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
AMERICAN TEL & TEL COM 30177109 573,002 16,297 SH   SOLE   16,297 0 0
ASTORIA FINANCIAL COM 46265104 244,584 17,685 SH   SOLE   17,685 0 0
ASTEC INDUS COM 46224101 772,600 20,000 SH   SOLE   20,000 0 0
BANK OF AMERICA COM 60505104 887,817 57,021 SH   SOLE   57,021 0 0
BP PLC COM 55622104 25,313,415 520,745 SH   SOLE   520,745 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,469,598 27,650 SH   SOLE   27,650 0 0
BLACKBERRY COM 09228F103 1,490,000 200,000 SH   SOLE   200,000 0 0
CITIGROUP COM 172967101 55,975,155 1,074,173 SH   SOLE   1,074,173 0 0
CHEVRONTEXACO COM 166764100 885,362 7,088 SH   SOLE   7,088 0 0
COMCAST CL A COM 20030N101 1,265,044 24,344 SH   SOLE   24,344 0 0
CTM MEDIA CL A COM 22944D104 498,420 7,668 SH   SOLE   7,668 0 0
EXXON MOBILE COM 30231G102 1,814,921 17,934 SH   SOLE   17,934 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,586,437 149,382 SH   SOLE   149,382 0 0
FLUSHING FINANCIAL COM 343873105 230,163 11,119 SH   SOLE   11,119 0 0
GENERAL ELECTRIC COM 369604103 420,450 15,000 SH   SOLE   15,000 0 0
GENIE ELECTRIC COM 903514344 4,856,448 475,656 SH   SOLE   475,656 0 0
HOLOGIC COM 436440101 30,162,890 1,349,570 SH   SOLE   1,349,570 0 0
IBM COM 459200101 615,792 3,283 SH   SOLE   3,283 0 0
IDT CORP CL B COM 448847309 8,683,123 485,905 SH   SOLE   485,905 0 0
KEYCORP NEW COM 493267108 295,227 21,999 SH   SOLE   21,999 0 0
LANDMARK SAVINGS BANK COM 514928100 691,527 35,282 SH   SOLE   35,282 0 0
MERCK COM 589331107 30,287,625 2,525,376 SH   SOLE   2,525,376 0 0
MONSANTO COM 66166W101 1,037,068 8,898 SH   SOLE   8,898 0 0
MBIA COM 55262C100 25,494,646 2,135,230 SH   SOLE   2,135,230 0 0
NAM TAI ELECT COM 629865205 19,618,346 2,747,667 SH   SOLE   2,747,667 0 0
NEW YORK COMMUNITY COM 649445103 55,093,882 3,269,666 SH   SOLE   3,269,666 0 0
NEWMARKET GROUP COM 651587107 334,150 1,000 SH   SOLE   1,000 0 0
NOVARTIS ADR COM 66987V109 2,199,839 27,368 SH   SOLE   27,368 0 0
NY TIMES CL A COM 650111107 67,632,512 4,261,658 SH   SOLE   4,261,658 0 0
OLD REPUBLIC COM 680223104 42,513,723 2,461,710 SH   SOLE   2,461,710 0 0
PHI INC NON-VOTING COM 716604202 282,100 6,500 SH   SOLE   6,500 0 0
PFIZER COM 717081103 58,189,624 1,899,759 SH   SOLE   1,899,759 0 0
PATTERSON ENERGY COM 703481101 35,657,650 1,408,280 SH   SOLE   1,408,280 0 0
QUESTAR CORP COM 748356102 366,691 15,950 SH   SOLE   15,950 0 0
SEABOARD CORP COM 811543107 25,115,600 8,986 SH   SOLE   8,986 0 0
SLM CORP COM 78443P106 25,728,698 979,022 SH   SOLE   979,022 0 0
STRAIGHT PATH COMM COM 862578101 1,998,745 244,047 SH   SOLE   244,047 0 0
STERLING BANCORP COM 85917A100 15,144,734 1,132,740 SH   SOLE   1,132,740 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,871,588 1,018,013 SH   SOLE   1,018,013 0 0
USG INC COM 903293405 567,600 20,000 SH   SOLE   20,000 0 0
VOXX INTERNATIONAL COM 91829F104 28,045,012 1,679,342 SH   SOLE   1,679,342 0 0
VOLVO COM 928856400 131,490 10,000 SH   SOLE   10,000 0 0