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
1-800-Flowers.com Inc. COM 68243Q106 8,314 852,705 SH   SOLE   852,705 0 0
3M Company COM 88579Y101 540 2,595 SH   SOLE   2,595 0 0
AZZ Incorporated COM 002474104 296 5,300 SH   SOLE   5,300 0 0
Amazon.com COM 023135106 238 246 SH   SOLE   246 0 0
Berkshire Hathaway COM 084670108 5,603 22 SH   SOLE   22 0 0
Berkshire Hathaway Cl B COM 084670702 4,527 26,730 SH   SOLE   26,730 0 0
Cabela's COM 126804301 5,529 93,050 SH   SOLE   93,050 0 0
Chevron Corp COM 166764100 1,636 15,685 SH   SOLE   15,685 0 0
Cimarex Energy Company COM 171798101 4,560 48,505 SH   SOLE   48,505 0 0
Columbia Sportswear COM 198516106 5,681 97,855 SH   SOLE   97,855 0 0
Continental Resources COM 212015101 1,757 54,350 SH   SOLE   54,350 0 0
Dawson Geophysical Company COM 239360100 8,220 2,097,048 SH   SOLE   2,097,048 0 0
Denny's COM 24869P104 5,087 432,230 SH   SOLE   432,230 0 0
Escalade Inc. COM 296056104 5,496 419,560 SH   SOLE   419,560 0 0
Helmerich & Payne Inc. COM 423452101 7,705 141,785 SH   SOLE   141,785 0 0
International Business Machine COM 459200101 12,062 78,411 SH   SOLE   78,411 0 0
Johnson & Johnson COM 478160104 10,585 80,015 SH   SOLE   80,015 0 0
Keweenaw Land Association COM 493026108 532 5,062 SH   SOLE   5,062 0 0
Manitex International COM 563420108 209 30,000 SH   SOLE   30,000 0 0
Merck & Co. COM 58933Y105 6,872 107,218 SH   SOLE   107,218 0 0
Mesabi Trust Ctfs COM 590672101 8,526 624,587 SH   SOLE   624,587 0 0
National Oilwell Varco COM 637071101 1,513 45,930 SH   SOLE   45,930 0 0
Natus Medical Inc COM 639050103 7,885 211,400 SH   SOLE   211,400 0 0
Pfizer, Inc COM 717081103 10,610 315,865 SH   SOLE   315,865 0 0
Powell Industries COM 739128106 7,947 248,430 SH   SOLE   248,430 0 0
Resolute Energy Corporation COM 76116A306 1,039 34,900 SH   SOLE   34,900 0 0
Sparton Corp COM 847235108 7,857 357,298 SH   SOLE   357,298 0 0
Tandy Leather Factory COM 87538X105 4,383 492,520 SH   SOLE   492,520 0 0
Texas Pacific Land Trust COM 882610108 3,599 12,250 SH   SOLE   12,250 0 0
Timken Company COM 887389104 6,193 133,900 SH   SOLE   133,900 0 0
Timken Steel Corp COM 887399103 11,173 726,953 SH   SOLE   726,953 0 0
Wynn Resorts, Limited COM 983134107 3,011 22,450 SH   SOLE   22,450 0 0
ABB Ltd ADR 000375204 6,880 276,325 SH   SOLE   276,325 0 0
Autoliv, Inc. ADR 052800109 11,488 104,631 SH   SOLE   104,631 0 0
Banco Latinoamericano de Expor ADR P16994132 7,280 265,897 SH   SOLE   265,897 0 0
Investor AB 'B' ORD W48102128 13,586 280,125 SH   SOLE   280,125 0 0
Koninklijke Philips NV ADR 500472303 10,855 303,056 SH   SOLE   303,056 0 0
Liberty Global A plc ADR G5480U104 8,378 260,822 SH   SOLE   260,822 0 0
Nestle S.A. ADR 641069406 12,393 142,125 SH   SOLE   142,125 0 0
Siemens AG ADR 826197501 7,209 104,254 SH   SOLE   104,254 0 0