Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OXY	OCCIDENTAL PETROLEUM	276,600	$25.87M	4.5%	$57.83	+2.4%	Call	674599105
—	U S AIRWAYS GROUP INC	1,176,350	$22.3M	3.9%	$16.42	—	COM	90341W108
C	CITIGROUP INC	432,767	$20.99M	3.7%	$35.76	+5.2%	COM	172967424
MS	MORGAN STANLEY	772,505	$20.82M	3.6%	$17.33	+13.4%	COM	617446448
INTC	INTEL CORP.	886,512	$20.32M	3.5%	$17.18	-1.6%	COM	458140100
—	ENSCO PLC SHS CL A	348,787	$18.75M	3.3%	$58.12	—	COM	G3157S106
—	ALPHA NATURAL RESOURCES	2,792,105	$16.64M	2.9%	$5.24	—	COM	02076X102
DAL	DELTA AIR LINES	699,000	$16.49M	2.9%	$14.99	+20.4%	COM	247361702
UAL	UNITED CONTINENTAL	482,825	$14.83M	2.6%	$31.81	+1.2%	COM	910047109
RAIL	FREIGHTCAR AMER INC	701,370	$14.5M	2.5%	$18.91	-2.2%	COM	357023100
—	WINDSTREAM HOLDINGS, INC.	1,787,278	$14.28M	2.5%	$7.99	—	COM	97382A101
M	MACYS INC.	258,864	$11.2M	2.0%	$46.44	+0.6%	COM	55616P104
—	CHESAPEAKE ENERGY CORP.	419,200	$10.85M	1.9%	$20.00	—	Call	165167107
ORCL	ORACLE CORP.	325,265	$10.79M	1.9%	$27.58	-1.9%	COM	68389X105
—	COBALT INTL ENERGY INC COM	420,000	$10.44M	1.8%	—	—	Call	19075F106
HAL	HALLIBURTON CO.	213,700	$10.29M	1.8%	$33.21	+12.4%	COM	406216101
—	HOSPITALITY PPTYS TR REIT	340,150	$9.626M	1.7%	$26.34	—	COM	44106M102
—	NEW YORK COMMUNITY BANCORP	622,772	$9.41M	1.6%	$14.01	—	COM	649445103
—	HOLLYFRONTIER CORP	214,089	$9.015M	1.6%	$42.55	—	COM	436106108
—	CLIFFS NATURAL RESOURCES INC	419,500	$8.6M	1.5%	$17.67	—	COM	18683K101
—	PLUM CREEK TIMBER REIT	179,963	$8.428M	1.5%	$46.71	—	COM	729251108
—	DOMTAR CORP	104,900	$8.331M	1.5%	$66.50	—	COM	257559203
AAPL	APPLE INC	16,838	$8.028M	1.4%	$13.16	+8.5%	COM	037833100
—	MICHAEL KORS HOLDINGS LTD	104,500	$7.787M	1.4%	$74.52	—	COM	G60754101
DHI	D R HORTON INC	393,760	$7.651M	1.3%	$20.54	-15.4%	COM	23331A109
SCCO	SOUTHERN COPPER CORP	277,500	$7.559M	1.3%	$19.81	-9.8%	COM	84265V105
KIM	KIMCO REALTY REIT	368,049	$7.427M	1.3%	$12.31	-3.6%	COM	49446R109
—	SYNERON MEDICAL LTD ORD SHS	838,900	$7.231M	1.3%	$8.70	—	COM	M87245102
—	WELLPOINT INC	83,902	$7.015M	1.2%	$81.84	—	COM	94973V109
OXY	OCCIDENTAL PETROLEUM	71,400	$6.679M	1.2%	$57.83	+2.4%	COM	674599105
BRK/B	BERKSHIRE HATHAWAY - CL B	58,447	$6.634M	1.2%	$110.17	+4.7%	COM	084670702
