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 391,118 12,921 SH   SOLE   12,921 0 0
ASSURED GUARANTY COM G0585R106 61,920,244 1,464,528 SH   SOLE   1,464,528 0 0
BANK OF AMERICA COM 060505104 524,133 13,547 SH   SOLE   13,547 0 0
BP PLC COM 055622104 46,576,680 1,912,800 SH   SOLE   1,912,800 0 0
BRISTOL MYERS SQUIBB COM 110122108 53,429,191 846,336 SH   SOLE   846,336 0 0
BLACKBERRY COM 09228F103 22,502,122 2,669,291 SH   SOLE   2,669,291 0 0
BERKSHIRE HATHAWAY COM 084670702 830,278 3,250 SH   SOLE   3,250 0 0
CITIGROUP COM 172967101 60,446,751 830,883 SH   SOLE   830,883 0 0
CHEVRONTEXACO COM 166764100 413,711 3,948 SH   SOLE   3,948 0 0
COMCAST CL A COM 20030N101 334,454 6,181 SH   SOLE   6,181 0 0
CREW ENERGY COM 226533107 169,260 182,000 SH   SOLE   182,000 0 0
DEUTSCHE BANK COM D18190898 120,000 10,000 SH   SOLE   10,000 0 0
EXXON MOBIL COM 30231G102 902,771 16,170 SH   SOLE   16,170 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,048,494 4,770 SH   SOLE   4,770 0 0
GENIE ENERGY COM 903514344 2,164,641 341,426 SH   SOLE   341,426 0 0
GLAXOSMITHKLINE COM 37733W105 45,175,331 1,265,770 SH   SOLE   1,265,770 0 0
HOLOGIC COM 436440101 3,304,629 44,429 SH   SOLE   44,429 0 0
HOPE BANCORP COM 43940T109 466,860 31,000 SH   SOLE   31,000 0 0
IDT CORP CL B COM 448847309 11,035,646 487,010 SH   SOLE   487,010 0 0
IDW MEDIA COM 44951N106 291,916 72,978 SH   SOLE   72,978 0 0
JP MORGAN CHASE COM 44625H100 308,226 2,025 SH   SOLE   2,025 0 0
LIFEWAY FOODS COM 531914109 54,000 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 54,493,865 706,886 SH   SOLE   706,886 0 0
MBIA COM 55262C100 47,087,649 4,894,766 SH   SOLE   4,894,766 0 0
NAM TAI PPTY COM G63907102 16,221,891 1,315,644 SH   SOLE   1,315,644 0 0
NAVIENT COM 63938C108 333,223 23,286 SH   SOLE   23,286 0 0
NEW YORK COMMUNITY COM 649445103 56,768,767 4,498,318 SH   SOLE   4,498,318 0 0
NOVARTIS ADR COM 66987V109 1,743,621 20,398 SH   SOLE   20,398 0 0
PFIZER COM 717081103 23,994,658 662,287 SH   SOLE   662,287 0 0
PATTERSON ENERGY COM 703481101 40,143,071 5,630,164 SH   SOLE   5,630,164 0 0
PEPSICO COM 713448108 268,755 1,900 SH   SOLE   1,900 0 0
PEYTO EXP & DEV COM 717046106 148,442 35,000 SH   SOLE   35,000 0 0
PROVIDENT FINANCIAL COM 74386T105 612,076 27,472 SH   SOLE   24,472 0 0
RAFAEL HOLDING COM 75062E106 12,590,529 334,476 SH   SOLE   334,476 0 0
SEABOARD CORP COM 811543107 37,881,437 10,266 SH   SOLE   10,266 0 0
STERLING BANCORP COM 85917A100 6,249,516 271,482 SH   SOLE   271,482 0 0
TRINITY PLACE HOLDINGS COM 89656D101 2,816,186 1,360,629 SH   SOLE   1,360,629 0 0
VERIZON COM 92343V104 886,439 15,244 SH   SOLE   15,244 0 0
V IATRIS COM 92556V106 1,286,540 92,093 SH   SOLE   92,093 0 0
VIEWRAY COM 92672L107 1,751,114 402,555 SH   SOLE   402,555 0 0
VOXX INTERNATIONAL COM 91829F104 26,574,653 1,394,263 SH   SOLE   1,394,263 0 0
ZEDGE INC. COM 98923T104 1,809,826 124,779 SH   SOLE   124,779 0 0