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 6,961 127,010 SH   SOLE   127,010 0 0
AGCO Corp COM 001084102 363 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 1,288 38,437 SH   SOLE   38,437 0 0
AbbVie, Inc. COM 00287y109 2,083 28,650 SH   SOLE   28,650 0 0
Abbott Laboratories COM 002824100 8,190 97,380 SH   SOLE   97,380 0 0
Adobe Systems Inc COM 00724F101 282 957 SH   SOLE   957 0 0
Alaska Air Group Inc. COM 011659109 784 12,265 SH   SOLE   12,265 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 243 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 4,083 3,771 SH   SOLE   3,771 0 0
Altria Group Inc. COM 02209s103 7,456 157,464 SH   SOLE   157,464 0 0
Amazon.com, Inc. COM 023135106 229 121 SH   SOLE   121 0 0
American Express Co. COM 025816109 1,124 9,108 SH   SOLE   9,108 0 0
American International Group COM 026874784 5,532 103,837 SH   SOLE   103,837 0 0
Ameriprise Financial Inc. COM 03076c106 687 4,733 SH   SOLE   4,733 0 0
Amgen Inc. COM 031162100 1,126 6,108 SH   SOLE   6,108 0 0
Anthem, Inc. COM 036752103 13,630 48,299 SH   SOLE   48,299 0 0
Apple, Inc. COM 037833100 1,855 9,375 SH   SOLE   9,375 0 0
Automatic Data Processing COM 053015103 1,574 9,522 SH   SOLE   9,522 0 0
Bank of America Corp COM 060505104 9,909 341,676 SH   SOLE   341,676 0 0
Bank of New York Mellon Corp COM 064058100 11,639 263,634 SH   SOLE   263,634 0 0
Becton Dickinson & Co COM 075887109 5,299 21,025 SH   SOLE   21,025 0 0
Berkshire Hathaway Inc. Class COM 084670108 318 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 5,368 25,180 SH   SOLE   25,180 0 0
Biogen Inc. COM 09062x103 6,365 27,217 SH   SOLE   27,217 0 0
Boeing Company COM 097023105 5,489 15,079 SH   SOLE   15,079 0 0
Booking Holdings Inc. COM 09857L108 4,432 2,364 SH   SOLE   2,364 0 0
Bristol Myers Squibb Co. COM 110122108 268 5,919 SH   SOLE   5,919 0 0
CDK Global, Inc. COM 12508e101 207 4,192 SH   SOLE   4,192 0 0
CVS Health Corp. COM 126650100 4,781 87,737 SH   SOLE   87,737 0 0
Caterpillar Inc. COM 149123101 556 4,077 SH   SOLE   4,077 0 0
Celanese Corp COM 150870103 3,249 30,135 SH   SOLE   30,135 0 0
Central Pacific Financial Co COM 154760409 3,141 104,847 SH   SOLE   104,847 0 0
CenturyLink Inc. COM 156700106 546 46,400 SH   SOLE   46,400 0 0
Cerner Corporation COM 156782104 6,369 86,890 SH   SOLE   86,890 0 0
Chevron Corp. COM 166764100 3,052 24,522 SH   SOLE   24,522 0 0
Cigna Corp COM 125523100 3,484 22,113 SH   SOLE   22,113 0 0
Cisco Sys Inc. COM 17275R102 2,379 43,466 SH   SOLE   43,466 0 0
Citigroup Inc. COM 172967424 5,548 79,219 SH   SOLE   79,219 0 0
Coca-Cola Company COM 191216100 6,073 119,256 SH   SOLE   119,256 0 0
Cognizant Technology Solutions COM 192446102 2,390 37,698 SH   SOLE   37,698 0 0
Comcast Corp Cl A COM 20030n101 4,486 106,106 SH   SOLE   106,106 0 0
