Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	U S AIRWAYS GROUP INC	1,450,860	$23.82M	4.4%	$16.42	$16.42	—	COM	90341W108
INTC	INTEL CORP.	885,142	$21.45M	3.9%	$24.23 *	$17.18	+2.9%	COM	458140100
C	CITIGROUP INC	432,417	$20.74M	3.8%	$47.97 *	$35.76	-0.2%	COM	172967424
—	ENSCO PLC SHS CL A	348,467	$20.25M	3.7%	$58.12	$58.12	—	COM	G3157S106
DAL	DELTA AIR LINES	1,047,900	$19.61M	3.6%	$18.71 *	$14.99	+7.9%	COM	247361702
MS	MORGAN STANLEY	772,095	$18.86M	3.5%	$24.43 *	$17.33	+3.1%	COM	617446448
UAL	UNITED CONTINENTAL	488,645	$15.29M	2.8%	$31.29	$31.81	-1.6%	COM	910047109
—	ALPHA NATURAL RESOURCES	2,793,455	$14.64M	2.7%	$5.24	$5.24	—	COM	02076X102
RAIL	FREIGHTCAR AMER INC	841,960	$14.3M	2.6%	$16.99	$18.91	-10.2%	COM	357023100
BAC	BANK OF AMERICA	1,053,174	$13.54M	2.5%	$12.86 *	$10.03	+0.9%	COM	060505104
M	MACYS INC.	258,344	$12.4M	2.3%	$48.00	$46.44	+3.4%	COM	55616P104
—	BOISE INC	1,408,700	$12.03M	2.2%	$8.54	$8.54	—	COM	09746Y105
HAL	HALLIBURTON CO.	283,200	$11.81M	2.2%	$41.72 *	$33.21	+0.0%	COM	406216101
—	WINDSTREAM CORP	1,496,808	$11.54M	2.1%	$7.71	$7.71	—	COM	97381W104
CSCO	CISCO SYSTEMS	411,395	$10.01M	1.8%	$24.33 *	$15.24	+8.2%	COM	17275R102
ORCL	ORACLE CORP.	324,555	$9.967M	1.8%	$30.71 *	$27.58	-7.4%	COM	68389X105
—	HOSPITALITY PPTYS TR REIT	329,880	$8.669M	1.6%	$26.28	$26.28	—	COM	44106M102
—	NEW YORK COMMUNITY BANCORP	614,732	$8.606M	1.6%	$14.00	$14.00	—	COM	649445103
—	CHESAPEAKE ENERGY CORP.	419,200	$8.543M	1.6%	$20.38	$20.00	—	Call	165167107
—	SYNERON MEDICAL LTD ORD SHS	838,900	$7.298M	1.3%	$8.70	$8.70	—	COM	M87245102
—	DOMTAR CORP	104,900	$6.976M	1.3%	$66.50	$66.50	—	COM	257559203
DHI	D R HORTON INC	323,360	$6.881M	1.3%	$21.28 *	$21.23	-12.0%	COM	23331A109
—	WELLPOINT INC	83,502	$6.834M	1.3%	$81.84	$81.84	—	COM	94973V109
AAPL	APPLE INC	16,806	$6.664M	1.2%	$396.53 *	$13.16	-7.7%	COM	037833100
PM	PHILIP MORRIS INT'L INC.	75,215	$6.515M	1.2%	$86.62 *	$49.85	-5.9%	COM	718172109
AJG	ARTHUR J. GALLAGHER & CO.	145,973	$6.378M	1.2%	$43.69 *	$33.49	+1.5%	COM	363576109
OXY	OCCIDENTAL PETROLEUM	71,300	$6.362M	1.2%	$89.23 *	$57.83	+1.7%	COM	674599105
BRK/B	BERKSHIRE HATHAWAY - CL B	56,767	$6.353M	1.2%	$111.91	$110.02	+1.7%	COM	084670702
—	PLUM CREEK TIMBER REIT	133,003	$6.207M	1.1%	$46.67	$46.67	—	COM	729251108
GS	GOLDMAN SACHS GROUP	40,710	$6.157M	1.1%	$151.24 *	$120.06	-0.6%	COM	38141G104
—	HOLLYFRONTIER CORP	142,389	$6.091M	1.1%	$42.78	$42.78	—	COM	436106108
—	GENERAL ELECTRIC	255,139	$5.917M	1.1%	$23.19	$23.19	—	COM	369604103
MRK	MERCK & CO.	126,696	$5.885M	1.1%	$46.45 *	$30.02	-0.0%	COM	58933Y105
—	GOOGLE INC.	6,643	$5.848M	1.1%	$880.33	$880.33	—	COM	38259P508
SCCO	SOUTHERN COPPER CORP	209,050	$5.774M	1.1%	$27.62 *	$20.45	-13.7%	COM	84265V105
—	COBALT INTL ENERGY INC COM	209,700	$5.572M	1.0%	$26.57	—	—	Call	19075F106
