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 602 5,476 SH   SOLE   5,476 0 0
ALLIED MOTION COM 019330109 203 5,500 SH   SOLE   5,500 0 0
AMERCO COM 023586100 12,796 34,306 SH   SOLE   34,306 0 0
AMERICAN AXLE COM 024061103 412 33,000 SH   SOLE   33,000 0 0
AMERIGAS PTRS. COM 030975106 537 15,693 SH   SOLE   15,693 0 0
ASTRONICS COM 046433108 815 20,368 SH   SOLE   20,368 0 0
BUILDERS F.S. COM 12008R107 339 20,521 SH   SOLE   20,521 0 0
CHASE CORP. COM 16150R104 10,745 101,849 SH   SOLE   101,849 0 0
CIRCOR INT'L COM 17273K109 582 12,794 SH   SOLE   12,794 0 0
CONOCOPHILLIPS COM 20825C104 4,727 78,127 SH   SOLE   78,127 0 0
COOPER TIRE COM 216831107 1,584 50,688 SH   SOLE   50,688 0 0
CORE MOLDINGS COM 218683100 515 76,359 SH   SOLE   76,359 0 0
CRANE CO. COM 224399105 2,005 24,159 SH   SOLE   24,159 0 0
DELTA APPAREL COM 247368103 12,691 570,366 SH   SOLE   570,366 0 0
DENNY'S CORP. COM 24869P104 1,488 73,500 SH   SOLE   73,500 0 0
DUCOMMUN INC COM 264147109 1,114 25,024 SH   SOLE   25,024 0 0
EASTMAN CHEM COM 277432100 2,941 38,199 SH   SOLE   38,199 0 0
EATON CORP COM G29183103 297 3,600 SH   SOLE   3,600 0 0
ENTERCOM COMM. COM 293639100 218 39,548 SH   SOLE   39,548 0 0
ESCALADE INC. COM 296056104 150 14,243 SH   SOLE   14,243 0 0
FERRO CORP. COM 315405100 3,113 200,856 SH   SOLE   200,856 0 0
FLOTEK IND. COM 343389102 1,382 445,663 SH   SOLE   445,663 0 0
GOODYEAR TIRE COM 382550101 6,028 401,858 SH   SOLE   401,858 0 0
HANESBRANDS COM 410345102 1,218 72,731 SH   SOLE   72,731 0 0
HESS CORP. COM 42809H107 599 9,511 SH   SOLE   9,511 0 0
HUNTSMAN CORP. COM 447011107 7,668 383,381 SH   SOLE   383,381 0 0
INGERSOLL RAND COM G47791101 2,241 17,789 SH   SOLE   17,789 0 0
JOHNSON OUTDR COM 479167108 345 4,659 SH   SOLE   4,659 0 0
KELLY SERVICES COM 488152208 232 9,101 SH   SOLE   9,101 0 0
KRATON PERFORM COM 50077C106 7,119 233,402 SH   SOLE   233,402 0 0
L3 HARRIS TECH COM 502431109 3,336 17,649 SH   SOLE   17,649 0 0
LCI INDUSTRIES COM 50189K103 3,192 35,860 SH   SOLE   35,860 0 0
MARATHON PET. COM 56585A102 1,719 30,966 SH   SOLE   30,966 0 0
NN, INC. COM 629337106 2,367 255,866 SH   SOLE   255,866 0 0
NORTHERN TECH COM 665809109 1,139 47,438 SH   SOLE   47,438 0 0
OCCIDENTAL PETE COM 674599105 807 16,305 SH   SOLE   16,305 0 0
OIL STATES INTL COM 678026105 406 22,581 SH   SOLE   22,581 0 0
OSHKOSH CORP COM 688239201 267 3,215 SH   SOLE   3,215 0 0
OWENS ILL INC COM 690768403 229 13,450 SH   SOLE   13,450 0 0
PERMA-FIX ENV. COM 714157203 62 17,618 SH   SOLE   17,618 0 0
PHILLIPS 66 COM 718546104 3,313 35,620 SH   SOLE   35,620 0 0
Q.E.P. CO.,INC COM 74727K102 3,952 202,691 SH   SOLE   202,691 0 0
READING INT'L COM 755408101 598 47,817 SH   SOLE   47,817 0 0
SENSIENT TECH COM 81725T100 407 5,577 SH   SOLE   5,577 0 0
SPARTAN MOTORS COM 846819100 334 31,771 SH   SOLE   31,771 0 0
STANDEX INTL CP COM 854231107 5,846 80,354 SH   SOLE   80,354 0 0
STEPAN CHEMICAL COM 858586100 807 8,869 SH   SOLE   8,869 0 0
TOTAL SA COM 89151E109 782 14,159 SH   SOLE   14,159 0 0
TRIMAS CORP. COM 896215209 387 12,674 SH   SOLE   12,674 0 0
TRINSEO SA COM L9340P101 1,872 44,573 SH   SOLE   44,573 0 0
UNITED RENTALS COM 911363109 3,283 24,870 SH   SOLE   24,870 0 0
UNIVERSAL FOREST COM 913543104 285 7,607 SH   SOLE   7,607 0 0
USA COMPRESSION COM 90290N109 181 10,350 SH   SOLE   10,350 0 0
VAALCO ENERGY COM 91851C201 3,724 2,257,098 SH   SOLE   2,257,098 0 0
VENATOR MTRL COM G9329Z100 822 164,394 SH   SOLE   164,394 0 0
VSE CORP. COM 918284100 245 8,758 SH   SOLE   8,758 0 0
WABASH NATL COM 929566107 181 11,300 SH   SOLE   11,300 0 0
WATTS WATER COM 942749102 3,192 34,507 SH   SOLE   34,507 0 0
LIFE STORAGE COM 53223X107 282 3,000 SH   SOLE   3,000 0 0
OFFICE PROPERTIES COM 67623C109 206 8,094 SH   SOLE   8,094 0 0
UNIVERSAL SEC COM 913821302 25 22,761 SH   SOLE   22,761 0 0
ZUNICOM INC COM COM 98981X401 11 355,953 SH   SOLE   355,953 0 0