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
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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
Berkshire Hathaway, Inc. - Class B Equity 084670702 39,847 175,924 SH   SOLE   0 0 175,924
Laboratory Corporation of America Hldgs Equity 50540r409 38,373 226,830 SH   SOLE   0 0 226,830
Lamar Advertising Co. Equity 512815101 31,102 348,439 SH   SOLE   0 0 348,439
Equity Lifestyle Properties Inc. Equity 29472r108 24,532 347,385 SH   SOLE   0 0 347,385
Sun Communities UserDef 866674104 19,150 127,119 SH   SOLE   0 0 127,119
Casey's General Stores, Inc. Equity 147528103 15,882 99,895 SH   SOLE   0 0 99,895
Johnson & Johnson Equity 478160104 15,207 104,250 SH   SOLE   0 0 104,250
First Horizon Natl Equity 320517105 15,204 912,600 SH   SOLE   0 0 912,600
Apple Inc. Equity 037833100 14,527 49,470 SH   SOLE   0 0 49,470
Kansas City Southern Equity 485170302 14,414 93,920 SH   SOLE   0 0 93,920
Weyerhaeuser Co. Equity 962166104 13,735 454,800 SH   SOLE   0 0 454,800
Schwab (Charles) Corp. Equity 808513105 13,729 288,675 SH   SOLE   0 0 288,675
Plains Group Holdings Equity 72651a108 12,289 648,497 SH   SOLE   0 0 648,497
Home Bancshares Equity 436893200 11,596 589,825 SH   SOLE   0 0 589,825
Schlumberger Ltd. Equity 806857108 11,200 276,275 SH   SOLE   0 0 276,275
Potlatch Corp. Equity 737630103 9,939 229,700 SH   SOLE   0 0 229,700
Citizens Financial Group Equity 174610105 9,568 235,600 SH   SOLE   0 0 235,600
Americold Realty TRUST UserDef 03064D108 9,488 269,425 SH   SOLE   0 0 269,425
Graphic Packaging Holding Co Equity 388689101 9,412 563,425 SH   SOLE   0 0 563,425
Cedar Fair -L.P. Equity 150185106 8,197 147,860 SH   SOLE   0 0 147,860
Occidental Petroleum Corp. Equity 674599105 7,616 182,400 SH   SOLE   0 0 182,400
Pinnacle Finl Partners Inc Equity 72346Q104 7,567 118,236 SH   SOLE   0 0 118,236
A V X Corp Equity 002444107 7,360 359,550 SH   SOLE   0 0 359,550
First Community Corp Equity 319835104 5,978 276,650 SH   SOLE   0 0 276,650
Pfizer, Inc. Equity 717081103 5,073 129,475 SH   SOLE   0 0 129,475
KEMET Corp. Equity 488360108 5,065 187,250 SH   SOLE   0 0 187,250
Kroger Co. Equity 501044101 4,944 170,525 SH   SOLE   0 0 170,525
Stryker Corp. Equity 863667101 4,213 20,068 SH   SOLE   0 0 20,068
CCB Financial Corp. Equity 124875105 3,692 224,150 SH   SOLE   0 0 224,150
1/100 Berkshire Htwy Cla Equity 084990175 3,396 3,396 PRN   SOLE   0 0 3,396
Cohen & Steers Inc Equity 19247A100 2,787 44,400 SH   SOLE   0 0 44,400
Ball Corp. Equity 058498106 2,587 40,000 SH   SOLE   0 0 40,000
Omnicell, Inc. Equity 68213n109 2,341 28,650 SH   SOLE   0 0 28,650
Thermon Group Hldgs Equity 88362T103 2,278 85,000 SH   SOLE   0 0 85,000
Eastgroup Properties Equity 277276101 1,924 14,420 SH   SOLE   0 0 14,420
Synopsys, Inc. Equity 871607107 1,803 12,950 SH   SOLE   0 0 12,950
Kaisar Aluminum Corp Equity 483007704 1,663 15,000 SH   SOLE   0 0 15,000
Check Point Software Technologies Equity m22465104 1,626 14,650 SH   SOLE   0 0 14,650
Thermo Fisher Scientific Inc Equity 883556102 1,624 5,000 SH   SOLE   0 0 5,000
Costco Wholesale Corporation Equity 22160k105 1,176 4,000 SH   SOLE   0 0 4,000
Bank of South Carolina Corp Equity 065066102 1,135 60,411 SH   SOLE   0 0 60,411
ICON plc Equity G4705A100 1,033 6,000 SH   SOLE   0 0 6,000
CSX Corp. Equity 126408103 868 12,000 SH   SOLE   0 0 12,000
Calavo Growers, Inc. Equity 128246105 785 8,669 SH   SOLE   0 0 8,669
Irish Continental Group PLC Equity G49406179 709 129,550 SH   SOLE   0 0 129,550
Dentsply International Inc. Equity 249030107 707 12,500 SH   SOLE   0 0 12,500
Walgreens Boots Allianc Equity 931427108 684 11,600 SH   SOLE   0 0 11,600
Alphabet Inc Equity 02079K305 670 500 SH   SOLE   0 0 500
Google Inc. Equity 38259p508 669 500 SH   SOLE   0 0 500
Evans Bancorp Inc Equity 29911Q208 602 15,000 SH   SOLE   0 0 15,000
Fifth Third Bancorp. Equity 316773100 590 19,041 SH   SOLE   0 0 19,041
Canadian Tire Ltd Equity 136681202 538 5,000 SH   SOLE   0 0 5,000
Universal Health Realty Income Trust Equity 913903100 464 3,950 SH   SOLE   0 0 3,950
Hormel Foods Corp. Equity 440452100 451 10,000 SH   SOLE   0 0 10,000
Holly Energy Partner Lp UserDef 435763107 443 20,000 SH   SOLE   0 0 20,000
Wolverine World Wide, Inc. Equity 978097103 409 12,100 SH   SOLE   0 0 12,100
Vertu Motors Plc Ord Equity G9337V109 394 785,000 SH   SOLE   0 0 785,000
Landmark Infrastruct Lp UserDef 51508J108 335 20,409 SH   SOLE   0 0 20,409
First Bancorp Equity 318910106 276 6,900 SH   SOLE   0 0 6,900
Prologis Equity 74340w103 259 2,900 SH   SOLE   0 0 2,900
Nanophase Technologies Corp Equity 630079101 109 389,838 SH   SOLE   0 0 389,838
RMR Real Estate Fd Fractional Shares Equity HGK70B105 0 174,077 SH   SOLE   0 0 174,077
UFood Restaurant Group Inc. Equity 903508109 0 11,000 SH   SOLE   0 0 11,000
Tradeshow Marketing Co. Equity 892652108 0 27,900 SH   SOLE   0 0 27,900