Compass Minerals Intl. COM 20451n101 201 3,665 SH   SOLE   3,665 0 0
ConAgra Foods Inc. COM 205887102 729 27,475 SH   SOLE   27,475 0 0
ConocoPhillips COM 20825c104 1,862 30,519 SH   SOLE   30,519 0 0
Corning Inc COM 219350105 5,727 172,351 SH   SOLE   172,351 0 0
Corteva, Inc. COM 22052L104 1,718 58,091 SH   SOLE   58,091 0 0
Costco Wholesale Corp COM 22160k105 2,597 9,829 SH   SOLE   9,829 0 0
Cypress Semiconductor COM 232806109 305 13,725 SH   SOLE   13,725 0 0
DR Horton, Inc COM 23331a109 735 17,050 SH   SOLE   17,050 0 0
Delta Airlines - New COM 247361702 760 13,400 SH   SOLE   13,400 0 0
Digital Realty Trust COM 253868103 200 1,700 SH   SOLE   1,700 0 0
Discovery,Inc. Series A COM 25470f104 6,432 209,522 SH   SOLE   209,522 0 0
Discovery,Inc. Series C COM 25470F302 239 8,391 SH   SOLE   8,391 0 0
Dow Inc. COM 260557103 2,870 58,196 SH   SOLE   58,196 0 0
DuPont de Nemours, Inc COM 26614n102 4,366 58,154 SH   SOLE   58,154 0 0
Dunkin Brands Group, Inc. COM 265504100 321 4,025 SH   SOLE   4,025 0 0
Exxon Mobil Corp COM 30231G102 1,101 14,361 SH   SOLE   14,361 0 0
Facebook, Inc. COM 30303m102 2,066 10,705 SH   SOLE   10,705 0 0
Fastenal Co. COM 311900104 215 6,600 SH   SOLE   6,600 0 0
Fedex Corp COM 31428X106 2,533 15,430 SH   SOLE   15,430 0 0
Ford Motor Co.- New COM 345370860 116 11,337 SH   SOLE   11,337 0 0
Fox Corporation Class A COM 35137L105 233 6,372 SH   SOLE   6,372 0 0
Franklin Resources Inc. COM 354613101 4,717 135,553 SH   SOLE   135,553 0 0
GAMCO Investors Inc. COM 361438104 192 10,000 SH   SOLE   10,000 0 0
Gates Industrial Corporation P COM g39108108 232 20,357 SH   SOLE   20,357 0 0
General Electric Co. COM 369604103 248 23,604 SH   SOLE   23,604 0 0
General Mills COM 370334104 291 5,546 SH   SOLE   5,546 0 0
General Motors Company COM 37045v100 1,329 34,499 SH   SOLE   34,499 0 0
Gilead Sciences Inc. COM 375558103 679 10,050 SH   SOLE   10,050 0 0
H & R Block Inc. COM 093671105 1,963 67,002 SH   SOLE   67,002 0 0
HP Inc. COM 40434L105 282 13,543 SH   SOLE   13,543 0 0
Hewlett Packard Enterprise Co. COM 42824c109 224 14,965 SH   SOLE   14,965 0 0
Home Depot Inc. COM 437076102 5,725 27,526 SH   SOLE   27,526 0 0
Intel Corp. COM 458140100 1,586 33,131 SH   SOLE   33,131 0 0
Interpublic Group COM 460690100 232 10,268 SH   SOLE   10,268 0 0
IsoRay, Inc. COM 46489v104 6 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,409 12,233 SH   SOLE   12,233 0 0
Johnson & Johnson COM 478160104 13,079 93,905 SH   SOLE   93,905 0 0
Keurig Dr. Pepper Inc. COM 49271v100 440 15,223 SH   SOLE   15,223 0 0
Kroger Co. COM 501044101 8,566 394,563 SH   SOLE   394,563 0 0
Laboratory Corp. of America COM 50540r409 250 1,445 SH   SOLE   1,445 0 0
Lamb Weston Holdings COM 513272104 965 15,224 SH   SOLE   15,224 0 0
