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
Abbott Laboratories Common 002824100 511 6,963 SH   SOLE   6,963 0 0
Aceto Corp Conv Bond 004446AD2 1,955 2,600,000 PRN   SOLE   2,600,000 0 0
Air Industries Group Inc Common 00912N205 1,358 976,644 SH   SOLE   976,644 0 0
Allergan PLC Common G0177J108 14,961 78,542 SH   SOLE   78,542 0 0
Alphabet Inc - Cl C Non-Voting Common 02079K107 3,259 2,731 SH   SOLE   2,731 0 0
Alphabet Inc - Par Ordinary Common 02079K305 7,661 6,347 SH   SOLE   6,347 0 0
Amazon.com Inc Common 023135106 280 140 SH   SOLE   140 0 0
American International Group Common 026874784 13,350 250,758 SH   SOLE   250,758 0 0
American International Group Warrants Warrant 026874156 387 26,500 SH   SOLE   26,500 0 0
Anadarko Petroleum Corp Common 032511107 300 4,450 SH   SOLE   4,450 0 0
Ares Capital Corp. Conv Bond 04010LAM5 2,278 2,275,000 PRN   SOLE   2,275,000 0 0
AT&T Inc Common 00206R102 240 7,139 SH   SOLE   7,139 0 0
Bank of New York Mellon Common 064058100 301 5,908 SH   SOLE   5,908 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 20,090 93,829 SH   SOLE   93,829 0 0
Boeing Co Common 097023105 681 1,832 SH   SOLE   1,832 0 0
Bristol-Myers Squibb Co Common 110122108 247 3,977 SH   SOLE   3,977 0 0
Capital One Financial Corp. Warrants Warrant 14040H139 994 18,700 SH   SOLE   18,700 0 0
Chevron Corp Common 166764100 519 4,244 SH   SOLE   4,244 0 0
Cisco Systems Inc Common 17275R102 14,971 307,721 SH   SOLE   307,721 0 0
Citigroup Inc Common 172967424 10,755 149,917 SH   SOLE   149,917 0 0
CNX Resources Common 12653C108 10,180 711,386 SH   SOLE   711,386 0 0
Coca-Cola Co Common 191216100 377 8,171 SH   SOLE   8,171 0 0
Conduent Inc. Common 206787103 3,978 176,650 SH   SOLE   176,650 0 0
Consol Energy Inc Common 20854L108 3,384 82,924 SH   SOLE   82,924 0 0
Danaher Corp Common 235851102 11,975 110,209 SH   SOLE   110,209 0 0
Discovery, Inc. Common 25470F104 15,103 471,965 SH   SOLE   471,965 0 0
DXC Technologies Co Common 23355L106 2,066 22,087 SH   SOLE   22,087 0 0
Emerson Electric Co Common 291011104 425 5,554 SH   SOLE   5,554 0 0
Exxon Mobil Corp Common 30231G102 545 6,412 SH   SOLE   6,412 0 0
Fannie Mae Common 313586109 32 22,200 SH   SOLE   22,200 0 0
Fortive Corp Common 34959J108 4,762 56,557 SH   SOLE   56,557 0 0
Gannett Co Inc Conv Bond 36473HAA2 3,129 3,000,000 PRN   SOLE   3,000,000 0 0
General Electric Co Common 369604103 9,464 838,307 SH   SOLE   838,307 0 0
Goldman Sachs Group Inc Common 38141G104 9,770 43,571 SH   SOLE   43,571 0 0
Hartford Financial Service Group Warrants Warrant 416515120 6,855 152,442 SH   SOLE   152,442 0 0
Hewlett Packard Enterprise Common 42824C109 4,985 305,630 SH   SOLE   305,630 0 0
Illinois Tool Works Inc Common 452308109 9,437 66,869 SH   SOLE   66,869 0 0
iShares Short-Term Corporate ETF 464288646 2,360 45,526 SH   SOLE   45,526 0 0
Jefferies Financial Group Inc. Common 47233W109 12,833 584,381 SH   SOLE   584,381 0 0
Johnson & Johnson Common 478160104 17,141 124,054 SH   SOLE   124,054 0 0
JPMorgan Chase & Co Common 46625H100 408 3,614 SH   SOLE   3,614 0 0
Kroger Co Common 501044101 8,786 301,806 SH   SOLE   301,806 0 0
Lincoln National Corp Warrants Warrant 534187117 1,073 16,260 SH   SOLE   16,260 0 0
Loews Corp. Common 540424108 12,532 249,495 SH   SOLE   249,495 0 0
Mednax Inc Common 58502B106 219 4,696 SH   SOLE   4,696 0 0
Merck & Co Inc Common 58933Y105 247 3,487 SH   SOLE   3,487 0 0
Micro Focus International - SPN ADR Common 594837304 690 37,312 SH   SOLE   37,312 0 0
Microsoft Corp Common 594918104 11,740 102,653 SH   SOLE   102,653 0 0
Park National Corp Common 700658107 2,409 22,823 SH   SOLE   22,823 0 0
Pepsico Inc Common 713448108 248 2,215 SH   SOLE   2,215 0 0
Perspecta Inc Common 715347100 279 10,859 SH   SOLE   10,859 0 0
Pfizer Inc Common 717081103 278 6,312 SH   SOLE   6,312 0 0
Procter & Gamble Co Common 742718109 475 5,701 SH   SOLE   5,701 0 0
Redwood Trust Inc Conv Bond 758075AC9 2,584 2,700,000 PRN   SOLE   2,700,000 0 0
Republic Services Inc Common 760759100 11,526 158,624 SH   SOLE   158,624 0 0
Royal Dutch Shell Plc Cl-A Common 780259206 223 3,277 SH   SOLE   3,277 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,416 2,370,000 PRN   SOLE   2,370,000 0 0
RWT Holdings Inc Conv Bond 749772AB5 5,046 5,000,000 PRN   SOLE   5,000,000 0 0
Schwab International Equity Fund ETF Common 808524805 429 12,792 SH   SOLE   12,792 0 0
Servisfirst Bancshares Inc Common 81768T108 7,909 202,030 SH   SOLE   202,030 0 0
Stryker Corp Common 863667101 11,361 63,940 SH   SOLE   63,940 0 0
Tellurian Inc Common 87968A104 99 11,000 SH   SOLE   11,000 0 0
Thermo Fisher Scientific Inc Common 883556102 10,016 41,036 SH   SOLE   41,036 0 0
Twitter Inc. Conv Bond 90184LAB8 2,324 2,400,000 PRN   SOLE   2,400,000 0 0
Union Pacific Corp Common 907818108 266 1,634 SH   SOLE   1,634 0 0
Unitedhealth Group Inc Common 91324P102 310 1,167 SH   SOLE   1,167 0 0
Vanguard Total World Stock ETF Common 922042742 445 5,869 SH   SOLE   5,869 0 0
Wal-Mart Stores Inc Common 931142103 480 5,116 SH   SOLE   5,116 0 0
Waste Management Inc Common 94106L109 523 5,784 SH   SOLE   5,784 0 0
Wells Fargo & Co Common 949746101 11,300 214,995 SH   SOLE   214,995 0 0
Xerox Corp Common 984121608 7,352 272,493 SH   SOLE   272,493 0 0