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 550 5,343 SH   SOLE   5,343 0 0
AMERCO COM 023586100 13,271 34,471 SH   SOLE   34,471 0 0
AMERICAN AXLE COM 024061103 246 30,700 SH   SOLE   30,700 0 0
ASTRONICS COM 046433108 591 20,368 SH   SOLE   20,368 0 0
BUILDERS F.S. COM 12008R107 414 20,421 SH   SOLE   20,421 0 0
CHASE CORP. COM 16150R104 10,861 100,567 SH   SOLE   100,567 0 0
CIRCOR INT'L COM 17273K109 503 13,594 SH   SOLE   13,594 0 0
CONOCOPHILLIPS COM 20825C104 4,304 76,177 SH   SOLE   76,177 0 0
COOPER TIRE COM 216831107 1,222 47,438 SH   SOLE   47,438 0 0
CORE MOLDINGS COM 218683100 402 69,959 SH   SOLE   69,959 0 0
CRANE CO. COM 224399105 1,923 24,034 SH   SOLE   24,034 0 0
DELTA APPAREL COM 247368103 13,023 566,231 SH   SOLE   566,231 0 0
DENNY'S CORP. COM 24869P104 1,584 70,400 SH   SOLE   70,400 0 0
DUCOMMUN INC COM 264147109 1,047 24,924 SH   SOLE   24,924 0 0
EASTMAN CHEM COM 277432100 2,737 37,499 SH   SOLE   37,499 0 0
EATON CORP COM G29183103 297 3,600 SH   SOLE   3,600 0 0
ENTERCOM COMM. COM 293639100 75 23,168 SH   SOLE   23,168 0 0
ESCALADE INC. COM 296056104 147 14,043 SH   SOLE   14,043 0 0
FERRO CORP. COM 315405100 2,314 201,256 SH   SOLE   201,256 0 0
FLOTEK IND. COM 343389102 945 439,663 SH   SOLE   439,663 0 0
GOODYEAR TIRE COM 382550101 5,505 387,708 SH   SOLE   387,708 0 0
HANESBRANDS COM 410345102 1,088 72,531 SH   SOLE   72,531 0 0
HESS CORP. COM 42809H107 559 9,311 SH   SOLE   9,311 0 0
HUNTSMAN CORP. COM 447011107 8,765 381,081 SH   SOLE   381,081 0 0
INGERSOLL RAND COM G47791101 2,176 17,689 SH   SOLE   17,689 0 0
JOHNSON OUTDR COM 479167108 268 4,659 SH   SOLE   4,659 0 0
KELLY SERVICES COM 488152208 211 8,901 SH   SOLE   8,901 0 0
KEMET CORP. COM 488360207 970 54,180 SH   SOLE   54,180 0 0
KRATON PERFORM COM 50077C106 8,533 266,665 SH   SOLE   266,665 0 0
L3 HARRIS TECH COM 502431109 3,666 17,624 SH   SOLE   17,624 0 0
LCI INDUSTRIES COM 50189K103 3,281 36,060 SH   SOLE   36,060 0 0
MARATHON PET. COM 56585A102 1,858 30,716 SH   SOLE   30,716 0 0
NN, INC. COM 629337106 1,649 235,523 SH   SOLE   235,523 0 0
NORTHERN TECH COM 665809109 1,122 95,494 SH   SOLE   95,494 0 0
OCCIDENTAL PETE COM 674599105 704 16,005 SH   SOLE   16,005 0 0
OIL STATES INTL COM 678026105 278 21,381 SH   SOLE   21,381 0 0
OSHKOSH CORP COM 688239201 241 3,215 SH   SOLE   3,215 0 0
OWENS ILL INC COM 690768403 132 13,200 SH   SOLE   13,200 0 0
PERMA-FIX ENV. COM 714157203 54 12,741 SH   SOLE   12,741 0 0
PHILLIPS 66 COM 718546104 3,594 35,233 SH   SOLE   35,233 0 0
Q.E.P. CO.,INC COM 74727K102 3,472 210,398 SH   SOLE   210,398 0 0
READING INT'L COM 755408101 553 47,042 SH   SOLE   47,042 0 0
SENSIENT TECH COM 81725T100 368 5,577 SH   SOLE   5,577 0 0
SPARTAN MOTORS COM 846819100 428 31,671 SH   SOLE   31,671 0 0
STANDEX INTL CP COM 854231107 5,675 78,272 SH   SOLE   78,272 0 0
STEPAN CHEMICAL COM 858586100 856 8,869 SH   SOLE   8,869 0 0
TOTAL SA COM 89151E109 713 13,909 SH   SOLE   13,909 0 0
TRIMAS CORP. COM 896215209 378 12,599 SH   SOLE   12,599 0 0
TRINSEO SA COM L9340P101 1,765 41,523 SH   SOLE   41,523 0 0
UGI CORP COM 902681105 322 6,446 SH   SOLE   6,446 0 0
UNITED RENTALS COM 911363109 3,525 28,425 SH   SOLE   28,425 0 0
UNIVERSAL FOREST COM 913543104 300 7,607 SH   SOLE   7,607 0 0
USA COMPRESSION COM 90290N109 171 10,050 SH   SOLE   10,050 0 0
VAALCO ENERGY COM 91851C201 4,619 2,309,731 SH   SOLE   2,309,731 0 0
VENATOR MTRL COM G9329Z100 236 102,394 SH   SOLE   102,394 0 0
VSE CORP. COM 918284100 250 7,458 SH   SOLE   7,458 0 0
WABASH NATL COM 929566107 161 11,300 SH   SOLE   11,300 0 0
WATTS WATER COM 942749102 3,209 34,507 SH   SOLE   34,507 0 0
WESCO INTL COM 95082P105 517 11,000 SH   SOLE   11,000 0 0
LIFE STORAGE COM 53223X107 291 2,800 SH   SOLE   2,800 0 0
UNIVERSAL SEC COM 913821302 18 22,761 SH   SOLE   22,761 0 0
ZUNICOM INC COM COM 98981X401 11 355,953 SH   SOLE   355,953 0 0