—	ROYAL DUTCH SHELL PLC SPON ADR	83,876	$5.558M	1.0%	$66.26	$66.26	—	COM	780259107
ZBH	ZIMMER HLDGS INC	72,541	$5.436M	1.0%	$74.94 *	$67.30	-2.4%	COM	98956P102
LEG	LEGGETT & PLATT INC	173,202	$5.385M	1.0%	$31.09	$32.56	-4.5%	COM	524660107
LMT	LOCKHEED MARTIN CORP	49,462	$5.365M	1.0%	$108.47 *	$71.65	+6.9%	COM	539830109
FHI	FEDERATED INVESTORS INC	193,985	$5.317M	1.0%	$27.41 *	$14.54	+8.5%	COM	314211103
NUE	NUCOR CORP	114,370	$4.955M	0.9%	$43.32 *	$32.41	-1.5%	COM	670346105
MCHP	MICROCHIP TECHNOLOGY	129,480	$4.823M	0.9%	$37.25 *	$13.83	+2.5%	COM	595017104
T	AT&T INC.	136,067	$4.817M	0.9%	$35.40 *	$11.40	-3.6%	COM	00206R102
KIM	KIMCO REALTY REIT	220,484	$4.725M	0.9%	$21.43 *	$12.61	-6.4%	COM	49446R109
—	DOW CHEMICAL	141,325	$4.546M	0.8%	$32.17	$32.17	—	COM	260543103
—	CLIFFS NATURAL RESOURCES INC	279,400	$4.54M	0.8%	$16.25	$16.25	—	COM	18683K101
PFE	PFIZER INC.	161,849	$4.533M	0.8%	$28.01 *	$16.46	-3.5%	COM	717081103
UNH	UNITED HEALTH GROUP INC	69,200	$4.531M	0.8%	$65.48 *	$50.75	+5.6%	COM	91324P102
WM	WASTE MANAGEMENT INC	111,516	$4.497M	0.8%	$40.33 *	$30.75	+0.5%	COM	94106L109
KMB	KIMBERLY CLARK	45,520	$4.422M	0.8%	$97.14 *	$63.06	-2.9%	COM	494368103
—	PEOPLES UNITED FINANCIAL INC	292,615	$4.36M	0.8%	$14.90	$14.90	—	COM	712704105
MAT	MATTEL INC	95,022	$4.305M	0.8%	$45.31	$44.76	+1.2%	COM	577081102
JNJ	JOHNSON & JOHNSON	49,585	$4.257M	0.8%	$85.85 *	$59.66	+1.6%	COM	478160104
WY	WEYERHAEUSER REIT	146,070	$4.162M	0.8%	$28.49 *	$18.73	-5.5%	COM	962166104
PAYX	PAYCHEX INC	112,976	$4.125M	0.8%	$36.51 *	$25.02	-0.9%	COM	704326107
—	MOLEX INC	139,840	$4.103M	0.8%	$29.34	$29.34	—	COM	608554101
WMT	WAL-MART STORES	50,075	$3.73M	0.7%	$74.49 *	$19.98	-2.9%	COM	931142103
ABBV	ABBVIE INC.	88,495	$3.658M	0.7%	$41.34 *	$26.55	-5.4%	COM	00287Y109
—	BOARDWALK PIPELINE MLP	111,940	$3.381M	0.6%	$30.20	$30.20	—	LTD	096627104
VZ	VERIZON COMMUNICATIONS	66,615	$3.353M	0.6%	$50.33 *	$27.04	-1.3%	COM	92343V104
XOM	EXXON MOBIL	33,305	$3.009M	0.6%	$90.35 *	$53.69	+0.7%	COM	30231G102
—	CBS CORP NEW CL B	57,930	$2.831M	0.5%	$48.87	$48.87	—	COM	124857202
FE	FIRSTENERGY CORP	75,370	$2.814M	0.5%	$37.34 *	$24.57	-10.8%	COM	337932107
—	AMR CORP	698,100	$2.813M	0.5%	$4.03	$4.03	—	COM	001765106
SLB	SCHLUMBERGER	38,591	$2.765M	0.5%	$71.65 *	$52.90	-2.9%	COM	806857108
COP	CONOCOPHILLIPS	44,066	$2.666M	0.5%	$60.50 *	$39.96	+0.1%	COM	20825C104
CVX	CHEVRON CORP.	21,046	$2.491M	0.5%	$118.36 *	$71.30	-1.7%	COM	166764100
FITB	FIFTH THIRD BANCORP	137,000	$2.473M	0.5%	$18.05 *	$11.47	+4.3%	COM	316773100
KO	COCA-COLA	57,925	$2.323M	0.4%	$40.10 *	$27.85	-2.6%	COM	191216100
VFC	V F CORP.	11,032	$2.13M	0.4%	$193.07 *	$42.45	+7.1%	COM	918204108
AXP	AMERICAN EXPRESS	27,930	$2.088M	0.4%	$74.76 *	$59.62	+5.1%	COM	025816109
CL	COLGATE PALMOLIVE	35,200	$2.017M	0.4%	$57.30 *	$44.38	-3.4%	COM	194162103
—	VMWARE INC	21,120	$1.415M	0.3%	$67.00	$67.00	—	COM	928563402