Legg Mason Inc. COM 524901105 269 7,020 SH   SOLE   7,020 0 0
Lincoln Educational COM 533535100 457 197,668 SH   SOLE   197,668 0 0
Lloyds TSB Group COM 539439109 111 39,000 SH   SOLE   39,000 0 0
Lowes Companies COM 548661107 3,660 36,270 SH   SOLE   36,270 0 0
Manitex Intl COM 563420108 1,216 198,981 SH   SOLE   198,981 0 0
ManpowerGroup Inc. COM 56418h100 449 4,650 SH   SOLE   4,650 0 0
Marsh & McLennan Co. COM 571748102 3,737 37,462 SH   SOLE   37,462 0 0
Mastercard Inc. COM 57636q104 14,970 56,590 SH   SOLE   56,590 0 0
McDonalds Corp COM 580135101 2,763 13,305 SH   SOLE   13,305 0 0
Merck & Co.Inc. New COM 58933y105 10,731 127,981 SH   SOLE   127,981 0 0
Microsoft Corp. COM 594918104 17,366 129,635 SH   SOLE   129,635 0 0
Molson Coors Brewing Co COM 60871r209 6,040 107,864 SH   SOLE   107,864 0 0
Mondelez International, Inc. COM 609207105 2,124 39,410 SH   SOLE   39,410 0 0
Monster Beverage Corp. COM 61174x109 2,221 34,800 SH   SOLE   34,800 0 0
Nike Inc Class B COM 654106103 1,394 16,600 SH   SOLE   16,600 0 0
Oracle Corp COM 68389X105 6,692 117,462 SH   SOLE   117,462 0 0
Paychex Inc. COM 704326107 3,705 45,025 SH   SOLE   45,025 0 0
Pepsico Inc. COM 713448108 14,412 109,908 SH   SOLE   109,908 0 0
Pfizer Inc. COM 717081103 3,248 74,980 SH   SOLE   74,980 0 0
Philip Morris International COM 718172109 16,253 206,971 SH   SOLE   206,971 0 0
Phillips 66 COM 718546104 1,783 19,060 SH   SOLE   19,060 0 0
Procter & Gamble Co. COM 742718109 3,186 29,057 SH   SOLE   29,057 0 0
Pyxus International Inc. COM 74737v106 224 14,710 SH   SOLE   14,710 0 0
Qualcomm Inc COM 747525103 237 3,110 SH   SOLE   3,110 0 0
Quest Diagnostics Inc. COM 74834L100 3,978 39,070 SH   SOLE   39,070 0 0
Raytheon Company COM 755111507 2,173 12,500 SH   SOLE   12,500 0 0
RumbleOn, Inc. COM 781386206 287 64,009 SH   SOLE   64,009 0 0
SM Energy Company COM 78454L100 136 10,840 SH   SOLE   10,840 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,261 94,536 SH   SOLE   94,536 0 0
Starbucks Corp COM 855244109 966 11,518 SH   SOLE   11,518 0 0
Tapestry Inc. COM 876030107 325 10,245 SH   SOLE   10,245 0 0
The Kraft Heinz Company COM 500754106 408 13,146 SH   SOLE   13,146 0 0
The Mosaic Company COM 61945c103 1,303 52,056 SH   SOLE   52,056 0 0
The Travelers Companies Inc. COM 89417e109 9,249 61,861 SH   SOLE   61,861 0 0
The Walt Disney Co. COM 254687106 2,302 16,489 SH   SOLE   16,489 0 0
US Bancorp Delaware New COM 902973304 767 14,635 SH   SOLE   14,635 0 0
Union Pacific Corp COM 907818108 1,811 10,709 SH   SOLE   10,709 0 0
United Parcel Service Inc. COM 911312106 2,699 26,131 SH   SOLE   26,131 0 0
UnitedHealth Group Inc. COM 91324p102 21,686 88,874 SH   SOLE   88,874 0 0
Unum Group COM 91529y106 2,484 74,033 SH   SOLE   74,033 0 0
