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 387,980 11,883 SH   SOLE   11,883 0 0
ASTORIA FINANCIAL COM 46265104 229,021 17,685 SH   SOLE   17,685 0 0
ASTEC INDUS COM 46224101 214,400 5,000 SH   SOLE   5,000 0 0
BANK OF AMERICA COM 60505104 767,607 49,877 SH   SOLE   49,877 0 0
BP PLC COM 55622104 35,468,351 906,887 SH   SOLE   906,887 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,831,800 28,400 SH   SOLE   28,400 0 0
BLACKBERRY COM 09228F103 21,070,585 2,359,528 SH   SOLE   2,359,528 0 0
CITIGROUP COM 172967101 58,271,232 1,131,041 SH   SOLE   1,131,041 0 0
CHEVRONTEXACO COM 166764100 628,620 5,988 SH   SOLE   5,988 0 0
COMCAST CL A COM 20030N101 1,384,089 24,510 SH   SOLE   24,510 0 0
CTM MEDIA CL A COM 22944D104 649,604 7,922 SH   SOLE   7,922 0 0
EXXON MOBILE COM 30231G102 1,503,140 17,684 SH   SOLE   17,684 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,169,823 132,333 SH   SOLE   132,333 0 0
FLUSHING FINANCIAL COM 343873105 311,466 15,519 SH   SOLE   15,519 0 0
GENERAL ELECTRIC COM 369604103 372,150 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 3,400,279 427,708 SH   SOLE   427,708 0 0
GLAXOSMITHKLINE COM 3773W105 2,685,930 58,200 SH   SOLE   58,200 0 0
HOLOGIC COM 436440101 45,501,912 1,377,802 SH   SOLE   1,377,802 0 0
IBM COM 459200101 1,148,859 7,158 SH   SOLE   7,158 0 0
IDT CORP CL B COM 448847309 8,798,143 495,670 SH   SOLE   495,670 0 0
KEYCORP NEW COM 493267108 205,659 14,524 SH   SOLE   14,524 0 0
LANDMARK SAVINGS BANK COM 514928100 858,421 33,624 SH   SOLE   33,624 0 0
MERCK COM 589331107 59,193,769 1,029,815 SH   SOLE   1,029,815 0 0
MONSANTO COM 66166W101 979,554 8,704 SH   SOLE   8,704 0 0
MBIA COM 55262C100 18,240,946 1,961,392 SH   SOLE   1,961,392 0 0
NAM TAI PPTY COM G63907102 11,572,159 2,914,901 SH   SOLE   2,914,901 0 0
NAVIENT COM 63938C108 12,331,772 606,580 SH   SOLE   606,580 0 0
NEW YORK COMMUNITY COM 649445103 54,190,404 3,239,116 SH   SOLE   3,239,116 0 0
NEWMARKET GROUP COM 651587107 420,464 880 SH   SOLE   880 0 0
NOVARTIS ADR COM 66987V109 3,053,754 30,968 SH   SOLE   30,968 0 0
NY TIMES CL A COM 650111107 55,073,340 4,002,423 SH   SOLE   4,002,423 0 0
OLD REPUBLIC COM 680223104 27,995,789 1,873,882 SH   SOLE   1,873,882 0 0
PFIZER COM 717081103 63,005,263 1,811,016 SH   SOLE   1,811,016 0 0
PATTERSON ENERGY COM 703481101 18,396,177 979,823 SH   SOLE   979,823 0 0
QUESTAR CORP COM 748356102 380,567 15,950 SH   SOLE   15,950 0 0
SEABOARD CORP COM 811543107 36,973,136 8,948 SH   SOLE   8,948 0 0
SLM CORP COM 78443P106 1,476,652 159,122 SH   SOLE   159,122 0 0
STRAIGHT PATH COMM COM 862578101 4,983,427 250,172 SH   SOLE   250,172 0 0
STERLING BANCORP COM 85917A100 14,379,664 1,072,309 SH   SOLE   1,072,309 0 0
TRINITY PLACE HOLDINGS COM 89656D101 8,144,273 1,155,216 SH   SOLE   1,155,216 0 0
VOXX INTERNATIONAL COM 91829F104 14,299,181 1,561,046 SH   SOLE   1,561,046 0 0
VOLVO COM 928856400 120,940 10,000 SH   SOLE   10,000 0 0