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
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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
AT&T Inc. Com 00206R102 374 10,670 SH   SOLE   0 0 10,670
Agnico-Eagle Mines Ltd. Com 008474108 333 11,000 SH   SOLE   0 0 11,000
Allegheny Technologies Inc. Com 01741r102 16,102 427,337 SH   SOLE   0 0 427,337
Anadarko Petroleum Corp. Com 032511107 387 4,567 SH   SOLE   0 0 4,567
Apple Computer Inc. Com 037833100 1,513 2,818 SH   SOLE   0 0 2,818
Arrow Electronics Inc. Com 042735100 12,541 211,274 SH   SOLE   0 0 211,274
Associated Banc Corp. Com 045487105 258 14,267 SH   SOLE   0 0 14,267
Baker Hughes Inc. Com 057224107 26,094 401,324 SH   SOLE   0 0 401,324
Bank of America Com 060505104 19,538 1,135,945 SH   SOLE   0 0 1,135,945
Berkley W R Corp. Com 084423102 1,331 31,968 SH   SOLE   0 0 31,968
Biogen Idec Inc. Com 09062X103 214 701 SH   SOLE   0 0 701
Boulder Brands Inc. Com 101405108 388 22,000 SH   SOLE   0 0 22,000
Briggs & Stratton Corp. Com 109043109 8,186 367,925 SH   SOLE   0 0 367,925
CSX Corp. Com 126408103 316 10,900 SH   SOLE   0 0 10,900
Capstone Turbine Corp. Com 14067D102 266 125,000 SH   SOLE   0 0 125,000
Chataqua Partners LLC Com 1428198 1,804 1,803,523 SH   SOLE   0 0 1,803,523
Cisco Systems Com 17275r102 21,279 949,319 SH   SOLE   0 0 949,319
Citigroup Inc. Com 172967424 11,848 248,904 SH   SOLE   0 0 248,904
Coastal South Bankshares Com 190545103 18 11,850 SH   SOLE   0 0 11,850
Colgate-Palmolive Co. Com 194162103 299 4,613 SH   SOLE   0 0 4,613
Cumulus Media Inc. Com 231082108 72 10,450 SH   SOLE   0 0 10,450
Eaton Corp. Com 278058102 376 5,000 SH   SOLE   0 0 5,000
Eli Lilly & Co. Com 532457108 331 5,632 SH   SOLE   0 0 5,632
Emerson Electric Co. Com 291011104 473 7,088 SH   SOLE   0 0 7,088
Exxon Mobil Corp. Com 30231g102 2,134 21,844 SH   SOLE   0 0 21,844
Facebook, Inc. Com 30303M102 256 4,250 SH   SOLE   0 0 4,250
Fastenal Company Com 311900104 631 12,800 SH   SOLE   0 0 12,800
Finish Line Com 317923100 17,011 627,950 SH   SOLE   0 0 627,950
Fiserv Inc. Com 337738108 646 11,400 SH   SOLE   0 0 11,400
Forest Oil Corp. Com 346091705 29 15,000 SH   SOLE   0 0 15,000
General Electric Co. Com 369604103 19,970 771,358 SH   SOLE   0 0 771,358
General Motors Corp. Com 37045v100 19,438 564,736 SH   SOLE   0 0 564,736
Geron Corp. Com 374163103 21 10,000 SH   SOLE   0 0 10,000
GoldenTree Offshore Cl C Exemp Com 2071622 585 199 SH   SOLE   0 0 199
Goldentree Offshore C 5 F Com 2071621 561 409 SH   SOLE   0 0 409
Helmerich & Payne Inc. Com 423452101 215 2,000 SH   SOLE   0 0 2,000
Holly Frontier Corp. Com 436106108 404 8,500 SH   SOLE   0 0 8,500
IBM Com 459200101 789 4,100 SH   SOLE   0 0 4,100
Intel Corp. Com 458140100 8,690 336,636 SH   SOLE   0 0 336,636
Interpublic Group Companies Com 460690100 14,917 870,293 SH   SOLE   0 0 870,293
J P Morgan Chase Com 46625H100 13,496 222,310 SH   SOLE   0 0 222,310
Johnson & Johnson Com 478160104 922 9,384 SH   SOLE   0 0 9,384
Johnson Controls Inc. Com 478366107 21,323 450,620 SH   SOLE   0 0 450,620
Journal Comm. CL'A Com 481130102 115 12,988 SH   SOLE   0 0 12,988
Kimberly-Clark Corporation Com 494368103 432 3,919 SH   SOLE   0 0 3,919
Kohls Corp. Com 500255104 612 10,770 SH   SOLE   0 0 10,770
MGIC Investment Corp. Com 552848103 2,308 270,920 SH   SOLE   0 0 270,920
McDonalds Corp. Com 580135101 927 9,461 SH   SOLE   0 0 9,461
MedAssets Inc. Com 584045108 8,582 347,312 SH   SOLE   0 0 347,312
Merck & Company Com 58933y105 314 5,525 SH   SOLE   0 0 5,525
Metlife Inc. Com 59156R108 21,896 414,701 SH   SOLE   0 0 414,701
Microsoft Corp. Com 594918104 224 5,461 SH   SOLE   0 0 5,461
Modine Manufacturing Co. Com 607828100 11,379 776,725 SH   SOLE   0 0 776,725
Occidental Petroleum Corp. Com 674599105 369 3,870 SH   SOLE   0 0 3,870
Options Media Group Com 684008105 0 20,000 SH   SOLE   0 0 20,000
Orion Energy System Inc. Com 686275108 153 21,040 SH   SOLE   0 0 21,040
Owens-Illinois Inc. Com 690768403 20,676 611,187 SH   SOLE   0 0 611,187
Patterson UTI Energy Com 703481101 10,016 316,162 SH   SOLE   0 0 316,162
Pentair Ltd. Com 709631105 344 4,340 SH   SOLE   0 0 4,340
Pfizer Inc. Com 717081103 748 23,277 SH   SOLE   0 0 23,277
Procter & Gamble Co. Com 742718109 503 6,240 SH   SOLE   0 0 6,240
Proshares Tr Pshs Shrt S&P 500 Com 74347r503 475 19,250 SH   SOLE   0 0 19,250
Protide Pharmaceutical Com 74371a103 0 10,000 SH   SOLE   0 0 10,000
Schlumberger Ltd. Com 806857108 717 7,352 SH   SOLE   0 0 7,352
Sirius XM Radio Inc. Com 82967N108 2,446 764,308 SH   SOLE   0 0 764,308
Southwestern Energy Co. Com 845467109 13,435 292,000 SH   SOLE   0 0 292,000
Staples Inc. Com 855030102 181 16,000 SH   SOLE   0 0 16,000
Synovus Financial Corp. Com 87161c105 34 10,000 SH   SOLE   0 0 10,000
Transocean Ltd. Com h8817h100 311 7,529 SH   SOLE   0 0 7,529
US Bancorp Com 902973304 6,392 149,148 SH   SOLE   0 0 149,148
Union Pacific Corp. Com 907818108 1,877 10,000 SH   SOLE   0 0 10,000
Weatherford Intl. Inc. Com H27013103 19,815 1,141,400 SH   SOLE   0 0 1,141,400
Wells Fargo & Co. Com 949746101 3,676 73,910 SH   SOLE   0 0 73,910