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
ALLEGION, PLC COM G0176J109 502 5,575 SH   SOLE   5,575 0 0
AMERCO COM 023586100 13,064 35,791 SH   SOLE   35,791 0 0
AMERICAN AXLE COM 024061103 508 36,300 SH   SOLE   36,300 0 0
AMERIGAS PTRS. COM 030975106 555 18,193 SH   SOLE   18,193 0 0
ASTRONICS COM 046433108 700 21,875 SH   SOLE   21,875 0 0
BUILDERS F.S. COM 12008R107 226 17,421 SH   SOLE   17,421 0 0
CHASE CORP. COM 16150R104 9,809 107,792 SH   SOLE   107,792 0 0
CIRCOR INT'L COM 17273K109 315 9,842 SH   SOLE   9,842 0 0
CONOCOPHILLIPS COM 20825C104 5,382 80,931 SH   SOLE   80,931 0 0
COOPER TIRE COM 216831107 1,598 53,988 SH   SOLE   53,988 0 0
CORE MOLDINGS COM 218683100 592 84,631 SH   SOLE   84,631 0 0
CRANE CO. COM 224399105 2,097 24,959 SH   SOLE   24,959 0 0
DELTA APPAREL COM 247368103 13,269 603,141 SH   SOLE   603,141 0 0
DENNY'S CORP. COM 24869P104 1,356 74,500 SH   SOLE   74,500 0 0
DUCOMMUN INC COM 264147109 1,164 26,914 SH   SOLE   26,914 0 0
EASTMAN CHEM COM 277432100 2,997 39,699 SH   SOLE   39,699 0 0
EATON CORP COM G29183103 312 3,900 SH   SOLE   3,900 0 0
ENTERCOM COMM. COM 293639100 461 41,948 SH   SOLE   41,948 0 0
ESCALADE INC. COM 296056104 173 15,340 SH   SOLE   15,340 0 0
FERRO CORP. COM 315405100 3,898 209,556 SH   SOLE   209,556 0 0
FLOTEK IND. COM 343389102 1,500 468,663 SH   SOLE   468,663 0 0
GOODYEAR TIRE COM 382550101 7,702 427,903 SH   SOLE   427,903 0 0
HANESBRANDS COM 410345102 1,329 75,931 SH   SOLE   75,931 0 0
HARRIS CORP. COM 413875105 2,945 18,464 SH   SOLE   18,464 0 0
HESS CORP. COM 42809H107 601 10,011 SH   SOLE   10,011 0 0
HUNTSMAN CORP. COM 447011107 8,815 396,181 SH   SOLE   396,181 0 0
INGERSOLL RAND COM G47791101 1,945 18,089 SH   SOLE   18,089 0 0
JOHNSON OUTDR COM 479167108 328 4,659 SH   SOLE   4,659 0 0
KELLY SERVICES COM 488152208 226 10,401 SH   SOLE   10,401 0 0
KRATON PERFORM COM 50077C106 4,572 144,002 SH   SOLE   144,002 0 0
LCI INDUSTRIES COM 50189K103 2,873 37,560 SH   SOLE   37,560 0 0
MARATHON PET. COM 56585A102 1,956 32,866 SH   SOLE   32,866 0 0
NN, INC. COM 629337106 1,978 269,166 SH   SOLE   269,166 0 0
NORTHERN TECH COM 665809109 1,245 48,838 SH   SOLE   48,838 0 0
OCCIDENTAL PETE COM 674599105 1,115 16,897 SH   SOLE   16,897 0 0
OIL STATES INTL COM 678026105 436 26,431 SH   SOLE   26,431 0 0
OSHKOSH CORP COM 688239201 247 3,315 SH   SOLE   3,315 0 0
OWENS ILL INC COM 690768403 289 15,400 SH   SOLE   15,400 0 0
PERMA-FIX ENV. COM 714157203 61 20,421 SH   SOLE   20,421 0 0
PHILLIPS 66 COM 718546104 3,490 36,732 SH   SOLE   36,732 0 0
Q.E.P. CO.,INC COM 74727K102 4,635 210,663 SH   SOLE   210,663 0 0
READING INT'L COM 755408101 794 50,442 SH   SOLE   50,442 0 0
SENSIENT TECH COM 000000000 421 6,277 SH   SOLE   6,277 0 0
SPARTAN MOTORS COM 846819100 270 31,771 SH   SOLE   31,771 0 0
STANDEX INTL CP COM 854231107 6,079 83,279 SH   SOLE   83,279 0 0
STEPAN CHEMICAL COM 858586100 789 9,069 SH   SOLE   9,069 0 0
TOTAL SA COM 89151E109 831 15,109 SH   SOLE   15,109 0 0
TRIMAS CORP. COM 896215209 427 14,249 SH   SOLE   14,249 0 0
TRINSEO SA COM L9340P101 2,001 44,473 SH   SOLE   44,473 0 0
UNITED RENTALS COM 911363109 2,579 22,620 SH   SOLE   22,620 0 0
UNIVERSAL FOREST COM 913543104 236 8,007 SH   SOLE   8,007 0 0
USA COMPRESSION COM 90290N109 188 12,150 SH   SOLE   12,150 0 0
VAALCO ENERGY COM 91851C201 4,786 2,175,470 SH   SOLE   2,175,470 0 0
VENATOR MTRL COM G9329Z100 1,011 187,294 SH   SOLE   187,294 0 0
VSE CORP. COM 918284100 302 9,758 SH   SOLE   9,758 0 0
WABASH NATL COM 929566107 159 12,000 SH   SOLE   12,000 0 0
WATTS WATER COM 942749102 2,850 35,407 SH   SOLE   35,407 0 0
LIFE STORAGE COM 53223X107 288 3,000 SH   SOLE   3,000 0 0
OFFICE PROPERTIES COM 67623C109 236 8,594 SH   SOLE   8,594 0 0
UNIVERSAL SEC COM 913821302 25 22,761 SH   SOLE   22,761 0 0
ZUNICOM INC COM COM 98981X401 11 355,953 SH   SOLE   355,953 0 0