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
3M Co. COM 88579Y101 702 6,424 SH   SOLE   6,424 0 0
Abbott Laboratories COM 002824100 438 12,570 SH   SOLE   12,570 0 0
AbbVie Inc. COM 00287Y109 520 12,570 SH   SOLE   12,570 0 0
Aceto Corp. COM 004446100 165 11,851 SH   SOLE   11,851 0 0
Amdocs Ltd. COM G02602103 11,643 313,917 SH   SOLE   313,917 0 0
Apache Corp. COM 037411105 30,649 365,604 SH   SOLE   365,604 0 0
Archer-Daniels-Midland Co. COM 039483102 10,323 304,416 SH   SOLE   304,416 0 0
AT&T Inc. COM 00206R102 12,239 345,742 SH   SOLE   345,742 0 0
Avnet Inc. COM 053807103 19,004 565,592 SH   SOLE   565,592 0 0
Baker Hughes Inc. COM 057224107 20,776 450,386 SH   SOLE   450,386 0 0
Becton Dickinson & Co. COM 075887109 623 6,300 SH   SOLE   6,300 0 0
Berkshire Hathaway Inc. CL B COM 084670702 1,827 16,323 SH   SOLE   16,323 0 0
Berkshire Hathaway Inc.-CL A COM 084670108 7,250 43 SH   SOLE   43 0 0
Cardinal Health Inc. COM 14149Y108 30,145 638,671 SH   SOLE   638,671 0 0
Coach Inc. COM 189754104 8,779 153,766 SH   SOLE   153,766 0 0
Coca Cola Co. COM 191216100 3,759 93,720 SH   SOLE   93,720 0 0
Conagra Foods Inc. COM 205887102 10,979 314,308 SH   SOLE   314,308 0 0
ConocoPhillips COM 20825C104 10,319 170,562 SH   SOLE   170,562 0 0
CSX Corporation COM 126408103 9,356 403,444 SH   SOLE   403,444 0 0
Devon Energy Corp. COM 25179M103 12,758 245,917 SH   SOLE   245,917 0 0
Diebold Inc. COM 253651103 5,731 170,120 SH   SOLE   170,120 0 0
Dover Corp. COM 260003108 9,779 125,921 SH   SOLE   125,921 0 0
Dreamworks Animation COM 26153C103 18,580 724,071 SH   SOLE   724,071 0 0
Du Pont (E.I.) De Nemours COM 263534109 13,775 262,386 SH   SOLE   262,386 0 0
Emerson Electric Co. COM 291011104 4,239 77,720 SH   SOLE   77,720 0 0
Exelon Corp. COM 30161N101 6,117 198,090 SH   SOLE   198,090 0 0
Exxon Mobil Corp. COM 30231G102 1,186 13,131 SH   SOLE   13,131 0 0
F.N.B. Corp. COM 302520101 4,507 373,070 SH   SOLE   373,070 0 0
Freeport-McMoRan Copper COM 35671D857 23,539 852,551 SH   SOLE   852,551 0 0
Hancock Holding Co. COM 410120109 8,526 283,541 SH   SOLE   283,541 0 0
Hasbro Inc. COM 418056107 11,264 251,265 SH   SOLE   251,265 0 0
IBM COM 459200101 597 3,126 SH   SOLE   3,126 0 0
IShares S&P 500 Index Fund COM 464287200 499 3,100 SH   SOLE   3,100 0 0
Jabil Circuit Inc. COM 466313103 15,932 781,750 SH   SOLE   781,750 0 0
Johnson & Johnson COM 478160104 21,421 249,486 SH   SOLE   249,486 0 0
Johnson Controls Inc. COM 478366107 7,518 210,050 SH   SOLE   210,050 0 0
JPMorgan Chase & Co. COM 46625H100 236 4,471 SH   SOLE   4,471 0 0
Kraft Foods Group Inc. COM 50076Q106 1,029 18,418 SH   SOLE   18,418 0 0
Kroger Co. COM 501044101 9,885 286,180 SH   SOLE   286,180 0 0
M&T Bank Corp. COM 55261F104 4,380 39,191 SH   SOLE   39,191 0 0
McGraw-Hill Financial Inc. COM 580645109 16,563 311,393 SH   SOLE   311,393 0 0
Medtronic Inc. COM 585055106 20,119 390,897 SH   SOLE   390,897 0 0
Merck & Co. Inc. COM 58933Y105 13,743 295,859 SH   SOLE   295,859 0 0
Metlife Inc. COM 59156R108 23,566 514,983 SH   SOLE   514,983 0 0
Microsoft Corp. COM 594918104 21,426 620,495 SH   SOLE   620,495 0 0
Molson Coors Brewing Co. - B COM 60871R209 9,037 188,823 SH   SOLE   188,823 0 0
Mondelez International Inc. COM 609207105 1,576 55,256 SH   SOLE   55,256 0 0
Newell Rubbermaid Inc. COM 651229106 7,456 284,034 SH   SOLE   284,034 0 0
Norfolk Southern Corp. COM 655844108 8,760 120,582 SH   SOLE   120,582 0 0
Oracle Corp. COM 68389X105 16,604 540,510 SH   SOLE   540,510 0 0
Pepsico Inc. COM 713448108 10,364 126,717 SH   SOLE   126,717 0 0
PNC Financial Services COM 693475105 25,185 345,385 SH   SOLE   345,385 0 0
PPL Corp. COM 69351T106 20,670 683,074 SH   SOLE   683,074 0 0
Procter & Gamble Co. COM 742718109 813 10,563 SH   SOLE   10,563 0 0
Reinsurance Group of America COM 759351604 9,116 131,903 SH   SOLE   131,903 0 0
Resolute Forest Products COM 76117W109 3,310 251,344 SH   SOLE   251,344 0 0
Ryder System Inc. COM 783549108 26,452 435,133 SH   SOLE   435,133 0 0
State Street Corp. COM 857477103 11,714 179,628 SH   SOLE   179,628 0 0
The Mosaic Co. COM 61945C103 23,024 427,877 SH   SOLE   427,877 0 0
Tidewater Inc. COM 886423102 5,623 98,700 SH   SOLE   98,700 0 0
Tupperware Brands Corp. COM 899896104 10,668 137,315 SH   SOLE   137,315 0 0
U.S. Bancorp. COM 902973304 345 9,553 SH   SOLE   9,553 0 0
United Technologies Corp. COM 913017109 482 5,185 SH   SOLE   5,185 0 0
Walgreen Co. COM 931422109 12,381 280,104 SH   SOLE   280,104 0 0
Wal-Mart Stores Inc. COM 931142103 1,486 19,950 SH   SOLE   19,950 0 0
Warren Resources Inc. COM 93564A100 41 16,000 SH   SOLE   16,000 0 0
Wells Fargo Co. COM 949746101 306 7,421 SH   SOLE   7,421 0 0