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
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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
AT&T Inc. Com 00206R102 604 17,977 SH   SOLE   0 0 17,977
AbbVie Inc. Com 00287y109 221 3,379 SH   SOLE   0 0 3,379
Agnico-Eagle Mines Ltd. Com 008474108 443 17,800 SH   SOLE   0 0 17,800
Allegheny Technologies Inc. Com 01741r102 25,692 738,902 SH   SOLE   0 0 738,902
Anadarko Petroleum Corp. Com 032511107 377 4,567 SH   SOLE   0 0 4,567
Apple Computer Inc. Com 037833100 1,024 9,280 SH   SOLE   0 0 9,280
Arrow Electronics Inc. Com 042735100 9,303 160,696 SH   SOLE   0 0 160,696
Associated Banc Corp. Com 045487105 258 13,867 SH   SOLE   0 0 13,867
Baker Hughes Inc. Com 057224107 17,004 303,269 SH   SOLE   0 0 303,269
Bank of America Com 060505104 24,970 1,395,735 SH   SOLE   0 0 1,395,735
Berkley W R Corp. Com 084423102 1,639 31,968 SH   SOLE   0 0 31,968
Berkshire Hathaway Cl B Com 084670702 259 1,726 SH   SOLE   0 0 1,726
Biogen Idec Inc. Com 09062X103 236 696 SH   SOLE   0 0 696
Boulder Brands Inc. Com 101405108 254 23,000 SH   SOLE   0 0 23,000
Briggs & Stratton Corp. Com 109043109 11,069 542,075 SH   SOLE   0 0 542,075
Capstone Turbine Corp. Com 14067D102 192 260,008 SH   SOLE   0 0 260,008
Carnival Corp Com 143658300 15,294 337,400 SH   SOLE   0 0 337,400
Charles Schwab Corp. Com 808513105 258 8,550 SH   SOLE   0 0 8,550
Chataqua Partners LLC Com 1428198 1,856 1,856,212 SH   SOLE   0 0 1,856,212
Cisco Systems Com 17275r102 2,534 91,117 SH   SOLE   0 0 91,117
Citigroup Inc. Com 172967424 24,339 449,804 SH   SOLE   0 0 449,804
Coastal South Bankshares Com 190545103 18 11,850 SH   SOLE   0 0 11,850
Colgate-Palmolive Co. Com 194162103 304 4,400 SH   SOLE   0 0 4,400
Cumulus Media Inc. Com 231082108 44 10,450 SH   SOLE   0 0 10,450
Disney Walt Hldg. Co. Com 254687106 205 2,172 SH   SOLE   0 0 2,172
Eaton Corp. Com 278058102 340 5,000 SH   SOLE   0 0 5,000
Eli Lilly & Co. Com 532457108 415 6,013 SH   SOLE   0 0 6,013
Emerson Electric Co. Com 291011104 309 5,000 SH   SOLE   0 0 5,000
Exxon Mobil Corp. Com 30231g102 2,109 22,817 SH   SOLE   0 0 22,817
Facebook, Inc. Com 30303M102 453 5,810 SH   SOLE   0 0 5,810
Fastenal Company Com 311900104 609 12,800 SH   SOLE   0 0 12,800
Finish Line Com 317923100 9,903 407,375 SH   SOLE   0 0 407,375
Fiserv Inc. Com 337738108 823 11,600 SH   SOLE   0 0 11,600
General Electric Co. Com 369604103 19,953 789,591 SH   SOLE   0 0 789,591
General Motors Corp. Com 37045v100 27,202 779,202 SH   SOLE   0 0 779,202
Geron Corp. Com 374163103 65 20,000 SH   SOLE   0 0 20,000
GoldenTree Offshore Cl C Exemp Com 2071622 625 205 SH   SOLE   0 0 205
Goldentree Offshore C 5 F Com 2071621 582 409 SH   SOLE   0 0 409