PM	PHILIP MORRIS INT'L INC.	76,095	$6.589M	1.2%	$49.82	-4.9%	COM	718172109
GS	GOLDMAN SACHS GROUP	40,997	$6.486M	1.1%	$120.06	+5.9%	COM	38141G104
LMT	LOCKHEED MARTIN CORP	49,482	$6.311M	1.1%	$71.65	+20.1%	COM	539830109
WY	WEYERHAEUSER REIT	218,070	$6.243M	1.1%	$18.37	-4.0%	COM	962166104
—	GENERAL ELECTRIC	256,869	$6.137M	1.1%	$23.19	—	COM	369604103
MRK	MERCK & CO.	128,326	$6.109M	1.1%	$30.03	+3.1%	COM	58933Y105
ZBH	ZIMMER HLDGS INC	72,541	$5.959M	1.0%	$67.30	+5.6%	COM	98956P102
—	ROYAL DUTCH SHELL PLC SPON ADR	84,866	$5.843M	1.0%	$66.29	—	COM	780259107
DHI	D R HORTON INC	280,000	$5.44M	0.9%	$20.54	-15.4%	Call	23331A109
—	DOW CHEMICAL	141,215	$5.423M	0.9%	$32.17	—	COM	260543103
FHI	FEDERATED INVESTORS INC	198,575	$5.393M	0.9%	$14.58	+12.8%	COM	314211103
CSCO	CISCO SYSTEMS	228,365	$5.351M	0.9%	$15.24	+11.1%	COM	17275R102
LEG	LEGGETT & PLATT INC	176,302	$5.316M	0.9%	$32.52	-5.6%	COM	524660107
MCHP	MICROCHIP TECHNOLOGY	130,500	$5.258M	0.9%	$13.83	+9.5%	COM	595017104
—	NUANCE COMMUNICATIONS	280,000	$5.23M	0.9%	$18.68	—	COM	67020Y100
PFE	PFIZER INC.	165,219	$4.746M	0.8%	$16.46	-0.6%	COM	717081103
PAYX	PAYCHEX INC	115,646	$4.7M	0.8%	$25.06	+7.8%	COM	704326107
WM	WASTE MANAGEMENT INC	111,606	$4.603M	0.8%	$30.75	+4.1%	COM	94106L109
T	AT&T INC.	131,577	$4.45M	0.8%	$11.40	-3.9%	COM	00206R102
KMB	KIMBERLY CLARK	46,000	$4.334M	0.8%	$63.04	-3.1%	COM	494368103
—	PEOPLES UNITED FINANCIAL INC	296,275	$4.26M	0.7%	$14.89	—	COM	712704105
JNJ	JOHNSON & JOHNSON	48,485	$4.203M	0.7%	$59.66	+6.5%	COM	478160104
AJG	ARTHUR J. GALLAGHER & CO.	96,098	$4.195M	0.7%	$33.49	+2.3%	COM	363576109
MAT	MATTEL INC	97,042	$4.064M	0.7%	$44.72	-4.3%	COM	577081102
ABBV	ABBVIE INC.	89,105	$3.986M	0.7%	$26.55	+2.3%	COM	00287Y109
WMT	WAL-MART STORES	50,015	$3.699M	0.6%	$19.98	-1.0%	COM	931142103
—	BOARDWALK PIPELINE MLP	111,860	$3.397M	0.6%	$30.20	—	LTD	096627104
—	SIX FLAGS ENTMT CORP	97,700	$3.301M	0.6%	$33.79	—	COM	83001A102
SLB	SCHLUMBERGER	36,691	$3.242M	0.6%	$52.90	+11.5%	COM	806857108
COP	CONOCOPHILLIPS	44,676	$3.105M	0.5%	$40.02	+11.2%	COM	20825C104
VZ	VERIZON COMMUNICATIONS	65,065	$3.037M	0.5%	$27.04	-3.4%	COM	92343V104
—	CBS CORP NEW CL B	54,680	$3.016M	0.5%	$48.87	—	COM	124857202
—	AMR CORP	698,100	$2.869M	0.5%	$4.03	—	COM	001765106
