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 352 3,625 SH   SOLE   3,625 0 0
ALLIED MOTION COM 019330109 139 6,300 SH   SOLE   6,300 0 0
AMERCO COM 023586100 9,420 19,915 SH   SOLE   19,915 0 0
ASTRONICS COM 046433108 124 12,730 SH   SOLE   12,730 0 0
ATRION CP COM 049904105 97 157 SH   SOLE   157 0 0
BEACON ROOFING COM 073685109 204 4,000 SH   SOLE   4,000 0 0
BERRY PLASTICS COM 08579W103 1,167 21,618 SH   SOLE   21,618 0 0
BRISTOL MYERS COM 110122108 967 12,638 SH   SOLE   12,638 0 0
BUILDERS F.S. COM 12008R107 502 9,471 SH   SOLE   9,471 0 0
CARLISLE CO. COM 142339100 83 350 SH   SOLE   350 0 0
CARRIER GLOBAL COM 14448C104 822 23,317 SH   SOLE   23,317 0 0
CHASE CORP. COM 16150R104 3,671 48,303 SH   SOLE   48,303 0 0
CHEMOURS COM 163851108 233 7,400 SH   SOLE   7,400 0 0
CIRCOR INT'L COM 17273K109 110 7,122 SH   SOLE   7,122 0 0
CONOCOPHILLIPS COM 20825C104 3,498 39,081 SH   SOLE   39,081 0 0
CORE MOLDINGS COM 218683100 516 58,974 SH   SOLE   58,974 0 0
CRANE CO. COM 224399105 1,276 14,666 SH   SOLE   14,666 0 0
DELTA APPAREL COM 247368103 10,843 390,746 SH   SOLE   390,746 0 0
DENNY'S CORP. COM 24869P104 330 38,871 SH   SOLE   38,871 0 0
DORMAN PROD COM 258278100 137 1,254 SH   SOLE   1,254 0 0
DOW INC. COM 260557103 56 1,100 SH   SOLE   1,100 0 0
DUCOMMUN INC COM 264147109 370 8,714 SH   SOLE   8,714 0 0
EASTERN CO. COM 276317104 18 904 SH   SOLE   904 0 0
EASTMAN CHEM COM 277432100 2,529 28,416 SH   SOLE   28,416 0 0
EATON CORP COM G29183103 314 2,500 SH   SOLE   2,500 0 0
ESCALADE INC. COM 296056104 79 6,434 SH   SOLE   6,434 0 0
GOODYEAR TIRE COM 382550101 308 29,371 SH   SOLE   29,371 0 0
GRIFFON CORP. COM 398433102 104 3,800 SH   SOLE   3,800 0 0
H&R BLOCK COM 093671105 175 5,000 SH   SOLE   5,000 0 0
HANESBRANDS COM 410345102 755 75,530 SH   SOLE   75,530 0 0
HERC HOLDINGS COM 42704L104 424 4,732 SH   SOLE   4,732 0 0
HESS CORP. COM 42809H107 503 4,771 SH   SOLE   4,771 0 0
HUNTSMAN CORP. COM 447011107 7,348 262,446 SH   SOLE   262,446 0 0
INGERSOLL RAND COM 45687V106 342 8,250 SH   SOLE   8,250 0 0
INGLES MARKETS COM 457030104 5,684 66,097 SH   SOLE   66,097 0 0
JELD-WEN COM 47580P103 14 1,000 SH   SOLE   1,000 0 0
JOHNSON OUTDR COM 479167108 215 3,525 SH   SOLE   3,525 0 0
KOPPERS HOLDING COM 50060P106 1,463 66,507 SH   SOLE   66,507 0 0
KROGER COM 501044101 19 400 SH   SOLE   400 0 0
L3 HARRIS TECH COM 502431109 2,149 8,916 SH   SOLE   8,916 0 0
LCI INDUSTRIES COM 50189K103 2,321 20,911 SH   SOLE   20,911 0 0
LOEWS CORP COM 540424108 123 2,100 SH   SOLE   2,100 0 0
MARATHON PET. COM 56585A102 2,032 24,782 SH   SOLE   24,782 0 0
MONRO MUFFLER COM 610236101 8 189 SH   SOLE   189 0 0