Goodrich Pete Corp. Com 382410405 89 20,000 SH   SOLE   0 0 20,000
Halliburton Co. Com 406216101 323 8,200 SH   SOLE   0 0 8,200
Hanesbrands Inc. Com 410345102 909 8,140 SH   SOLE   0 0 8,140
IBM Com 459200101 679 4,232 SH   SOLE   0 0 4,232
Intel Corp. Com 458140100 438 12,083 SH   SOLE   0 0 12,083
Interpublic Group Companies Com 460690100 12,389 596,491 SH   SOLE   0 0 596,491
J P Morgan Chase Com 46625H100 24,168 386,192 SH   SOLE   0 0 386,192
Johnson & Johnson Com 478160104 933 8,919 SH   SOLE   0 0 8,919
Johnson Controls Inc. Com 478366107 22,614 467,807 SH   SOLE   0 0 467,807
Journal Comm. CL'A Com 481130102 148 12,988 SH   SOLE   0 0 12,988
Ladenburg Thalmann Com 50575q102 682 172,747 SH   SOLE   0 0 172,747
MGIC Investment Corp. Com 552848103 2,715 291,359 SH   SOLE   0 0 291,359
McDonalds Corp. Com 580135101 480 5,122 SH   SOLE   0 0 5,122
Merck & Company Com 58933y105 404 7,118 SH   SOLE   0 0 7,118
Metlife Inc. Com 59156R108 23,501 434,488 SH   SOLE   0 0 434,488
Modine Manufacturing Co. Com 607828100 14,439 1,061,725 SH   SOLE   0 0 1,061,725
Options Media Group Com 684008105 0 20,000 SH   SOLE   0 0 20,000
Orion Energy System Inc. Com 686275108 88 16,040 SH   SOLE   0 0 16,040
Owens-Illinois Inc. Com 690768403 19,773 732,599 SH   SOLE   0 0 732,599
Patterson UTI Energy Com 703481101 264 15,912 SH   SOLE   0 0 15,912
Penn VA Corp. Com 707882106 67 10,000 SH   SOLE   0 0 10,000
Pentair Ltd. Com 709631105 288 4,340 SH   SOLE   0 0 4,340
Pepsico Inc. Com 713448108 697 7,370 SH   SOLE   0 0 7,370
Pfizer Inc. Com 717081103 790 25,349 SH   SOLE   0 0 25,349
Procter & Gamble Co. Com 742718109 337 3,705 SH   SOLE   0 0 3,705
Proshares Tr Pshs Shrt S&P 500 Com 74347r503 612 28,100 SH   SOLE   0 0 28,100
Protide Pharmaceutical Com 74371a103 0 10,000 SH   SOLE   0 0 10,000
Range Resources Corp. Com 75281a109 11,273 210,912 SH   SOLE   0 0 210,912
Sabine Oil & Gas Corp. Com 78532p107 7 30,000 SH   SOLE   0 0 30,000
Schlumberger Ltd. Com 806857108 543 6,352 SH   SOLE   0 0 6,352
Sealed Air Corp. Com 81211k100 995 23,462 SH   SOLE   0 0 23,462
Sigma Aldrich Corp. Com 826552101 275 2,000 SH   SOLE   0 0 2,000
State Street Corp. Com 857477103 203 2,585 SH   SOLE   0 0 2,585
Target Corp. Com 87612e106 16,780 221,050 SH   SOLE   0 0 221,050
US Bancorp Com 902973304 6,774 150,693 SH   SOLE   0 0 150,693
Union Pacific Corp. Com 907818108 2,387 20,035 SH   SOLE   0 0 20,035
Verizon Communications Com 92343v104 337 7,196 SH   SOLE   0 0 7,196
Wal Mart Stores Inc. Com 931142103 333 3,877 SH   SOLE   0 0 3,877
Walgreens Boots Alliance Inc. Com 931422109 831 10,900 SH   SOLE   0 0 10,900
Weatherford Intl. Inc. Com G48833100 13,279 1,159,700 SH   SOLE   0 0 1,159,700
Wells Fargo & Co. Com 949746101 3,834 69,930 SH   SOLE   0 0 69,930