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
Ann Inc COM 035623107 2,177 53,064 SH   SOLE   2,474 0 50,590
Arch Coal COM 039380100 2,391 2,391,195 SH   SOLE   333,730 0 2,057,465
Bank of America COM 060505104 8,872 576,451 SH   SOLE   106,628 0 469,823
BP ADR COM 055622104 587 15,000 SH   SOLE   15,000 0 0
Bristol Myers Squibb COM 110122108 1,548 24,000 SH   SOLE   24,000 0 0
Chevron COM 166764100 5,929 56,477 SH   SOLE   9,854 0 46,893
Cisco Systems COM 17275R102 9,442 343,039 SH   SOLE   60,894 0 282,145
Citigroup COM 172967424 9,298 180,472 SH   SOLE   30,244 0 150,228
Conoco Phillips COM 20825C104 5,652 90,780 SH   SOLE   13,631 0 77,149
Corning COM 219350105 3,238 142,778 SH   SOLE   7,162 0 135,616
DuPont COM 263534109 2,830 39,602 SH   SOLE   6,287 0 33,315
Ford COM 345370860 9,719 602,147 SH   SOLE   91,534 0 510,613
Gannett COM 364730101 3,147 84,864 SH   SOLE   15,628 0 69,236
General Electric COM 369604103 347 14,000 SH   SOLE   14,000 0 0
General Motors COM 37045V100 9,682 258,177 SH   SOLE   33,740 0 224,437
Halyard Health COM 40650V100 55 1,125 SH   SOLE   1,125 0 0
Hewlett-Packard COM 428236103 2,989 95,913 SH   SOLE   30,974 0 64,939
Intel COM 458140100 5,649 180,665 SH   SOLE   43,810 0 136,855
J.P. Morgan COM 46625H100 3,028 49,988 SH   SOLE   4,716 0 45,272
KEYW Holdings COM 493723100 3,994 485,278 SH   SOLE   74,432 0 410,846
Kimberly-Clark COM 494368103 964 9,000 SH   SOLE   9,000 0 0
Kohl's COM 500255104 10,078 128,792 SH   SOLE   14,655 0 114,137
Eli Lilly COM 532457108 5,709 78,582 SH   SOLE   19,288 0 59,294
Partner Re COM G6852T105 5,740 50,203 SH   SOLE   1,450 0 48,753
Peabody Energy COM 704549104 1,818 369,453 SH   SOLE   61,209 0 308,244
Pfizer COM 717081103 4,673 134,319 SH   SOLE   34,934 0 99,385
SunTrust COM 867914103 3,269 79,546 SH   SOLE   11,000 0 68,546
Transocean Ltd. COM H8817H100 2,989 203,722 SH   SOLE   22,316 0 181,406
Transocean Partners COM Y8977Y100 143 11,709 SH   SOLE   4,654 0 7,055
United Bankshares COM 909907107 940 25,000 SH   SOLE   25,000 0 0
United Parcel COM 911312106 3,694 38,103 SH   SOLE   7,524 0 30,579
Verizon COM 92343V104 6,839 140,628 SH   SOLE   29,818 0 110,810
Wells Fargo COM 949746101 3,761 69,128 SH   SOLE   16,016 0 53,112