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
AFLAC Inc. COM 001055102 5,878 129,010 SH   SOLE   129,010 0 0
AGCO Corp COM 001084102 261 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 995 34,862 SH   SOLE   34,862 0 0
AbbVie, Inc. COM 00287y109 2,459 26,675 SH   SOLE   26,675 0 0
Abbott Laboratories COM 002824100 7,259 100,358 SH   SOLE   100,358 0 0
Adobe Systems Inc COM 00724F101 217 957 SH   SOLE   957 0 0
Alaska Air Group Inc. COM 011659109 768 12,615 SH   SOLE   12,615 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 233 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 2,751 2,633 SH   SOLE   2,633 0 0
Altria Group Inc. COM 02209s103 7,485 151,554 SH   SOLE   151,554 0 0
American Express Co. COM 025816109 868 9,108 SH   SOLE   9,108 0 0
American International Group COM 026874784 4,153 105,389 SH   SOLE   105,389 0 0
Ameriprise Financial Inc. COM 03076c106 294 2,818 SH   SOLE   2,818 0 0
Amgen Inc. COM 031162100 1,189 6,108 SH   SOLE   6,108 0 0
Anthem, Inc. COM 036752103 12,989 49,459 SH   SOLE   49,459 0 0
Apple, Inc. COM 037833100 1,211 7,675 SH   SOLE   7,675 0 0
Automatic Data Processing COM 053015103 1,249 9,522 SH   SOLE   9,522 0 0
Bank of America Corp COM 060505104 8,316 337,494 SH   SOLE   337,494 0 0
Bank of New York Mellon Corp COM 064058100 12,441 264,304 SH   SOLE   264,304 0 0
Becton Dickinson & Co COM 075887109 4,737 21,025 SH   SOLE   21,025 0 0
Berkshire Hathaway Inc. Class COM 084670108 306 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 5,014 24,555 SH   SOLE   24,555 0 0
Biogen Inc. COM 09062x103 7,871 26,157 SH   SOLE   26,157 0 0
Boeing Company COM 097023105 4,063 12,599 SH   SOLE   12,599 0 0
Bristol Myers Squibb Co. COM 110122108 366 7,044 SH   SOLE   7,044 0 0
CDK Global, Inc. COM 12508e101 202 4,224 SH   SOLE   4,224 0 0
CVS Health Corp. COM 126650100 5,471 83,495 SH   SOLE   83,495 0 0
Caterpillar Inc. COM 149123101 521 4,102 SH   SOLE   4,102 0 0
Celanese Corp COM 150870103 2,711 30,135 SH   SOLE   30,135 0 0
Central Pacific Financial Co COM 154760409 2,553 104,847 SH   SOLE   104,847 0 0
CenturyLink Inc. COM 156700106 732 48,300 SH   SOLE   48,300 0 0
Cerner Corporation COM 156782104 4,583 87,390 SH   SOLE   87,390 0 0
Chevron Corp. COM 166764100 2,609 23,984 SH   SOLE   23,984 0 0
Cigna Corp COM 125523100 4,062 21,390 SH   SOLE   21,390 0 0
Cisco Sys Inc. COM 17275R102 1,825 42,116 SH   SOLE   42,116 0 0
Citigroup Inc. COM 172967424 4,110 78,945 SH   SOLE   78,945 0 0
Coca-Cola Company COM 191216100 5,849 123,529 SH   SOLE   123,529 0 0
Cognizant Technology Solutions COM 192446102 2,422 38,148 SH   SOLE   38,148 0 0
Comcast Corp Cl A COM 20030n101 3,625 106,456 SH   SOLE   106,456 0 0
ConAgra Foods Inc. COM 205887102 715 33,485 SH   SOLE   33,485 0 0
ConocoPhillips COM 20825c104 1,896 30,410 SH   SOLE   30,410 0 0
Corning Inc COM 219350105 5,391 178,451 SH   SOLE   178,451 0 0
Costco Wholesale Corp COM 22160k105 1,992 9,778 SH   SOLE   9,778 0 0
DR Horton, Inc COM 23331a109 898 25,900 SH   SOLE   25,900 0 0
Delta Airlines - New COM 247361702 682 13,670 SH   SOLE   13,670 0 0
Discovery,Inc. Series A COM 25470f104 5,252 212,283 SH   SOLE   212,283 0 0
DowDuPont Inc. COM 26078j100 9,252 173,000 SH   SOLE   173,000 0 0
Dunkin Brands Group, Inc. COM 265504100 258 4,025 SH   SOLE   4,025 0 0
