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
THE AARONS COMPANY INC COM 00258W108 880 31,960 SH   SOLE   31,960 0 0
ADVANSIX INC COM 00773T101 1,789 45,000 SH   SOLE   45,000 0 0
ALBERTSONS COS INC COMMON STOCK 013091103 3,580 115,000 SH   SOLE   115,000 0 0
ALJ REGL HLDGS INC COM 001627108 1,048 988,942 SH   SOLE   988,942 0 0
ALPHABET INC CAP STK CL A 02079K305 1,871 700 SH   SOLE   700 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,806 205,000 SH   SOLE   205,000 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106 1,290 50,000 SH   SOLE   50,000 0 0
APPLIED MATLS INC COM 038222105 1,802 14,000 SH   SOLE   14,000 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103 3,879 1,315,000 SH   SOLE   1,315,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 2,587 50,000 SH   SOLE   50,000 0 0
CERNER CORP COM 156782104 1,763 25,000 SH   SOLE   25,000 0 0
COLGATE PALMOLIVE CO COM 194162103 1,814 24,000 SH   SOLE   24,000 0 0
COMMERCIAL METALS CO COM 201723103 1,218 40,000 SH   SOLE   40,000 0 0
CONDUENT INC COM 206787103 1,746 265,000 SH   SOLE   265,000 0 0
CONNS INC COM 208242107 1,883 82,500 SH   SOLE   82,500 0 0
CONTAINER STORE GROUP INC COM 210751103 1,809 190,000 SH   SOLE   190,000 0 0
DASEKE INC COM 23753F107 5,419 588,400 SH   SOLE   588,400 0 0
DOMINOS PIZZA INC COM 25754A201 1,789 3,750 SH   SOLE   3,750 0 0
DXC TECHNOLOGY CO COM 23355L106 4,033 120,000 SH   SOLE   120,000 0 0
ISHARES TR FALN ANGLS USD 46435G474 497 16,500 SH   SOLE   16,500 0 0
FASTENAL CO COM 311900104 1,806 35,000 SH   SOLE   35,000 0 0
GENESCO INC COM 371532102 4,609 79,830 SH   SOLE   79,830 0 0
GOOD TIMES RESTAURANTS INC COM NEW 382140879 1,479 288,954 SH   SOLE   288,954 0 0
HALLADOR ENERGY COMPANY COM 40609P105 2,664 900,000 SH   SOLE   900,000 0 0
INGLES MKTS INC CL A 457030104 1,816 27,500 SH   SOLE   27,500 0 0
INTERFACE INC COM 458665304 2,879 190,000 SH   SOLE   190,000 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 6,568 57,000 SH   SOLE   57,000 0 0
ISHARES TR FALN ANGLS USD 46435G474 6,769 224,800 SH   SOLE   224,800 0 0
KOPPERS HOLDINGS INC COM 50060P106 1,797 57,500 SH   SOLE   57,500 0 0
MARCUS CORP DEL COM 566330106 3,926 225,000 SH   SOLE   225,000 0 0
MICROSOFT CORP COM 594918104 1,762 6,250 SH   SOLE   6,250 0 0
PLAYTIKA HLDG CORP COM 72815L107 967 35,000 SH   SOLE   35,000 0 0
PRIMORIS SVCS CORP COM 74164F103 1,249 51,000 SH   SOLE   51,000 0 0
RYERSON HLDG CORP COM 783754104 3,708 166,500 SH   SOLE   166,500 0 0
SALEM MEDIA GROUP INC CL A 794093104 3,073 828,293 SH   SOLE   828,293 0 0
SECURITY NATL FINL CORP CL A NEW 814785309 1,028 124,889 SH   SOLE   124,889 0 0
SHERWIN WILLIAMS CO COM 824348106 1,818 6,500 SH   SOLE   6,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,729 25,000 SH   SOLE   25,000 0 0
STERLING CONSTR INC COM 859241101 1,360 60,000 SH   SOLE   60,000 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,869 9,500 SH   SOLE   9,500 0 0
TRAVELCENTERS OF AMERICA INC COM NEW 89421B109 1,867 37,500 SH   SOLE   37,500 0 0
UNITED STS COMMODITY INDEX F CM REP COPP FD 911718104 13,778 550,000 SH   SOLE   550,000 0 0
UNITED STS OIL FD LP UNITS 91232N207 10,512 200,000 SH   SOLE   200,000 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 4,797 95,000 SH   SOLE   95,000 0 0
WALMART INC COM 931142103 1,812 13,000 SH   SOLE   13,000 0 0
WESTROCK CO COM 96145D105 1,246 25,000 SH   SOLE   25,000 0 0