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 504,994 15,070 SH   SOLE   15,070 0 0
ASSURED GUARANTY COM G0585R106 65,916,216 1,566,450 SH   SOLE   1,566,450 0 0
ALCON COM H01301128 318,529 5,151 SH   SOLE   5,151 0 0
BANK OF AMERICA COM 060505104 412,844 14,216 SH   SOLE   14,216 0 0
BP PLC COM 055622104 69,810,137 1,674,104 SH   SOLE   1,674,104 0 0
BRISTOL MYERS SQUIBB COM 110122108 46,178,998 1,018,280 SH   SOLE   1,018,280 0 0
BLACKBERRY COM 09228F103 41,505,127 5,563,690 SH   SOLE   5,563,690 0 0
BERKSHIRE HATHAWAY COM 084670702 682,144 3,200 SH   SOLE   3,200 0 0
CITIGROUP COM 172967101 77,263,471 1,103,291 SH   SOLE   1,103,291 0 0
CHEVRONTEXACO COM 166764100 569,437 4,576 SH   SOLE   4,576 0 0
COMCAST CL A COM 20030N101 254,102 6,010 SH   SOLE   6,010 0 0
CREW ENERGY COM 226533107 121,166 189,500 SH   SOLE   189,500 0 0
COAL CREEK MINING COM 190072108 329,305 983 SH   SOLE   983 0 0
CON EDISON COM 209115104 146,776 1,674 SH   SOLE   1,674 0 0
EXXON MOBILE COM 30231G102 1,453,978 18,974 SH   SOLE   18,974 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,648,020 6,810 SH   SOLE   6,810 0 0
GENIE ENERGY COM 903514344 4,890,820 459,232 SH   SOLE   459,232 0 0
GLACIER BANCORP COM 37637Q105 748,553 18,460 SH   SOLE   18,460 0 0
GLAXOSMITHKLINE COM 37733W105 64,232,661 1,605,014 SH   SOLE   1,605,014 0 0
HOLOGIC COM 436440101 16,312,490 339,702 SH   SOLE   339,702 0 0
HOPE BANCORP COM 43940T109 439,858 31,920 SH   SOLE   31,920 0 0
IDT CORP CL B COM 448847309 6,636,047 871,349 SH   SOLE   871,349 0 0
IDW MEDIA COM 44951N106 1,792,587 96,949 SH   SOLE   96,949 0 0
LIFEWAY FOODS COM 531914109 36,400 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 89,477,283 10,671,111 SH   SOLE   1,067,111 0 0
MBIA COM 55262C100 52,273,192 5,614,736 SH   SOLE   5,614,736 0 0
NAM TAI PPTY COM G63907102 21,768,874 2,232,705 SH   SOLE   2,232,705 0 0
NAVIENT COM 63938C108 347,474 25,456 SH   SOLE   25,456 0 0
NEW YORK COMMUNITY COM 649445103 54,569,279 5,467,791 SH   SOLE   5,467,791 0 0
NOVARTIS ADR COM 66987V109 2,353,333 25,773 SH   SOLE   25,773 0 0
NY TIMES CL A COM 650111107 15,405,513 472,272 SH   SOLE   472,272 0 0
ORANGE COUNTY BANCORP COM 68417L107 434,764 16,400 SH   SOLE   16,400 0 0
PFIZER COM 717081103 34,916,613 806,016 SH   SOLE   806,016 0 0
PATTERSON ENERGY COM 703481101 22,669,060 1,969,510 SH   SOLE   1,969,510 0 0
RAFAEL HOLDING COM 75062E106 12,417,729 431,921 SH   SOLE   431,921 0 0
SB ONE BANC COM 78413T103 452,476 20,245 SH   SOLE   20,245 0 0
SEABOARD CORP COM 811543107 54,811,805 13,250 SH   SOLE   13,250 0 0
STERLING BANCORP COM 85917A100 11,120,800 522,594 SH   SOLE   522,594 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,366,875 1,611,867 SH   SOLE   1,611,867 0 0
VERIZON COM 92343V104 477,721 8,362 SH   SOLE   8,362 0 0
VIEWRAY COM 92672L107 991,125 112,500 SH   SOLE   112,500 0 0
VALHI COM 918905100 30,792 10,368 SH   SOLE   10,368 0 0
VOXX INTERNATIONAL COM 91829F104 16,504,991 3,967,546 SH   SOLE   3,967,546 0 0
ZEDGE INC. COM 98923T104 277,746 168,331 SH   SOLE   168,331 0 0