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
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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 186,537 4,944 SH   SOLE   4,944 0 0
ASTORIA FINANCIAL COM 046265104 225,378 11,185 SH   SOLE   11,185 0 0
ASSURED GUARANTY COM G0585R106 32,419,667 776,705 SH   SOLE   776,705 0 0
BANK OF AMERICA COM 060505104 670,158 27,624 SH   SOLE   27,624 0 0
BP PLC COM 055622104 48,464,955 1,398,700 SH   SOLE   1,398,700 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,091,165 19,583 SH   SOLE   19,583 0 0
BLACKBERRY COM 09228F103 45,161,393 4,520,660 SH   SOLE   4,520,660 0 0
CITIGROUP COM 172967101 68,657,737 1,026,581 SH   SOLE   1,026,581 0 0
CHEVRONTEXACO COM 166764100 422,328 4,048 SH   SOLE   4,048 0 0
COMCAST CL A COM 20030N101 813,284 20,896 SH   SOLE   20,896 0 0
EXXON MOBILE COM 30231G102 1,391,301 17,234 SH   SOLE   17,234 0 0
GENIE ENERGY COM 903514344 3,061,076 401,716 SH   SOLE   401,716 0 0
GLAXOSMITHKLINE COM 37733W105 45,495,265 1,055,085 SH   SOLE   1,055,085 0 0
HOLOGIC COM 436440101 36,279,721 799,465 SH   SOLE   799,465 0 0
IBM COM 459200101 511,177 3,323 SH   SOLE   3,323 0 0
IDT CORP CL B COM 448847309 7,702,880 536,039 SH   SOLE   536,039 0 0
IDW MEDIA COM 44951N106 3,775,240 77,840 SH   SOLE   77,840 0 0
MERCK COM 589331107 59,785,750 932,840 SH   SOLE   932,840 0 0
MONSANTO COM 66166W101 282,407 2,386 SH   SOLE   2,386 0 0
MBIA COM 55262C100 42,280,330 4,483,598 SH   SOLE   4,483,598 0 0
NAM TAI PPTY COM G63907102 15,832,480 1,979,060 SH   SOLE   1,979,060 0 0
NAVIENT COM 63938C108 1,211,087 72,738 SH   SOLE   72,738 0 0
NEW YORK COMMUNITY COM 649445103 25,772,765 1,962,891 SH   SOLE   1,962,891 0 0
NOVARTIS ADR COM 66987V109 2,187,832 26,211 SH   SOLE   26,211 0 0
NY TIMES CL A COM 650111107 60,820,651 3,436,195 SH   SOLE   3,436,195 0 0
OLD REPUBLIC COM 680223104 937,440 48,000 SH   SOLE   48,000 0 0
PFIZER COM 717081103 19,402,121 577,616 SH   SOLE   557,616 0 0
PATTERSON ENERGY COM 703481101 18,633,471 922,906 SH   SOLE   922,906 0 0
SEABOARD CORP COM 811543107 33,066,615 8,277 SH   SOLE   82,776 0 0
STRAIGHT PATH COMM COM 862578101 31,112,864 173,186 SH   SOLE   173,186 0 0
STERLING BANCORP COM 85917A100 21,364,512 918,779 SH   SOLE   918,779 0 0
TRINITY PLACE HOLDINGS COM 89656D101 7,458,745 1,049,050 SH   SOLE   1,049,050 0 0
VOXX INTERNATIONAL COM 91829F104 18,928,076 2,308,302 SH   SOLE   2,308,302 0 0
ZEDGE INC. COM 98923T104 343,702 155,236 SH   SOLE   155,236 0 0