NORTHERN TECH COM 665809109 450 49,994 SH   SOLE   49,994 0 0
OLIN CORP COM 680665205 6,238 135,605 SH   SOLE   135,605 0 0
OSHKOSH CORP COM 688239201 187 2,300 SH   SOLE   2,300 0 0
PATRICK IND. COM 703343103 58 1,129 SH   SOLE   1,129 0 0
PHILLIPS 66 COM 718546104 1,745 21,416 SH   SOLE   21,416 0 0
Q.E.P. CO.,INC COM 74727K102 3,003 171,617 SH   SOLE   171,617 0 0
READING INT'L COM 755408101 77 23,557 SH   SOLE   23,557 0 0
SENSIENT TECH COM 81725T100 285 3,566 SH   SOLE   3,566 0 0
SHYFT GROUP COM 825698103 81 4,515 SH   SOLE   4,515 0 0
SPX CORP. COM 784635104 99 1,912 SH   SOLE   1,912 0 0
STANDEX INTL CP COM 854231107 2,455 29,222 SH   SOLE   29,222 0 0
STEPAN CHEMICAL COM 858586100 487 4,823 SH   SOLE   4,823 0 0
TOTAL SA COM 89151E109 276 5,276 SH   SOLE   5,276 0 0
TRANE TECH COM G8994E103 1,203 9,288 SH   SOLE   9,288 0 0
TRIMAS CORP. COM 896215209 146 5,425 SH   SOLE   5,425 0 0
TRINSEO SA COM G9059U107 4,767 125,439 SH   SOLE   125,439 0 0
UFP INDUSTRIES COM 90278Q108 285 4,250 SH   SOLE   4,250 0 0
UNITED RENTALS COM 911363109 4,662 19,266 SH   SOLE   19,266 0 0
USA COMPRESS COM 90290N109 41 2,500 SH   SOLE   2,500 0 0
VAALCO ENERGY COM 91851C201 20,537 3,042,526 SH   SOLE   3,042,526 0 0
VIRCO MFG CO COM 927651109 85 24,367 SH   SOLE   24,367 0 0
VSE CORP. COM 918284100 113 3,058 SH   SOLE   3,058 0 0
WATTS WATER COM 942749102 1,476 12,100 SH   SOLE   12,100 0 0
WESCO INTL COM 95082P105 841 7,900 SH   SOLE   7,900 0 0
WESTLAKE CHEM COM 960413102 2,163 22,183 SH   SOLE   22,183 0 0
GLADSTONE COM 376536108 45 2,500 SH   SOLE   2,500 0 0
LIFE STORAGE COM 53223X107 339 3,082 SH   SOLE   3,082 0 0
AMERICAN BILT COM 024591406 40 318 SH   SOLE   318 0 0
APARTMENT INVT COM 03748R747 105 17,500 SH   SOLE   17,500 0 0
BERK HATH CL 'B' COM 084670702 54 200 SH   SOLE   200 0 0
BGSF, INC COM 05601C105 26 2,200 SH   SOLE   2,200 0 0
COMPASS DIV COM 20451Q104 21 1,000 SH   SOLE   1,000 0 0
EXXON MOBIL COM 30231G102 12 145 SH   SOLE   145 0 0
NEW RESIDENTIAL COM 64828T201 16 1,766 SH   SOLE   1,766 0 0
OTIS WORLDWIDE COM 68902V107 66 946 SH   SOLE   946 0 0
P & F INDUSTRIES COM 692830508 28 5,700 SH   SOLE   5,700 0 0
PFIZER INC. COM 717081103 16 300 SH   SOLE   300 0 0
RAYTHEON COM 75513E101 176 1,893 SH   SOLE   1,893 0 0
RCI HOSPITALITY COM 74934Q108 57 1,185 SH   SOLE   1,185 0 0
SINCLAIR BROAD COM 829226109 24 1,200 SH   SOLE   1,200 0 0
TARGA RESOURCES COM 87611X105 183 3,100 SH   SOLE   3,100 0 0
UNIVERSAL SEC COM 913821302 162 49,831 SH   SOLE   49,831 0 0
VALERO ENERGY COM 91913Y100 26 250 SH   SOLE   250 0 0
WILLIAMS CO COM 969457100 122 4,000 SH   SOLE   4,000 0 0