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
Aegean Marine Petroleum Inc COM Y0017S102 20,790 1,852,914 SH   SOLE   1,852,914 0 0
Air Transport Services Group I COM 00922R105 15,517 1,918,055 SH   SOLE   1,918,055 0 0
Ameriserv Financial Inc COM 03074A102 2,106 695,010 SH   SOLE   695,010 0 0
Argo Group Intl Holdings Ltd COM G0464B107 14,014 301,437 SH   SOLE   301,437 0 0
Arkansas Best Corp COM 040790107 22,361 663,911 SH   SOLE   663,911 0 0
Atlas Air Worldwide Holdings I COM 049164205 21,086 512,411 SH   SOLE   512,411 0 0
CNA Financial Corp COM 126117100 16,550 385,860 SH   SOLE   385,860 0 0
Cal Dive International Inc COM 12802T101 11,386 5,664,871 SH   SOLE   5,664,871 0 0
Chiquita Brands Intl Inc COM 170032809 16,765 1,432,900 SH   SOLE   1,432,900 0 0
Cloud Peak Energy Inc COM 18911Q102 14,460 803,325 SH   SOLE   803,325 0 0
Commercial Vehicle Group Inc COM 202608105 9,739 1,339,643 SH   SOLE   1,339,643 0 0
Flextronics International Ltd COM Y2573F102 15,989 2,057,807 SH   SOLE   2,057,807 0 0
General Cable Corporation COM 369300108 18,021 612,758 SH   SOLE   612,758 0 0
Goodyear Tire & Rubber Co COM 382550101 24,924 1,045,018 SH   SOLE   1,045,018 0 0
Hawaiian Holdings Inc COM 419879101 20,513 2,130,149 SH   SOLE   2,130,149 0 0
Ingram Micro Inc COM 457153104 14,504 618,262 SH   SOLE   618,262 0 0
Jones Group Inc COM 48020T101 9,731 650,474 SH   SOLE   650,474 0 0
Meritor Inc COM 59001K100 24,970 2,394,076 SH   SOLE   2,394,076 0 0
Navistar Intl Corp COM 63934E108 12,764 334,229 SH   SOLE   334,229 0 0
PBF Energy Inc COM 69318G106 16,640 528,941 SH   SOLE   528,941 0 0
PHH Corporation COM 693320202 19,114 784,989 SH   SOLE   784,989 0 0
Patterson-UTI Energy Inc COM 703481101 10,154 401,026 SH   SOLE   401,026 0 0
Peabody Energy Corporation COM 704549104 17,740 908,325 SH   SOLE   908,325 0 0
Renewable Energy Group Inc COM 75972a301 3,580 312,353 SH   SOLE   312,353 0 0
SUPERVALU INC COM 868536103 4,945 678,267 SH   SOLE   678,267 0 0
Sanmina Corporation COM 801056102 16,432 983,932 SH   SOLE   983,932 0 0
Star Bulk Carriers Corp COM Y8162K121 4,100 307,553 SH   SOLE   307,553 0 0
Steel Dynamics Inc COM 858119100 8,197 419,478 SH   SOLE   419,478 0 0
Swift Energy Co COM 870738101 13,915 1,030,773 SH   SOLE   1,030,773 0 0
Tesoro Corporation COM 881609101 23,512 401,919 SH   SOLE   401,919 0 0
The Hanover Insurance Group In COM 410867105 11,349 190,061 SH   SOLE   190,061 0 0
Titan Machinery Inc COM 88830R101 18,101 1,015,765 SH   SOLE   1,015,765 0 0
Unisys Corporation COM 909214306 25,320 754,259 SH   SOLE   754,259 0 0
Valero Energy Corp COM 91913y100 22,644 449,277 SH   SOLE   449,277 0 0
Virco Mfg Corp COM 927651109 863 376,084 SH   SOLE   376,084 0 0