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 430,358 15,095 SH   SOLE   15,095 0 0
ASSURED GUARANTY COM G0585R106 35,374,252 1,646,846 SH   SOLE   1,646,846 0 0
BANK OF AMERICA COM 060505104 342,246 14,207 SH   SOLE   14,207 0 0
BP PLC COM 055622104 34,487,673 1,975,239 SH   SOLE   1,975,239 0 0
BRISTOL MYERS SQUIBB COM 110122108 56,430,053 935,977 SH   SOLE   935,977 0 0
BLACKBERRY COM 09228F103 24,967,654 5,439,576 SH   SOLE   5,439,576 0 0
BERKSHIRE HATHAWAY COM 084670702 692,055 3,250 SH   SOLE   3,250 0 0
CITIGROUP COM 172967101 36,692,696 851,141 SH   SOLE   851,141 0 0
CHEVRONTEXACO COM 166764100 284,256 3,948 SH   SOLE   3,948 0 0
COMCAST CL A COM 20030N101 285,933 6,181 SH   SOLE   6,181 0 0
CREW ENERGY COM 226533107 47,320 182,000 SH   SOLE   182,000 0 0
DEUTSCHE BANK COM D18190898 84,000 10,000 SH   SOLE   10,000 0 0
EXXON MOBILE COM 30231G102 622,059 18,120 SH   SOLE   18,120 0 0
FIRST NATL BK OF ALASKA COM 32112J106 948,992 4,770 SH   SOLE   4,770 0 0
GENIE ENERGY COM 903514344 3,287,824 410,978 SH   SOLE   410,978 0 0
GLAXOSMITHKLINE COM 37733W105 52,947,774 1,406,689 SH   SOLE   1,406,689 0 0
HOLOGIC COM 436440101 2,821,386 42,446 SH   SOLE   42,446 0 0
HOPE BANCORP COM 43940T109 235,135 31,000 SH   SOLE   31,000 0 0
IDT CORP CL B COM 448847309 4,393,282 667,672 SH   SOLE   667,672 0 0
IDW MEDIA COM 44951N106 366,540 91,635 SH   SOLE   91,635 0 0
JP MORGAN CHASE COM 44625H100 344,742 3,581 SH   SOLE   3,581 0 0
KEYCORP COM 493267108 130,907 10,973 SH   SOLE   10,973 0 0
LIFEWAY FOODS COM 531914109 50,300 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 66,593,033 802,809 SH   SOLE   802,809 0 0
MBIA COM 55262C100 28,168,540 4,648,274 SH   SOLE   4,648,274 0 0
NAM TAI PPTY COM G63907102 16,140,796 1,724,444 SH   SOLE   1,724,444 0 0
NAVIENT COM 63938C108 196,767 23,286 SH   SOLE   23,286 0 0
NEW YORK COMMUNITY COM 649445103 39,763,619 4,808,176 SH   SOLE   4,808,176 0 0
NOVARTIS ADR COM 66987V109 1,973,818 22,698 SH   SOLE   22,698 0 0
PFIZER COM 717081103 25,416,366 692,544 SH   SOLE   692,544 0 0
PATTERSON ENERGY COM 703481101 19,333,856 6,783,809 SH   SOLE   6,783,809 0 0
PEPSICO COM 713448108 277,200 2,000 SH   SOLE   2,000 0 0
PEYTO EXP & DEV COM 717046106 65,251 35,000 SH   SOLE   3,500 0 0
PROVIDENT FINANCIAL COM 74386T105 335,158 27,472 SH   SOLE   24,472 0 0
RAFAEL HOLDING COM 75062E106 6,412,985 395,741 SH   SOLE   395,741 0 0
SEABOARD CORP COM 811543107 31,685,827 11,170 SH   SOLE   11,170 0 0
STERLING BANCORP COM 85917A100 3,166,667 301,014 SH   SOLE   301,014 0 0
TRINITY PLACE HOLDINGS COM 89656D101 1,863,509 1,321,638 SH   SOLE   1,321,638 0 0
VERIZON COM 92343V104 957,432 16,094 SH   SOLE   16,094 0 0
VIEWRAY COM 92672L107 1,498,193 428,055 SH   SOLE   428,055 0 0
VOXX INTERNATIONAL COM 91829F104 27,163,972 3,532,376 SH   SOLE   3,532,376 0 0
ZEDGE INC. COM 98923T104 220,772 151,214 SH   SOLE   151,214 0 0