Exxon Mobil Corp COM 30231G102 951 13,945 SH   SOLE   13,945 0 0
Facebook, Inc. COM 30303m102 1,426 10,875 SH   SOLE   10,875 0 0
Fedex Corp COM 31428X106 2,120 13,140 SH   SOLE   13,140 0 0
Franklin Resources Inc. COM 354613101 4,155 140,103 SH   SOLE   140,103 0 0
GAMCO Investors Inc. COM 361438104 169 10,000 SH   SOLE   10,000 0 0
Gates Industrial Corporation P COM g39108108 150 11,357 SH   SOLE   11,357 0 0
General Electric Co. COM 369604103 167 22,104 SH   SOLE   22,104 0 0
General Mills COM 370334104 216 5,546 SH   SOLE   5,546 0 0
General Motors Company COM 37045v100 1,161 34,699 SH   SOLE   34,699 0 0
Gilead Sciences Inc. COM 375558103 638 10,205 SH   SOLE   10,205 0 0
H & R Block Inc. COM 093671105 1,703 67,127 SH   SOLE   67,127 0 0
HP Inc. COM 40434L105 283 13,848 SH   SOLE   13,848 0 0
Hewlett Packard Enterprise Co. COM 42824c109 198 14,965 SH   SOLE   14,965 0 0
Home Depot Inc. COM 437076102 4,747 27,626 SH   SOLE   27,626 0 0
Intel Corp. COM 458140100 1,240 26,424 SH   SOLE   26,424 0 0
Interpublic Group COM 460690100 217 10,538 SH   SOLE   10,538 0 0
IsoRay, Inc. COM 46489v104 4 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,207 12,908 SH   SOLE   12,908 0 0
Johnson & Johnson COM 478160104 12,502 96,880 SH   SOLE   96,880 0 0
Keurig Dr. Pepper Inc. COM 49271v100 511 19,913 SH   SOLE   19,913 0 0
Kroger Co. COM 501044101 10,914 396,888 SH   SOLE   396,888 0 0
Lamb Weston Holdings COM 513272104 1,197 16,274 SH   SOLE   16,274 0 0
Legg Mason Inc. COM 524901105 388 15,220 SH   SOLE   15,220 0 0
Lincoln Educational COM 533535100 633 197,668 SH   SOLE   197,668 0 0
Lloyds TSB Group COM 539439109 100 39,000 SH   SOLE   39,000 0 0
Lowes Companies COM 548661107 3,355 36,320 SH   SOLE   36,320 0 0
Manitex Intl COM 563420108 1,139 200,581 SH   SOLE   200,581 0 0
ManpowerGroup Inc. COM 56418h100 308 4,750 SH   SOLE   4,750 0 0
Marsh & McLennan Co. COM 571748102 2,998 37,587 SH   SOLE   37,587 0 0
Mastercard Inc. COM 57636q104 10,676 56,590 SH   SOLE   56,590 0 0
McDonalds Corp COM 580135101 2,429 13,680 SH   SOLE   13,680 0 0
Merck & Co.Inc. New COM 58933y105 10,090 132,056 SH   SOLE   132,056 0 0
Microsoft Corp. COM 594918104 14,401 141,785 SH   SOLE   141,785 0 0
Molson Coors Brewing Co COM 60871r209 6,075 108,164 SH   SOLE   108,164 0 0
Mondelez International, Inc. COM 609207105 1,613 40,305 SH   SOLE   40,305 0 0
Monster Beverage Corp. COM 61174x109 1,713 34,800 SH   SOLE   34,800 0 0
Nike Inc Class B COM 654106103 1,201 16,200 SH   SOLE   16,200 0 0
Oracle Corp COM 68389X105 5,306 117,512 SH   SOLE   117,512 0 0
Paychex Inc. COM 704326107 2,940 45,125 SH   SOLE   45,125 0 0
Pepsico Inc. COM 713448108 12,217 110,583 SH   SOLE   110,583 0 0
Pfizer Inc. COM 717081103 3,146 72,080 SH   SOLE   72,080 0 0
Philip Morris International COM 718172109 13,942 208,836 SH   SOLE   208,836 0 0
Phillips 66 COM 718546104 1,455 16,886 SH   SOLE   16,886 0 0
Procter & Gamble Co. COM 742718109 3,137 34,132 SH   SOLE   34,132 0 0
Pyxus International Inc. COM 74737v106 181 15,260 SH   SOLE   15,260 0 0
Quest Diagnostics Inc. COM 74834L100 3,270 39,270 SH   SOLE   39,270 0 0
Raytheon Company COM 755111507 1,917 12,500 SH   SOLE   12,500 0 0
RumbleOn, Inc. COM 781386206 143 26,509 SH   SOLE   26,509 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,787 104,786 SH   SOLE   104,786 0 0
Starbucks Corp COM 855244109 751 11,668 SH   SOLE   11,668 0 0
