13F-HR/A 1 june13f07.txt AMMENDMENT TO PREVIOUS FORM. FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Alliance Holdings GP L.P. COM 01861g100 1629 54750 SH SOLE 54750 AllianceBernstein Holdings, LP COM 01881g106 2806 32220 SH SOLE 32220 Bank of America COM 060505104 285 5820 SH SOLE 5820 Citigroup COM 172967101 284 5540 SH SOLE 5540 Enbridge Energy Mgmt. COM 29250x103 629 11302 SH SOLE 11302 Enbridge Energy Partners L.P. COM 29250R106 786 14148 SH SOLE 14148 Enterprise Prod Partners COM 293792107 1462 45949 SH SOLE 45949 FPL Group Inc. COM 302571104 963 16970 SH SOLE 16970 Inergy Holdings LP COM 45661Q107 630 12376 SH SOLE 12376 Istar Financial COM 45031U101 2224 50180 SH SOLE 50180 Kinder Morgan Energy Partners COM 494550106 410 7430 SH SOLE 7430 Kinder Morgan Mgmt COM 49455u100 749 14429 SH SOLE 14429 Magellan Midstream Partners, L COM 559080106 628 13480 SH SOLE 13480 Nustar Group Holdings LLC COM 67059l102 681 17810 SH SOLE 17810 Plains All American Pipeline L COM 726503105 1898 29818 SH SOLE 29818 Resource Capital COM 76120W302 1094 78270 SH SOLE 78270 US Bancorp COM 902973304 306 9289 SH SOLE 9289 AFLAC Incorporated COM 001055102 1241 24150 SH SOLE 24150 Advance Auto Parts COM 00751Y106 757 18675 SH SOLE 18675 Ambac Finl Group COM 023139108 698 8010 SH SOLE 8010 American Express COM 025816109 2051 33527 SH SOLE 33527 Arch Capital Group COM g0450a105 910 12550 SH SOLE 12550 Atlas America, Inc. COM 049167109 711 13228 SH SOLE 13228 Automatic Data Processing COM 053015103 897 18510 SH SOLE 18510 Bancorp Inc COM 05969a105 741 33120 SH SOLE 33120 Boeing Company COM 097023105 1302 13540 SH SOLE 13540 Brkshire Hathaway B COM 084670207 562 156 SH SOLE 156 CVS/Caremark COM 126650100 1296 35550 SH SOLE 35550 Chesapeake Energy Corp. COM 165167107 602 17390 SH SOLE 17390 Chevron COM 166764100 1312 15570 SH SOLE 15570 Colgate Palmolive COM 194162103 2884 44466 SH SOLE 44466 ConocoPhillips COM 20825C104 952 12130 SH SOLE 12130 Dover Corp. COM 260003108 586 11450 SH SOLE 11450 Franklin Resources COM 354613101 722 5450 SH SOLE 5450 General Electric COM 369604103 5280 137940 SH SOLE 137940 Google COM 38259P508 617 1180 SH SOLE 1180 Henry Schein COM 806407102 655 12260 SH SOLE 12260 Jacobs Engineering Group COM 469814107 805 14000 SH SOLE 14000 Kaydon Corp. COM 486587108 728 13960 SH SOLE 13960 Moog Inc. COM 615394202 937 21250 SH SOLE 21250 National Financial Partners COM 63607p208 624 13470 SH SOLE 13470 Nestle Spons ADR COM 641069406 2829 29580 SH SOLE 29580 Pepsico COM 713448108 3034 46790 SH SOLE 46790 Procter & Gamble COM 742718109 2865 46820 SH SOLE 46820 Resource America COM 761195205 566 27439 SH SOLE 27439 Roche Holding AG COM 771195104 1098 12340 SH SOLE 12340 SEI Investments Co. COM 784117103 581 20020 SH SOLE 20020 Schlumberger COM 806857108 1898 22350 SH SOLE 22350 Thermo Fisher Scientific COM 883556102 1372 26530 SH SOLE 26530 UBS AG COM H89231338 2300 38320 SH SOLE 38320 United Technologies COM 913017109 2856 40260 SH SOLE 40260 iShr MSCI Emerg Mkts ET COM 464287234 2349 17840 SH SOLE 17840 Resource Capital Corp. 373 26667 SH SOLE 26667 The Bancorp.com, Inc. 05969a105 1000 44743 SH SOLE 44743