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
ALLEGION, PLC COM G0176J109 517 6,420 SH   SOLE   6,420 0 0
AMERCO COM 023586100 14,666 41,196 SH   SOLE   41,196 0 0
AMERICAN AXLE COM 024061103 627 41,100 SH   SOLE   41,100 0 0
AMERIGAS PTRS. COM 030975106 730 16,400 SH   SOLE   16,400 0 0
ASTRONICS COM 046433108 634 21,145 SH   SOLE   21,145 0 0
BLACKHAWK COM 09238E104 1,914 44,509 SH   SOLE   44,509 0 0
BUILDERS F.S. COM 12008R107 150 10,000 SH   SOLE   10,000 0 0
CHASE CORP. COM 16150R104 14,720 139,524 SH   SOLE   139,524 0 0
CIRCOR INT'L COM 17273K109 599 10,242 SH   SOLE   10,242 0 0
CONOCOPHILLIPS COM 20825C104 3,903 89,717 SH   SOLE   89,717 0 0
COOPER TIRE COM 216831107 915 25,600 SH   SOLE   25,600 0 0
CORE MOLDINGS COM 218683100 2,046 96,300 SH   SOLE   96,300 0 0
CRANE CO. COM 224399105 2,173 27,650 SH   SOLE   27,650 0 0
DELTA APPAREL COM 247368103 15,056 692,232 SH   SOLE   692,232 0 0
DENNY'S CORP. COM 24869P104 1,058 92,000 SH   SOLE   92,000 0 0
DUCOMMUN INC COM 264147109 1,017 32,818 SH   SOLE   32,818 0 0
EASTMAN CHEM COM 277432100 3,549 42,500 SH   SOLE   42,500 0 0
EATON CORP COM G29183103 339 4,400 SH   SOLE   4,400 0 0
FERRO CORP. COM 315405100 4,108 228,246 SH   SOLE   228,246 0 0
GOODYEAR TIRE COM 382550101 15,287 440,557 SH   SOLE   440,557 0 0
HANESBRANDS COM 410345102 1,978 87,921 SH   SOLE   87,921 0 0
HARRIS CORP. COM 413875105 2,755 25,390 SH   SOLE   25,390 0 0
HESS CORP. COM 42809H107 498 11,578 SH   SOLE   11,578 0 0
HORIZON GLOBAL COM 44052W104 174 12,440 SH   SOLE   12,440 0 0
HUNTSMAN CORP. COM 447011107 10,244 400,175 SH   SOLE   400,175 0 0
INGERSOLL RAND COM G47791101 1,867 20,630 SH   SOLE   20,630 0 0
INNODATA COM 457642205 20 13,294 SH   SOLE   13,294 0 0
JOHNSON OUTDR COM 479167108 255 5,359 SH   SOLE   5,359 0 0
KRATON PERFORM COM 50077C106 2,613 76,842 SH   SOLE   76,842 0 0
LCI INDUSTRIES COM 50189K103 4,525 44,361 SH   SOLE   44,361 0 0
MARATHON OIL COM 565849106 152 13,200 SH   SOLE   13,200 0 0
MARATHON PET. COM 56585A102 1,984 38,148 SH   SOLE   38,148 0 0
MONRO MUFFLER COM 610236101 201 5,036 SH   SOLE   5,036 0 0
NEFF CORP COM 640094207 8,016 445,309 SH   SOLE   445,309 0 0
NORTHERN TECH COM 665809109 826 55,040 SH   SOLE   55,040 0 0
OCCIDENTAL PETE COM 674599105 1,211 20,521 SH   SOLE   20,521 0 0
OIL STATES INTL COM 678026105 883 33,333 SH   SOLE   33,333 0 0
ORCHIDS PAPER COM 68572N104 132 10,571 SH   SOLE   10,571 0 0
OSHKOSH CORP COM 688239201 300 4,415 SH   SOLE   4,415 0 0
OWENS ILL INC COM 690768403 437 18,600 SH   SOLE   18,600 0 0
PERMA-FIX ENV. COM 714157203 109 33,421 SH   SOLE   33,421 0 0
PHILLIPS 66 COM 718546104 3,316 40,439 SH   SOLE   40,439 0 0
PITNEY BOWES COM 724479100 1,678 112,584 SH   SOLE   112,584 0 0
Q.E.P. CO.,INC COM 74727K102 5,258 226,144 SH   SOLE   226,144 0 0
READING INT'L COM 755408101 998 63,342 SH   SOLE   63,342 0 0
SENSIENT TECH COM 81725T100 526 6,578 SH   SOLE   6,578 0 0
SPARTAN MOTORS COM 846819100 295 34,696 SH   SOLE   34,696 0 0
STANDEX INTL CP COM 854231107 9,797 108,856 SH   SOLE   108,856 0 0
STEPAN CHEMICAL COM 858586100 854 9,869 SH   SOLE   9,869 0 0
SUPERVALU COM 868536103 4,129 1,310,928 SH   SOLE   1,310,928 0 0
SUPREME IND COM 868607102 8,059 495,957 SH   SOLE   495,957 0 0
TOTAL SA COM 89151E109 868 17,710 SH   SOLE   17,710 0 0
TRIMAS CORP. COM 896215209 335 16,750 SH   SOLE   16,750 0 0
UNIVERSAL FOREST COM 913543104 248 2,869 SH   SOLE   2,869 0 0
VAALCO ENERGY COM 91851C201 1,404 1,559,610 SH   SOLE   1,559,610 0 0
VSE CORP. COM 918284100 540 12,128 SH   SOLE   12,128 0 0
WATTS WATER COM 942749102 2,527 40,427 SH   SOLE   40,427 0 0
XERIUM TECH COM 98416J118 1,195 170,711 SH   SOLE   170,711 0 0
LIFE STORAGE COM 53223X107 277 3,800 SH   SOLE   3,800 0 0
AIR INDUSTRIES COM 00912N205 34 22,672 SH   SOLE   22,672 0 0
MANITEX INT'L COM 563420108 93 14,300 SH   SOLE   14,300 0 0
UNIVERSAL SEC COM 913821302 79 31,561 SH   SOLE   31,561 0 0