORP. COM 16150R104 10,509 89,056 SH   SOLE   89,056 0 0
CIRCOR INT'L COM 17273K109 594 13,044 SH   SOLE   13,044 0 0
CONOCOPHILLIPS COM 20825C104 4,452 69,026 SH   SOLE   69,026 0 0
COOPER TIRE COM 216831107 1,194 41,879 SH   SOLE   41,879 0 0
CORE MOLDINGS COM 218683100 318 106,122 SH   SOLE   106,122 0 0
CRANE CO. COM 224399105 1,994 23,184 SH   SOLE   23,184 0 0
DELTA APPAREL COM 247368103 15,387 512,899 SH   SOLE   512,899 0 0
DENNY'S CORP. COM 24869P104 1,244 63,450 SH   SOLE   63,450 0 0
DUCOMMUN INC COM 264147109 1,204 24,074 SH   SOLE   24,074 0 0
EASTMAN CHEM COM 277432100 2,650 33,649 SH   SOLE   33,649 0 0
EATON CORP COM G29183103 321 3,400 SH   SOLE   3,400 0 0
ENTERCOM COMM. COM 293639100 83 18,368 SH   SOLE   18,368 0 0
ESCALADE INC. COM 296056104 118 12,443 SH   SOLE   12,443 0 0
FERRO CORP. COM 315405100 2,724 186,556 SH   SOLE   186,556 0 0
FLOTEK IND. COM 343389102 788 403,963 SH   SOLE   403,963 0 0
GOODYEAR TIRE COM 382550101 4,765 311,450 SH   SOLE   311,450 0 0
HANESBRANDS COM 410345102 1,224 84,431 SH   SOLE   84,431 0 0
HESS CORP. COM 42809H107 532 8,061 SH   SOLE   8,061 0 0
HUNTSMAN CORP. COM 447011107 8,519 354,946 SH   SOLE   354,946 0 0
INGERSOLL RAND COM G47791101 2,244 16,939 SH   SOLE   16,939 0 0
JOHNSON OUTDR COM 479167108 354 4,659 SH   SOLE   4,659 0 0
KEMET CORP. COM 488360207 1,841 70,126 SH   SOLE   70,126 0 0
KRATON PERFORM COM 50077C106 6,230 249,198 SH   SOLE   249,198 0 0
L3 HARRIS TECH COM 502431109 3,249 16,449 SH   SOLE   16,449 0 0
LCI INDUSTRIES COM 50189K103 3,476 32,635 SH   SOLE   32,635 0 0
MARATHON PET. COM 56585A102 1,645 27,416 SH   SOLE   27,416 0 0
NN, INC. COM 629337106 1,544 171,570 SH   SOLE   171,570 0 0
NORTHERN TECH COM 665809109 1,215 89,989 SH   SOLE   89,989 0 0
OCCIDENTAL PETE COM 674599105 595 14,613 SH   SOLE   14,613 0 0
OIL STATES INTL COM 678026105 286 17,866 SH   SOLE   17,866 0 0
OSHKOSH CORP COM 688239201 302 3,215 SH   SOLE   3,215 0 0
PERMA-FIX ENV. COM 714157203 94 10,741 SH   SOLE   10,741 0 0
PHILLIPS 66 COM 718546104 3,689 33,235 SH   SOLE   33,235 0 0
Q.E.P. CO.,INC COM 74727K102 2,841 202,927 SH   SOLE   202,927 0 0
READING INT'L COM 755408101 484 44,042 SH   SOLE   44,042 0 0
SENSIENT TECH COM 81725T100 365 5,577 SH   SOLE   5,577 0 0
SPARTAN MOTORS COM 846819100 453 25,175 SH   SOLE   25,175 0 0
STANDEX INTL CP COM 854231107 5,654 71,564 SH   SOLE   71,564 0 0
STEPAN CHEMICAL COM 858586100 876 8,589 SH   SOLE   8,589 0 0
TOTAL SA COM 89151E109 908 16,509 SH   SOLE   16,509 0 0
TRIMAS CORP. COM 896215209 380 12,249 SH   SOLE   12,249 0 0
TRINSEO SA COM L9340P101 1,333 36,273 SH   SOLE   36,273 0 0
UGI CORP COM 902681105 254 5,710 SH   SOLE   5,710 0 0
UNITED RENTALS COM 911363109 4,523 27,166 SH   SOLE   27,166 0 0
UNIVERSAL FOREST COM 913543104 307 6,457 SH   SOLE   6,457 0 0
VAALCO ENERGY COM 91851C201 5,458 2,538,474 SH   SOLE   2,538,474 0 0
VENATOR MTRL COM G9329Z100 229 63,594 SH   SOLE   63,594 0 0
VSE CORP. COM 918284100 257 6,858 SH   SOLE   6,858 0 0
WABASH NATL COM 929566107 153 10,600 SH   SOLE   10,600 0 0
WATTS WATER COM 942749102 3,239 32,557 SH   SOLE   32,557 0 0
WESCO INTL COM 95082P105 643 10,900 SH   SOLE   10,900 0 0
LIFE STORAGE COM 53223X107 300 2,800 SH   SOLE   2,800 0 0
UNIVERSAL SEC COM 913821302 14 22,761 SH   SOLE   22,761 0 0
ZUNICOM INC COM COM 98981X401 11 355,953 SH   SOLE   355,953 0 0