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 696,066 18,395 SH   SOLE   18,395 0 0
APPLE COM 037833100 111,985 500 SH   SOLE   500 0 0
ASSURED GUARANTY COM G0585R106 70,014,453 1,574,774 SH   SOLE   1,574,774 0 0
ALCON COM H01301128 284,665 4,876 SH   SOLE   4,876 0 0
BANK OF AMERICA COM 060505104 518,729 17,763 SH   SOLE   17,763 0 0
BP PLC COM 055622104 63,655,057 1,675,574 SH   SOLE   1,675,574 0 0
BRISTOL MYERS SQUIBB COM 110122108 54,399,659 1,072,760 SH   SOLE   1,072,760 0 0
BLACKBERRY COM 09228F103 29,719,626 5,660,881 SH   SOLE   5,660,881 0 0
BERKSHIRE HATHAWAY COM 084670702 686,466 3,300 SH   SOLE   3,300 0 0
CITIGROUP COM 172967101 73,312,046 1,061,262 SH   SOLE   1,061,262 0 0
CHEVRONTEXACO COM 166764100 518,993 4,376 SH   SOLE   4,376 0 0
COMCAST CL A COM 20030N101 309,159 6,858 SH   SOLE   6,858 0 0
CREW ENERGY COM 226533107 96,752 189,500 SH   SOLE   189,500 0 0
COAL CREEK MINING COM 190072108 334,220 983 SH   SOLE   983 0 0
CON EDISON COM 209115104 158,143 1,674 SH   SOLE   1,674 0 0
EXXON MOBILE COM 30231G102 1,350,063 19,120 SH   SOLE   19,120 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,634,400 6,810 SH   SOLE   6,810 0 0
GENIE ENERGY COM 903514344 3,466,691 464,704 SH   SOLE   464,704 0 0
GLACIER BANCORP COM 37637Q105 589,543 14,571 SH   SOLE   14,571 0 0
GLAXOSMITHKLINE COM 37733W105 69,167,165 1,620,599 SH   SOLE   1,620,599 0 0
HOLOGIC COM 436440101 15,643,670 309,837 SH   SOLE   309,837 0 0
HOPE BANCORP COM 43940T109 457,732 31,920 SH   SOLE   31,920 0 0
IDT CORP CL B COM 448847309 7,436,453 706,216 SH   SOLE   706,216 0 0
IDW MEDIA COM 44951N106 1,371,930 97,300 SH   SOLE   97,300 0 0
KEYCORP COM 493267108 220,306 12,349 SH   SOLE   12,349 0 0
LIFEWAY FOODS COM 531914109 21,900 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 90,134,752 2,022,600 SH   SOLE   2,022,600 0 0
MBIA COM 55262C100 51,591,740 5,589,571 SH   SOLE   5,589,571 0 0
NAM TAI PPTY COM G63907102 19,778,445 2,197,605 SH   SOLE   2,197,605 0 0
NAVIENT COM 63938C108 325,837 12,800 SH   SOLE   12,800 0 0
NEW YORK COMMUNITY COM 649445103 69,572,149 5,543,597 SH   SOLE   5,543,597 0 0
NOVARTIS ADR COM 66987V109 2,239,674 25,773 SH   SOLE   25,773 0 0
NY TIMES CL A COM 650111107 9,706,725 340,826 SH   SOLE   340,826 0 0
ORANGE COUNTY BANCORP COM 68417L107 455,100 16,400 SH   SOLE   16,400 0 0
PFIZER COM 717081103 29,167,507 811,787 SH   SOLE   811,787 0 0
PATTERSON ENERGY COM 703481101 23,114,010 2,703,393 SH   SOLE   2,703,393 0 0
PEPSICO COM 713448108 287,910 2,100 SH   SOLE   2,100 0 0
PEYTO EXP & DEV COM 717046106 88,305 35,000 SH   SOLE   3,500 0 0
RAFAEL HOLDING COM 75062E106 9,110,473 434,660 SH   SOLE   434,660 0 0
SB ONE BANC COM 78413T103 456,727 20,245 SH   SOLE   20,245 0 0
SEABOARD CORP COM 811543107 57,841,875 13,221 SH   SOLE   13,221 0 0
STERLING BANCORP COM 85917A100 9,390,527 468,122 SH   SOLE   468,122 0 0
TRINITY PLACE HOLDINGS COM 89656D101 6,424,808 1,606,202 SH   SOLE   1,606,202 0 0
VERIZON COM 92343V104 1,313,373 21,759 SH   SOLE   21,759 0 0
VIEWRAY COM 92672L107 985,420 339,800 SH   SOLE   339,800 0 0
VALHI COM 918905100 19,699 10,368 SH   SOLE   10,368 0 0
VOXX INTERNATIONAL COM 91829F104 19,120,013 4,068,088 SH   SOLE   4,068,088 0 0
ZEDGE INC. COM 98923T104 283,972 170,043 SH   SOLE   170,043 0 0