EPD	ENTERPRISE PRODUCTS MLP	22,184	$1.379M	0.3%	$62.16	$62.16	—	LTD	293792107
IWF	ISHARES RUSSELL 1000 GROWTH ET	11,970	$871K	0.2%	$72.77 *	$18.32	-0.7%	COM	464287614
BMY	BRISTOL MYERS SQUIBB	15,500	$693K	0.1%	$44.71 *	$28.67	+3.0%	COM	110122108
—	PEABODY ENERGY	45,740	$670K	0.1%	$14.65	$14.65	—	COM	704549104
CVS	CVS CORP.	11,584	$662K	0.1%	$57.15 *	$41.44	-1.2%	COM	126650100
SPY	SPDR S&P 500 ETF TRUST	4,033	$647K	0.1%	$160.43	$161.08	-0.4%	COM	78462F103
PG	PROCTER & GAMBLE	7,616	$586K	0.1%	$76.94 *	$55.00	-1.7%	COM	742718109
—	GENERAL MTRS CO WT EXP 071016	23,034	$553K	0.1%	$24.01	$24.01	—	WT	37045V118
—	S&P MIDCAP 400 ETF	2,630	$553K	0.1%	$210.27	$210.27	—	COM	595635103
PEP	PEPSICO	6,738	$551K	0.1%	$81.78 *	$56.00	+0.7%	COM	713448108
—	DU PONT	9,750	$512K	0.1%	$52.51	$52.51	—	COM	263534109
SDY	SPDR SERIES TRUST S&P DIVID ET	7,650	$507K	0.1%	$66.27	$67.34	-1.6%	COM	78464A763
—	MAGELLAN MIDSTREAM MLP	9,200	$501K	0.1%	$54.46	$54.46	—	LTD	559080106
—	BASF SE - FOREIGN	5,200	$467K	0.1%	$89.81	$89.81	—	COM	AC10054Q2
—	LORILLARD INC	10,560	$461K	0.1%	$43.66	$43.66	—	COM	544147101
CAG	CONAGRA INC.	12,365	$432K	0.1%	$34.94 *	$17.69	+0.7%	COM	205887102
FCX	FREEPORT-MCMORAN CL B	15,000	$414K	0.1%	$27.60 *	$24.45	-6.1%	COM	35671D857
—	DUKE ENERGY CORP	6,091	$411K	0.1%	$67.48	$67.48	—	COM	26441C105
MCD	MCDONALD'S CORP.	4,100	$406K	0.1%	$99.02 *	$71.80	-0.6%	COM	580135101
—	GENERAL MTRS CO WT EXP 071019	23,034	$377K	0.1%	$16.37	$16.37	—	WT	37045V126
MSFT	MICROSOFT CORP.	9,600	$332K	0.1%	$34.58 *	$26.70	+5.8%	COM	594918104
UDR	UDR INC. REIT	10,911	$278K	0.1%	$25.48 *	$15.84	+2.9%	COM	902653104
TGT	TARGET CORP.	3,924	$270K	0.0%	$68.81 *	$47.95	-0.8%	COM	87612E106
IBM	IBM CORP.	1,400	$268K	0.0%	$191.43 *	$118.94	-6.0%	COM	459200101
HD	HOME DEPOT	3,314	$257K	0.0%	$77.55 *	$56.05	+3.5%	COM	437076102
PAA	PLAINS ALL AMERICAN PIPELINE M	4,600	$257K	0.0%	$55.87	$55.87	—	LTD	726503105
—	LINDE AG MARKET-FOREIGN	1,300	$243K	0.0%	$186.92	$186.92	—	COM	574081907
SO	SOUTHERN CO.	5,370	$237K	0.0%	$44.13 *	$26.74	-3.7%	COM	842587107
TM	TOYOTA MOTOR CORP SP ADR 2COM	1,900	$229K	0.0%	$120.53	$116.78	+3.3%	COM	892331307
—	KINDER MORGAN ENERGY MLP	2,540	$217K	0.0%	$85.43	$85.43	—	LTD	494550106
COST	COSTCO WHOLESALE	1,962	$217K	0.0%	$110.60 *	$86.56	+1.3%	COM	22160K105
—	BAYER AG DEM MARKET-FOREIGN	2,000	$213K	0.0%	$106.50	$106.50	—	COM	506921907
F	FORD MOTOR CO.	13,300	$206K	0.0%	$15.49 *	$7.61	+8.2%	COM	345370860
UMH	UMH PROPERTIES REIT	17,025	$175K	0.0%	$10.28	$10.28	—	COM	903002103
—	COMMUNITY BANKERS TRUST CORP	24,895	$90,000	0.0%	$3.62	$3.62	—	COM	203612106
—	CHESAPEAKE ENERGY CORP.	1,000	$20,000	0.0%	$20.00	$20.00	—	COM	165167107
—	AMERICAN SOIL TECH INC - RESTR	3,125,000	$12,000	0.0%	$0.00	$0.00	—	COM	02968P100
—	IMAGING3 INC COM	10,000	$0	0.0%	$0.00	—	—	COM	45248F103