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
ABB LTD SPONSORED ADR 000375204 56,158 2,689,537 SH   SOLE   367,915 0 2,321,622
ABBVIE INC COM 00287Y109 76,375 1,136,708 SH   SOLE   160,535 0 976,173
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 43,650 2,534,863 SH   SOLE   357,405 0 2,177,458
AT&T INC COM 00206R102 92,351 2,599,974 SH   SOLE   365,590 0 2,234,384
BCE INC COM NEW 05534B760 74,524 1,753,504 SH   SOLE   246,965 0 1,506,539
BUCKLE INC COM 118440106 64,226 1,403,236 SH   SOLE   193,483 0 1,209,753
CINEMARK HOLDINGS INC COM 17243V102 28,706 714,603 SH   SOLE   98,776 0 615,827
CISCO SYS INC COM 17275R102 49,863 1,815,856 SH   SOLE   271,665 0 1,544,191
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 35,579 1,075,531 SH   SOLE   149,365 0 926,166
DORCHESTER MINERALS LP COM UNIT 25820R105 6,369 297,775 SH   SOLE   1,050 0 296,725
DOW CHEM CO COM 260543103 80,420 1,571,625 SH   SOLE   229,470 0 1,342,155
EATON CORP PLC SHS G29183103 67,781 1,004,308 SH   SOLE   144,840 0 859,468
ENDURO RTY TR TR UNIT 29269K100 5,552 1,325,127 SH   SOLE   268,870 0 1,056,257
EXXON MOBIL CORP COM 30231G102 259 3,117 SH   SOLE   0 0 3,117
FEDERATED INVS INC PA CL B 314211103 43,457 1,297,615 SH   SOLE   206,330 0 1,091,285
FNB CORP PA COM 302520101 67,390 4,705,989 SH   SOLE   693,345 0 4,012,644
GENERAL MTRS CO COM 37045V100 54,378 1,631,505 SH   SOLE   228,005 0 1,403,500
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 58,083 1,394,540 SH   SOLE   203,670 0 1,190,870
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 28,896 1,002,653 SH   SOLE   141,270 0 861,383
INTEL CORP COM 458140100 44,820 1,473,627 SH   SOLE   192,345 0 1,281,282
LAMAR ADVERTISING CO NEW CL A 512816109 56,643 985,430 SH   SOLE   151,345 0 834,085
MAXIM INTEGRATED PRODS INC COM 57772K101 47,019 1,359,914 SH   SOLE   191,530 0 1,168,384
MCCORMICK & CO INC COM NON VTG 579780206 219 2,700 SH   SOLE   0 0 2,700
MERCK & CO INC NEW COM 58933Y105 39,861 700,170 SH   SOLE   107,748 0 592,422
MICROCHIP TECHNOLOGY INC COM 595017104 40,436 852,626 SH   SOLE   129,760 0 722,866
NUCOR CORP COM 670346105 47,510 1,078,050 SH   SOLE   155,635 0 922,415
OUTFRONT MEDIA INC COM 69007J106 50,489 2,000,339 SH   SOLE   287,437 0 1,712,902
PEARSON PLC SPONSORED ADR 705015105 62,451 3,293,853 SH   SOLE   445,760 0 2,848,093
PEOPLES UNITED FINANCIAL INC COM 712704105 67,583 4,169,205 SH   SOLE   610,105 0 3,559,100
PLUM CREEK TIMBER CO INC COM 729251108 39,881 983,023 SH   SOLE   135,810 0 847,213
POTASH CORP SASK INC COM 73755L107 61,940 2,000,007 SH   SOLE   275,355 0 1,724,652
PUBLIC SVC ENTERPRISE GROUP COM 744573106 39,558 1,007,085 SH   SOLE   150,845 0 856,240
REGAL ENTMT GROUP CL A 758766109 56,679 2,710,623 SH   SOLE   386,865 0 2,323,758
RYMAN HOSPITALITY PPTYS INC COM 78377T107 48,211 907,766 SH   SOLE   127,420 0 780,346
SEAGATE TECHNOLOGY PLC SHS G7945M107 50,607 1,065,406 SH   SOLE   149,560 0 915,846
SIX FLAGS ENTMT CORP NEW COM 83001A102 47,077 1,049,656 SH   SOLE   152,056 0 897,600
SONOCO PRODS CO COM 835495102 29,148 680,068 SH   SOLE   96,715 0 583,353
THOMSON REUTERS CORP COM 884903105 29,938 786,398 SH   SOLE   110,270 0 676,128
VERMILION ENERGY INC COM 923725105 61,599 1,426,230 SH   SOLE   209,170 0 1,217,060
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 80,195 2,200,143 SH   SOLE   306,420 0 1,893,723
WADDELL & REED FINL INC CL A 930059100 49,081 1,037,432 SH   SOLE   150,405 0 887,027