Valero Energy Corp. COM 91913y100 5,459 63,761 SH   SOLE   63,761 0 0
Value Line Inc. COM 920437100 213 7,740 SH   SOLE   7,740 0 0
Verizon Communications COM 92343V104 1,996 34,934 SH   SOLE   34,934 0 0
Viacom Inc. Class B COM 92553p201 663 22,205 SH   SOLE   22,205 0 0
Visa, Inc. COM 92826c839 7,676 44,228 SH   SOLE   44,228 0 0
WW International, Inc. COM 948626106 296 15,507 SH   SOLE   15,507 0 0
Waddell & Reed Financial COM 930059100 408 24,458 SH   SOLE   24,458 0 0
Wal Mart Stores COM 931142103 5,940 53,762 SH   SOLE   53,762 0 0
Washington Federal COM 938824109 1,699 48,647 SH   SOLE   48,647 0 0
Waste Management Inc. Del COM 94106L109 206 1,782 SH   SOLE   1,782 0 0
Wells Fargo & Co. COM 949746101 1,383 29,216 SH   SOLE   29,216 0 0
Western Union Company COM 959802109 888 44,628 SH   SOLE   44,628 0 0
Weyerhaeuser Co. COM 962166104 355 13,472 SH   SOLE   13,472 0 0
Yum! Brands, Inc. COM 988498101 1,454 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 9,898 84,069 SH   SOLE   84,069 0 0
Aegon NV ORD FOR 007924103 58 11,700 SH   SOLE   11,700 0 0
Alkermes PLC FOR g01767105 623 27,651 SH   SOLE   27,651 0 0
Allegion PLC FOR g0176j109 402 3,637 SH   SOLE   3,637 0 0
Allergan PLC FOR g0177j108 1,413 8,440 SH   SOLE   8,440 0 0
America Movil ADR FOR 02364W105 4,721 324,269 SH   SOLE   324,269 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,562 214,520 SH   SOLE   214,520 0 0
BP p.l.c. FOR 055622104 9,053 217,104 SH   SOLE   217,104 0 0
British American Tobacco FOR 110448107 2,324 66,635 SH   SOLE   66,635 0 0
Colliers International Group FOR 194693107 513 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,612 218,193 SH   SOLE   218,193 0 0
Diageo PLC ADR FOR 25243q205 2,257 13,099 SH   SOLE   13,099 0 0
Enbridge Inc. FOR 29250n105 214 5,942 SH   SOLE   5,942 0 0
FirstService Corp Voting Share FOR 33767e103 711 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,386 59,616 SH   SOLE   59,616 0 0
Ingersoll Rand Co FOR g47791101 1,317 10,400 SH   SOLE   10,400 0 0
LyondellBasell Industries N.V. FOR n53745100 6,170 71,638 SH   SOLE   71,638 0 0
Medtronic PLC FOR g5960L103 14,467 148,548 SH   SOLE   148,548 0 0
Nokia Corp Sponsored ADR FOR 654902204 66 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,256 19,303 SH   SOLE   19,303 0 0
SK Telecom ADR FOR 78440p108 220 8,883 SH   SOLE   8,883 0 0
Taiwan Semiconductor Manufactu FOR 874039100 215 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 3,076 371,076 SH   SOLE   371,076 0 0
Textainer Group Holdings Limit FOR g8766e109 830 82,350 SH   SOLE   82,350 0 0
Toyota Motor Corp ADR FOR 892331307 207 1,670 SH   SOLE   1,670 0 0
Unilever NV New York Shs FOR 904784709 5,940 97,828 SH   SOLE   97,828 0 0
Yum China Holdings, Inc. FOR 98850p109 616 13,337 SH   SOLE   13,337 0 0