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
Ann Inc COM 035623107 2,276 47,137 SH   SOLE   2,474 0 44,663
Arch Coal COM 039380100 736 2,163,619 SH   SOLE   333,730 0 1,829,889
Bank of America COM 060505104 7,784 457,343 SH   SOLE   106,628 0 350,715
BP ADR COM 055622104 599 15,000 SH   SOLE   15,000 0 0
Bristol Myers Squibb COM 110122108 1,549 24,000 SH   SOLE   24,000 0 0
Chevron COM 166764100 4,749 49,223 SH   SOLE   9,854 0 39,639
Cisco Systems COM 17275R102 6,874 250,316 SH   SOLE   59,334 0 190,982
Citigroup COM 172967424 7,891 142,854 SH   SOLE   30,244 0 112,610
Conoco Phillips COM 20825C104 5,018 81,719 SH   SOLE   17,038 0 64,681
Corning COM 219350105 1,834 92,933 SH   SOLE   7,162 0 85,771
DuPont COM 263534109 1,986 31,062 SH   SOLE   6,287 0 24,775
Ford COM 345370860 7,496 499,415 SH   SOLE   91,534 0 407,881
Gannett COM 36473h104 549 39,256 SH   SOLE   14,268 0 24,988
General Motors COM 37045V100 7,365 220,973 SH   SOLE   49,080 0 171,893
Hewlett-Packard COM 428236103 2,374 79,103 SH   SOLE   30,974 0 48,129
Intel COM 458140100 3,753 123,397 SH   SOLE   43,810 0 79,587
J.P. Morgan COM 46625H100 2,487 36,708 SH   SOLE   4,716 0 31,992
KEYW Holdings COM 493723100 3,997 428,855 SH   SOLE   103,732 0 325,123
Kimberly-Clark COM 494368103 954 9,000 SH   SOLE   9,000 0 0
Kohl's COM 500255104 5,004 79,931 SH   SOLE   13,508 0 66,423
Eli Lilly COM 532457108 4,623 55,375 SH   SOLE   19,288 0 36,087
Met Life COM 59156R108 2,947 52,636 SH   SOLE   12,871 0 39,765
Partner Re COM G6852T105 4,816 37,477 SH   SOLE   1,450 0 36,027
Peabody Energy COM 704549104 829 378,619 SH   SOLE   88,533 0 290,086
Pfizer COM 717081103 3,108 92,696 SH   SOLE   34,934 0 57,762
SunTrust COM 867914103 2,560 59,502 SH   SOLE   11,000 0 48,502
TEGNA COM 87901J105 1,690 52,697 SH   SOLE   2,720 0 49,977
Transocean Ltd. COM H8817H100 2,888 179,178 SH   SOLE   22,316 0 156,862
Transocean Partners COM Y8977Y100 119 8,627 SH   SOLE   4,654 0 3,973
United Bankshares COM 909907107 1,006 25,000 SH   SOLE   25,000 0 0
United Parcel COM 911312106 2,500 25,799 SH   SOLE   7,524 0 18,275
Verizon COM 92343V104 5,629 120,764 SH   SOLE   29,818 0 90,946
Wells Fargo COM 949746101 2,988 53,134 SH   SOLE   16,016 0 37,118