13F-HR 1 inftable.txt FORM 13F FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 4487 51695 SH SOLE 51695 Abbott Labs COM 002824100 268 5000 SH SOLE 5000 Adobe Systems COM 00724f101 2252 56100 SH SOLE 56100 Advance Auto Parts COM 00751y106 6685 164950 SH SOLE 164950 Affiliated Computer COM 008190100 403 7100 SH SOLE 7100 Ambac Financial COM 023139108 1221 14000 SH SOLE 14000 American Intl. Group COM 026874107 5968 85216 SH SOLE 85216 Amgen Inc COM 031162100 4918 88950 SH SOLE 88950 Archer - Daniels COM 039483102 662 20000 SH SOLE 20000 Arkansas Best Corp COM 040790107 779 20000 SH SOLE 20000 BJ Services Co COM 055482103 341 12000 SH SOLE 12000 BP p.l.c COM 055622104 4613 63947 SH SOLE 63947 Bank of America Corp COM 060505104 2355 48160 SH SOLE 48160 Bear Stearns Co. COM 073902108 700 5000 SH SOLE 5000 Bed Bath & Beyond COM 075896100 3798 105540 SH SOLE 105540 Best Buy Co. COM 086516101 6216 133200 SH SOLE 133200 Biomet, Inc. COM 090613100 1362 29800 SH SOLE 29800 C.H. Robinson Worldwide COM 12541w209 2820 53700 SH SOLE 53700 CB Richard Ellis Group COM 12497T101 365 10000 SH SOLE 10000 CIT Group Inc COM 125581108 7547 137650 SH SOLE 137650 Capital One Financial Corp COM 14040h105 1239 15800 SH SOLE 15800 Cephalon Inc. COM 156708108 804 10000 SH SOLE 10000 ChevronTexaco Corp COM 166764100 1565 18575 SH SOLE 18575 Cintas Corporation COM 172908105 418 10600 SH SOLE 10600 Cisco Systems Inc COM 17275r102 391 14039 SH SOLE 14039 Citigroup COM 172967101 3483 67910 SH SOLE 67910 Constellation Brands COM 21036P108 728 30000 SH SOLE 30000 Costco Companies COM 22160k105 755 12900 SH SOLE 12900 Dover Corp. COM 260003108 4749 92850 SH SOLE 92850 ENSCO Intl COM 26874Q100 2395 39250 SH SOLE 39250 Everest RE Group COM g3223r108 212 1950 SH SOLE 1950 Express Scripts COM 302182100 2731 54600 SH SOLE 54600 FedEx COM 31428x106 1143 10300 SH SOLE 10300 Gannett COM 364730101 1146 20850 SH SOLE 20850 Gap COM 364760108 598 31300 SH SOLE 31300 General Dynamics COM 369550108 782 10000 SH SOLE 10000 General Electric COM 369604103 2962 77380 SH SOLE 77380 Halliburton Co COM 406216101 5472 158600 SH SOLE 158600 Harley-Davidson COM 412822108 596 10000 SH SOLE 10000 Harrah's Entertainment COM 413619107 239 2800 SH SOLE 2800 Hilb, Rogal & Hobbs COM 431294107 3546 82735 SH SOLE 82735 Home Depot COM 437076102 1503 38200 SH SOLE 38200 Int'l Business Mach. COM 459200101 5541 52645 SH SOLE 52645 J.P. Morgan Chase COM 46625h100 5179 106902 SH SOLE 106902 Jack in the Box COM 466367109 319 4500 SH SOLE 4500 Johnson & Johnson COM 478160104 4859 78853 SH SOLE 78853 L-3 Communications COM 502424104 7986 82000 SH SOLE 82000 Lehman Brothers COM 524908100 474 6250 SH SOLE 6250 Limited Brands COM 532716107 961 35000 SH SOLE 35000 Lowe's Companies COM 548661107 8683 282920 SH SOLE 282920 MBIA, Inc. COM 55262c100 8440 135655 SH SOLE 135655 MGIC Investment Corp COM 552848103 853 15000 SH SOLE 15000 MSC Industrial COM 553530106 583 10600 SH SOLE 10600 Medco Health COM 58405k104 6333 81200 SH SOLE 81200 Merrill Lynch Inc. COM 590188108 836 10000 SH SOLE 10000 Microsoft COM 594918104 4417 149890 SH SOLE 149890 Motorola Inc. COM 620076109 1166 65900 SH SOLE 65900 Office Max COM 67622P101 861 21900 SH SOLE 21900 Omnicare Inc. COM 681904108 6783 188100 SH SOLE 188100 PMI Group COM 69344m101 4110 92010 SH SOLE 92010 Pepsico Inc. COM 713448108 2964 45705 SH SOLE 45705 Quest Diagnostics COM 74834L100 315 6100 SH SOLE 6100 Radian Group COM 750236101 216 4000 SH SOLE 4000 Royal Dutch Shell COM 780257804 279 3435 SH SOLE 3435 Ruby Tuesday, Inc. COM 781182100 527 20000 SH SOLE 20000 Seagate Technology COM G7945J104 6115 280900 SH SOLE 280900 Southwest Airlines COM 844741108 7935 532200 SH SOLE 532200 Staples Inc. COM 855030102 5407 227850 SH SOLE 227850 Symantec COM 871503108 1204 59600 SH SOLE 59600 TJX Companies Inc COM 872540109 275 10000 SH SOLE 10000 Target Corp COM 87612e106 1081 17000 SH SOLE 17000 Texas Instruments COM 882508104 1543 41000 SH SOLE 41000 Tidewater Inc COM 886423102 6500 91700 SH SOLE 91700 Transatlantic Holdings COM 893521104 6441 90550 SH SOLE 90550 United Health Group COM 91324p102 6041 118125 SH SOLE 118125 United Parcel Service COM 911312106 6663 91275 SH SOLE 91275 Varian Medical COM 92220p105 4726 111175 SH SOLE 111175 Wal-Mart Stores COM 931142103 5939 123450 SH SOLE 123450 Walt Disney Co. COM 254687106 360 10550 SH SOLE 10550 Washington Mutual COM 939322103 2418 56700 SH SOLE 56700 Wells Fargo COM 949746101 327 9290 SH SOLE 9290 Werner Industries COM 950755108 735 36500 SH SOLE 36500 Zimmer Holdings COM 98956p102 6464 76150 SH SOLE 76150 First Industrial Realty COM 32054k103 3289 84850 SH SOLE 84850 Lexington Realty Tr COM 529043101 3503 168427 SH SOLE 168427 Bank of NY 6.875% PRD 09656g201 2247 89600 SH SOLE 89600 Bear Stearns III 7.80% PRD 07384t206 858 33800 SH SOLE 33800 Cap Crossing 8.50% PRD 14007r401 631 24400 SH SOLE 24400 FPC Capital I 7.10% PRD 302552203 851 33800 SH SOLE 33800 Harris Pref 7.375% PRD 414567206 1753 69600 SH SOLE 69600 Highwoods Prop 8.0% PRD 431284306 1054 41532 SH SOLE 41532 MBNA Corp. 8.10% PRD 55270b201 332 12900 SH SOLE 12900 Repsol 7.45% PRD G7513k103 2263 89400 SH SOLE 89400 Ryl Bk Scotland 7.25% PRD 780097879 2451 96600 SH SOLE 96600