Tapestry Inc. COM 876030107 331 9,795 SH   SOLE   9,795 0 0
The Kraft Heinz Company COM 500754106 569 13,215 SH   SOLE   13,215 0 0
The Mosaic Company COM 61945c103 1,535 52,556 SH   SOLE   52,556 0 0
The Travelers Companies Inc. COM 89417e109 8,355 69,774 SH   SOLE   69,774 0 0
The Walt Disney Co. COM 254687106 1,023 9,332 SH   SOLE   9,332 0 0
Twenty-First Century Fox Cl A COM 90130a101 953 19,809 SH   SOLE   19,809 0 0
US Bancorp Delaware New COM 902973304 579 12,660 SH   SOLE   12,660 0 0
Union Pacific Corp COM 907818108 1,556 11,259 SH   SOLE   11,259 0 0
United Parcel Service Inc. COM 911312106 2,557 26,221 SH   SOLE   26,221 0 0
UnitedHealth Group Inc. COM 91324p102 22,326 89,619 SH   SOLE   89,619 0 0
Unum Group COM 91529y106 2,202 74,965 SH   SOLE   74,965 0 0
Valero Energy Corp. COM 91913y100 4,796 63,976 SH   SOLE   63,976 0 0
Value Line Inc. COM 920437100 201 7,740 SH   SOLE   7,740 0 0
Verizon Communications COM 92343V104 1,992 35,434 SH   SOLE   35,434 0 0
Viacom Inc. Class B COM 92553p201 576 22,395 SH   SOLE   22,395 0 0
Visa, Inc. COM 92826c839 5,835 44,228 SH   SOLE   44,228 0 0
Waddell & Reed Financial COM 930059100 449 24,808 SH   SOLE   24,808 0 0
Wal Mart Stores COM 931142103 5,432 58,312 SH   SOLE   58,312 0 0
Washington Federal COM 938824109 1,283 48,048 SH   SOLE   48,048 0 0
Weight Watchers Intl. Inc. COM 948626106 600 15,557 SH   SOLE   15,557 0 0
Wells Fargo & Co. COM 949746101 1,464 31,760 SH   SOLE   31,760 0 0
Western Union Company COM 959802109 860 50,406 SH   SOLE   50,406 0 0
Weyerhaeuser Co. COM 962166104 281 12,852 SH   SOLE   12,852 0 0
Yum! Brands, Inc. COM 988498101 1,208 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 8,965 86,439 SH   SOLE   86,439 0 0
Alkermes PLC FOR g01767105 816 27,651 SH   SOLE   27,651 0 0
Allegion PLC FOR g0176j109 293 3,670 SH   SOLE   3,670 0 0
Allergan PLC FOR g0177j108 1,138 8,515 SH   SOLE   8,515 0 0
America Movil ADR FOR 02364W105 4,996 350,569 SH   SOLE   350,569 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,366 172,864 SH   SOLE   172,864 0 0
BP p.l.c. FOR 055622104 8,225 216,904 SH   SOLE   216,904 0 0
British American Tobacco FOR 110448107 1,993 62,550 SH   SOLE   62,550 0 0
Colliers International Group FOR 194693107 394 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,370 218,243 SH   SOLE   218,243 0 0
Diageo PLC ADR FOR 25243q205 1,989 14,024 SH   SOLE   14,024 0 0
FirstService Corp Voting Share FOR 33767e103 507 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,353 61,582 SH   SOLE   61,582 0 0
Ingersoll Rand Co FOR g47791101 958 10,500 SH   SOLE   10,500 0 0
LyondellBasell Industries N.V. FOR n53745100 6,019 72,378 SH   SOLE   72,378 0 0
Medtronic PLC FOR g5960L103 13,749 151,158 SH   SOLE   151,158 0 0
Nokia Corp Sponsored ADR FOR 654902204 76 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,101 18,903 SH   SOLE   18,903 0 0
SK Telecom ADR FOR 78440p108 245 9,158 SH   SOLE   9,158 0 0
Taiwan Semiconductor Manufactu FOR 874039100 203 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 3,348 395,688 SH   SOLE   395,688 0 0
Textainer Group Holdings Limit FOR g8766e109 895 89,825 SH   SOLE   89,825 0 0
Unilever NV New York Shs FOR 904784709 5,373 99,878 SH   SOLE   99,878 0 0
Yum China Holdings, Inc. FOR 98850p109 447 13,337 SH   SOLE   13,337 0 0