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 394,728 12,587 SH   SOLE   12,587 0 0
ASSURED GUARANTY COM G0585R106 55,071,874 1,239,520 SH   SOLE   1,239,520 0 0
BANK OF AMERICA COM 060505104 333,784 12,098 SH   SOLE   12,098 0 0
BP PLC COM 055622104 59,939,988 1,370,997 SH   SOLE   1,370,997 0 0
BRISTOL MYERS SQUIBB COM 110122108 24,062,538 504,350 SH   SOLE   504,350 0 0
BLACKBERRY COM 09228F103 46,028,815 4,561,825 SH   SOLE   4,561,825 0 0
CITIGROUP COM 172967101 57,281,426 920,627 SH   SOLE   920,627 0 0
CHEVRONTEXACO COM 166764100 510,951 4,148 SH   SOLE   4,148 0 0
COMCAST CL A COM 20030N101 65,807 1,664 SH   SOLE   1,664 0 0
CREW ENERGY COM 226533107 6,315 7,500 SH   SOLE   7,500 0 0
EXXON MOBILE COM 30231G102 1,581,579 19,574 SH   SOLE   19,574 0 0
GENIE ENERGY COM 903514344 3,325,829 391,274 SH   SOLE   391,274 0 0
GLAXOSMITHKLINE COM 37733W105 53,347,024 1,276,550 SH   SOLE   1,276,550 0 0
HOLOGIC COM 436440101 16,477,490 340,444 SH   SOLE   340,444 0 0
IDT CORP CL B COM 448847309 4,190,862 631,154 SH   SOLE   631,154 0 0
IDW MEDIA COM 44951N106 1,810,050 72,722 SH   SOLE   72,722 0 0
MERCK COM 589331107 69,146,317 831,385 SH   SOLE   831,385 0 0
MBIA COM 55262C100 42,006,829 4,412,482 SH   SOLE   4,412,482 0 0
NAM TAI PPTY COM G63907102 18,486,529 1,876,529 SH   SOLE   1,876,805 0 0
NAVIENT COM 63938C108 294,526 25,456 SH   SOLE   25,456 0 0
NEW YORK COMMUNITY COM 649445103 49,599,798 4,286,931 SH   SOLE   4,286,931 0 0
NOVARTIS ADR COM 66987V109 2,186,608 22,744 SH   SOLE   22,744 0 0
NY TIMES CL A COM 650111107 22,092,019 672,512 SH   SOLE   672,512 0 0
OLD REPUBLIC COM 680223104 1,022,988 48,900 SH   SOLE   48,900 0 0
PFIZER COM 717081103 22,661,525 533,589 SH   SOLE   533,589 0 0
PATTERSON ENERGY COM 703481101 23,961,988 1,709,129 SH   SOLE   1,709,129 0 0
RAFAEL HOLDING COM 75062E106 3,947,243 312,035 SH   SOLE   312,035 0 0
SEABOARD CORP COM 811543107 31,385,427 7,325 SH   SOLE   7,325 0 0
STERLING BANCORP COM 85917A100 8,430,987 452,549 SH   SOLE   452,549 0 0
TRINITY PLACE HOLDINGS COM 89656D101 3,806,928 951,732 SH   SOLE   951,732 0 0
VOXX INTERNATIONAL COM 91829F104 16,344,437 3,537,757 SH   SOLE   3,537,757 0 0
ZEDGE INC. COM 98923T104 236,273 132,738 SH   SOLE   132,738 0 0