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
AMERICAN TEL & TEL COM 030177109 412,303 10,526 SH   SOLE   10,526 0 0
ASTORIA FINANCIAL COM 046265104 240,478 11,185 SH   SOLE   11,185 0 0
ASSURED GUARANTY COM G0585R106 34,006,522 900,835 SH   SOLE   900,835 0 0
BANK OF AMERICA COM 060505104 514,148 20,290 SH   SOLE   20,290 0 0
BP PLC COM 055622104 54,099,256 1,407,735 SH   SOLE   1,407,735 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,214,247 19,050 SH   SOLE   19,050 0 0
BLACKBERRY COM 09228F103 49,640,430 4,440,110 SH   SOLE   4,440,110 0 0
CITIGROUP COM 172967101 73,085,908 1,004,755 SH   SOLE   1,004,755 0 0
CHEVRONTEXACO COM 166764100 475,640 4,048 SH   SOLE   4,048 0 0
COMCAST CL A COM 20030N101 743,357 19,318 SH   SOLE   19,318 0 0
EXXON MOBILE COM 30231G102 1,375,952 16,784 SH   SOLE   16,784 0 0
GENIE ENERGY COM 903514344 2,657,460 405,719 SH   SOLE   405,719 0 0
GLAXOSMITHKLINE COM 37733W105 41,458,081 1,021,135 SH   SOLE   1,021,135 0 0
HOLOGIC COM 436440101 26,850,329 731,816 SH   SOLE   731,816 0 0
IBM COM 459200101 7,254 50 SH   SOLE   50 0 0
IDT CORP CL B COM 448847309 7,631,965 542,043 SH   SOLE   542,043 0 0
IDW MEDIA COM 44951N106 3,808,705 78,530 SH   SOLE   78,530 0 0
MERCK COM 589331107 58,826,304 918,730 SH   SOLE   918,730 0 0
MONSANTO COM 66166W101 213,520 1,782 SH   SOLE   1,782 0 0
MBIA COM 55262C100 37,727,498 4,336,494 SH   SOLE   4,336,494 0 0
NAM TAI PPTY COM G63907102 15,832,480 1,985,680 SH   SOLE   1,985,680 0 0
NAVIENT COM 63938C108 780,784 51,983 SH   SOLE   51,983 0 0
NEW YORK COMMUNITY COM 649445103 25,181,498 1,953,568 SH   SOLE   1,953,568 0 0
NOVARTIS ADR COM 66987V109 2,244,462 26,144 SH   SOLE   26,144 0 0
NY TIMES CL A COM 650111107 61,019,053 3,113,217 SH   SOLE   3,113,217 0 0
OLD REPUBLIC COM 680223104 945,120 48,000 SH   SOLE   48,000 0 0
PFIZER COM 717081103 19,902,572 557,495 SH   SOLE   557,495 0 0
PATTERSON ENERGY COM 703481101 26,947,498 1,286,891 SH   SOLE   1,286,891 0 0
SEABOARD CORP COM 811543107 35,539,945 7,889 SH   SOLE   7,889 0 0
STRAIGHT PATH COMM COM 862578101 10,148,053 56,168 SH   SOLE   56,168 0 0
STERLING BANCORP COM 85917A100 22,718,747 921,840 SH   SOLE   921,840 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,796,265 968,129 SH   SOLE   968,129 0 0
VOXX INTERNATIONAL COM 91829F104 31,223,762 3,651,902 SH   SOLE   3,651,902 0 0
ZEDGE INC. COM 98923T104 266,722 138,918 SH   SOLE   138,918 0 0