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 409,251 10,526 SH   SOLE   10,526 0 0
ASSURED GUARANTY COM G0585R106 35,988,535 1,062,549 SH   SOLE   1,062,549 0 0
BANK OF AMERICA COM 060505104 815,431 27,623 SH   SOLE   27,623 0 0
BP PLC COM 055622104 59,138,522 1,407,055 SH   SOLE   1,407,055 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,167,384 19,050 SH   SOLE   19,050 0 0
BLACKBERRY COM 09228F103 50,811,325 4,548,910 SH   SOLE   4,548,910 0 0
CITIGROUP COM 172967101 73,063,023 981,898 SH   SOLE   981,898 0 0
CHEVRONTEXACO COM 166764100 506,769 4,048 SH   SOLE   4,048 0 0
COMCAST CL A COM 20030N101 384,640 9,604 SH   SOLE   9,604 0 0
EXXON MOBILE COM 30231G102 1,424,724 17,034 SH   SOLE   17,034 0 0
GENIE ENERGY COM 903514344 1,770,387 406,052 SH   SOLE   406,052 0 0
GLAXOSMITHKLINE COM 37733W105 40,406,111 1,139,163 SH   SOLE   1,139,163 0 0
HOLOGIC COM 436440101 29,568,765 691,667 SH   SOLE   691,667 0 0
IDT CORP CL B COM 448847309 6,809,185 642,376 SH   SOLE   642,376 0 0
IDW MEDIA COM 44951N106 3,614,588 78,578 SH   SOLE   78,578 0 0
MERCK COM 589331107 51,723,902 919,209 SH   SOLE   919,209 0 0
MBIA COM 55262C100 33,599,005 4,590,028 SH   SOLE   4,590,028 0 0
NAM TAI PPTY COM G63907102 23,283,450 1,855,255 SH   SOLE   1,855,255 0 0
NAVIENT COM 63938C108 710,769 53,316 SH   SOLE   53,316 0 0
NEW YORK COMMUNITY COM 649445103 24,743,045 1,900,387 SH   SOLE   1,900,387 0 0
NOVARTIS ADR COM 66987V109 2,234,176 26,610 SH   SOLE   26,610 0 0
NY TIMES CL A COM 650111107 53,787,752 2,907,446 SH   SOLE   2,907,446 0 0
OLD REPUBLIC COM 680223104 1,026,240 48,000 SH   SOLE   48,000 0 0
PFIZER COM 717081103 20,087,829 554,606 SH   SOLE   554,606 0 0
PATTERSON ENERGY COM 703481101 32,030,196 1,392,012 SH   SOLE   1,392,012 0 0
SEABOARD CORP COM 811543107 34,569,990 7,839 SH   SOLE   7,839 0 0
STRAIGHT PATH COMM COM 862578101 3,263,131 17,950 SH   SOLE   17,950 0 0
STERLING BANCORP COM 85917A100 21,937,025 891,749 SH   SOLE   891,749 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,728,497 968,129 SH   SOLE   968,129 0 0
VOXX INTERNATIONAL COM 91829F104 20,598,059 3,678,225 SH   SOLE   3,678,225 0 0
ZEDGE INC. COM 98923T104 381,622 138,807 SH   SOLE   138,807 0 0