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 610,852 11,710 SH   SOLE   11,710 0 0
ASTORIA FINANCIAL COM 46265104 243,876 17,685 SH   SOLE   17,685 0 0
BANK OF AMERICA COM 60505104 801,676 47,102 SH   SOLE   47,102 0 0
BP PLC COM 55622104 36,456,547 912,326 SH   SOLE   912,326 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,916,352 28,800 SH   SOLE   28,800 0 0
BLACKBERRY COM 09228F103 27,015,898 3,302,677 SH   SOLE   3,302,677 0 0
CITIGROUP COM 172967101 62,253,546 1,126,965 SH   SOLE   1,126,965 0 0
CHEVRONTEXACO COM 166764100 471,545 4,888 SH   SOLE   4,888 0 0
COMCAST CL A COM 20030N101 1,320,803 21,962 SH   SOLE   21,962 0 0
CTM MEDIA CL A COM 22944D104 1,881,360 7,839 SH   SOLE   7,839 0 0
EXXON MOBILE COM 30231G102 1,471,309 17,684 SH   SOLE   17,684 0 0
FIRST NIAGARA FINANCIAL COM 33582V108 1,249,223 132,333 SH   SOLE   132,333 0 0
FLUSHING FINANCIAL COM 343873105 198,439 9,445 SH   SOLE   9,445 0 0
GENERAL ELECTRIC COM 369604103 398,550 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 4,425,721 422,705 SH   SOLE   422,705 0 0
GLAXOSMITHKLINE COM 3773W105 2,424,030 58,200 SH   SOLE   58,200 0 0
HOLOGIC COM 436440101 51,754,444 1,359,812 SH   SOLE   1,359,812 0 0
IBM COM 459200101 1,164,320 7,158 SH   SOLE   7,158 0 0
IDT CORP CL B COM 448847309 8,816,675 487,648 SH   SOLE   487,648 0 0
KEYCORP NEW COM 493267108 205,293 13,668 SH   SOLE   13,668 0 0
LANDMARK SAVINGS BANK COM 514928100 820,619 33,826 SH   SOLE   33,826 0 0
MERCK COM 589331107 57,875,771 1,016,613 SH   SOLE   1,016,613 0 0
MONSANTO COM 66166W101 927,765 8,704 SH   SOLE   8,704 0 0
MBIA COM 55262C100 20,802,750 3,461,356 SH   SOLE   3,461,356 0 0
NAM TAI PPTY COM G63907102 14,056,110 2,916,205 SH   SOLE   2,916,205 0 0
NAVIENT COM 63938C108 6,110,074 335,534 SH   SOLE   335,534 0 0
NEW YORK COMMUNITY COM 649445103 56,246,917 3,060,224 SH   SOLE   3,060,224 0 0
NEWMARKET GROUP COM 651587107 386,184 870 SH   SOLE   870 0 0
NOVARTIS ADR COM 66987V109 2,767,583 28,143 SH   SOLE   28,143 0 0
NY TIMES CL A COM 650111107 53,833,307 3,943,832 SH   SOLE   3,943,832 0 0
OLD REPUBLIC COM 680223104 17,429,896 1,115,157 SH   SOLE   1,115,157 0 0
PFIZER COM 717081103 59,511,556 1,774,875 SH   SOLE   1,774,875 0 0
PATTERSON ENERGY COM 703481101 19,189,249 1,019,891 SH   SOLE   1,019,891 0 0
SEABOARD CORP COM 811543107 31,523,641 8,759 SH   SOLE   8,759 0 0
SLM CORP COM 78443P106 998,153 101,130 SH   SOLE   101,130 0 0
STRAIGHT PATH COMM COM 862578101 7,862,517 239,784 SH   SOLE   239,784 0 0
STERLING BANCORP COM 85917A100 15,594,157 1,060,827 SH   SOLE   1,060,827 0 0
TRINITY PLACE HOLDINGS COM 89656D101 9,205,640 1,172,693 SH   SOLE   1,172,693 0 0
VOXX INTERNATIONAL COM 91829F104 12,700,857 1,533,920 SH   SOLE   1,533,920 0 0
VOLVO COM 928856400 124,010 10,000 SH   SOLE   10,000 0 0