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 205,423 4,944 SH   SOLE   4,944 0 0
ASTORIA FINANCIAL COM 046265104 229,404 11,185 SH   SOLE   11,185 0 0
ASSURED GUARANTY COM G0585R106 14,292,174 385,130 SH   SOLE   385,130 0 0
BANK OF AMERICA COM 060505104 651,651 27,624 SH   SOLE   27,624 0 0
BP PLC COM 055622104 47,488,818 1,375,690 SH   SOLE   1,375,690 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,554,344 28,583 SH   SOLE   28,583 0 0
BLACKBERRY COM 09228F103 35,078,515 4,526,260 SH   SOLE   4,526,260 0 0
CITIGROUP COM 172967101 64,810,484 1,083,425 SH   SOLE   1,083,425 0 0
CHEVRONTEXACO COM 166764100 466,845 4,348 SH   SOLE   4,348 0 0
COMCAST CL A COM 20030N101 624,409 27,017 SH   SOLE   27,017 0 0
EXXON MOBILE COM 30231G102 1,421,561 17,334 SH   SOLE   17,334 0 0
GENERAL ELECTRIC COM 369604103 447,000 15,000 SH   SOLE   15,000 0 0
GENIE ENERGY COM 903514344 2,926,415 404,201 SH   SOLE   404,201 0 0
GLAXOSMITHKLINE COM 37733W105 44,309,950 1,050,995 SH   SOLE   1,050,995 0 0
HOLOGIC COM 436440101 39,077,877 918,399 SH   SOLE   918,399 0 0
IBM COM 459200101 1,007,052 5,783 SH   SOLE   5,783 0 0
IDT CORP CL B COM 448847309 5,183,705 407,524 SH   SOLE   407,524 0 0
IDW MEDIA COM 44951N106 3,918,000 78,360 SH   SOLE   78,360 0 0
MERCK COM 589331107 59,735,205 940,119 SH   SOLE   940,119 0 0
MONSANTO COM 66166W101 361,793 3,196 SH   SOLE   3,196 0 0
MBIA COM 55262C100 37,489,898 4,426,198 SH   SOLE   4,426,198 0 0
NAM TAI PPTY COM G63907102 13,215,294 1,915,260 SH   SOLE   1,915,260 0 0
NAVIENT COM 63938C108 1,999,877 135,493 SH   SOLE   135,493 0 0
NEW YORK COMMUNITY COM 649445103 28,368,208 2,030,651 SH   SOLE   2,030,651 0 0
NOVARTIS ADR COM 66987V109 2,072,950 27,911 SH   SOLE   27,911 0 0
NY TIMES CL A COM 650111107 53,242,963 3,697,428 SH   SOLE   3,697,428 0 0
OLD REPUBLIC COM 680223104 983,040 48,000 SH   SOLE   48,000 0 0
PFIZER COM 717081103 22,839,725 667,633 SH   SOLE   667,633 0 0
PATTERSON ENERGY COM 703481101 22,658,618 933,606 SH   SOLE   933,606 0 0
SEABOARD CORP COM 811543107 34,744,110 8,333 SH   SOLE   8,333 0 0
STRAIGHT PATH COMM COM 862578101 7,654,631 212,806 SH   SOLE   212,806 0 0
STERLING BANCORP COM 85917A100 21,822,462 920,779 SH   SOLE   920,779 0 0
TRINITY PLACE HOLDINGS COM 89656D101 864,055 1,062,251 SH   SOLE   1,062,251 0 0
VOXX INTERNATIONAL COM 91829F104 9,170,517 1,763,561 SH   SOLE   1,763,561 0 0
ZEDGE INC. COM 98923T104 478,776 155,953 SH   SOLE   155,953 0 0