FE	FIRSTENERGY CORP	76,330	$2.782M	0.5%	$24.54	-9.4%	COM	337932107
XOM	EXXON MOBIL	32,305	$2.78M	0.5%	$53.69	+0.9%	COM	30231G102
CVX	CHEVRON CORP.	20,596	$2.502M	0.4%	$71.30	+2.5%	COM	166764100
FITB	FIFTH THIRD BANCORP	130,200	$2.35M	0.4%	$11.47	+8.7%	COM	316773100
VFC	V F CORP.	10,622	$2.114M	0.4%	$42.45	+8.7%	COM	918204108
—	GOOGLE INC.	2,239	$1.961M	0.3%	$880.33	—	COM	38259P508
AXP	AMERICAN EXPRESS	25,730	$1.943M	0.3%	$59.62	+6.1%	COM	025816109
KO	COCA-COLA	50,625	$1.918M	0.3%	$27.85	-3.9%	COM	191216100
CL	COLGATE PALMOLIVE	30,000	$1.779M	0.3%	$44.38	+0.4%	COM	194162103
—	VMWARE INC	19,670	$1.591M	0.3%	$67.00	—	COM	928563402
EPD	ENTERPRISE PRODUCTS MLP	22,184	$1.354M	0.2%	$62.16	—	LTD	293792107
IWF	ISHARES RUSSELL 1000 GROWTH ET	11,970	$936K	0.2%	$72.77	—	COM	464287614
—	PEABODY ENERGY	42,940	$741K	0.1%	$14.65	—	COM	704549104
SPY	SPDR S&P 500 ETF TRUST	4,103	$689K	0.1%	$160.55	—	COM	78462F103
CVS	CVS CORP.	11,584	$657K	0.1%	$41.44	+3.2%	COM	126650100
—	GENERAL MTRS CO WT EXP 071016	23,034	$609K	0.1%	$24.01	—	WT	37045V118
—	S&P MIDCAP 400 ETF	2,630	$595K	0.1%	$210.27	—	COM	595635103
PG	PROCTER & GAMBLE	7,616	$576K	0.1%	$55.00	+2.2%	COM	742718109
—	DU PONT	9,750	$571K	0.1%	$52.51	—	COM	263534109
SDY	SPDR SERIES TRUST S&P DIVID ET	7,650	$527K	0.1%	$66.27	—	COM	78464A763
—	MAGELLAN MIDSTREAM MLP	9,200	$519K	0.1%	$54.46	—	LTD	559080106
—	BASF SE - FOREIGN	5,200	$497K	0.1%	$89.81	—	COM	AC10054Q2
FCX	FREEPORT-MCMORAN CL B	15,000	$496K	0.1%	$24.45	+5.0%	COM	35671D857
—	LORILLARD INC	10,560	$473K	0.1%	$43.66	—	COM	544147101
BMY	BRISTOL MYERS SQUIBB	9,500	$440K	0.1%	$28.67	+1.9%	COM	110122108
—	GENERAL MTRS CO WT EXP 071019	23,034	$428K	0.1%	$16.37	—	WT	37045V126
—	DUKE ENERGY CORP	6,091	$407K	0.1%	$67.48	—	COM	26441C105
MCD	MCDONALD'S CORP.	4,100	$394K	0.1%	$71.80	-1.7%	COM	580135101
CAG	CONAGRA INC.	11,865	$360K	0.1%	$17.69	+0.4%	COM	205887102
PEP	PEPSICO	4,223	$336K	0.1%	$56.00	+1.4%	COM	713448108
UDR	UDR INC. REIT	10,911	$259K	0.0%	$15.84	-0.9%	COM	902653104
IBM	IBM CORP.	1,400	$259K	0.0%	$118.94	-6.2%	COM	459200101
—	LINDE AG MARKET-FOREIGN	1,300	$257K	0.0%	$186.92	—	COM	574081907
HD	HOME DEPOT	3,314	$251K	0.0%	$56.05	+3.2%	COM	437076102
TGT	TARGET CORP.	3,924	$251K	0.0%	$47.95	-1.6%	COM	87612E106
TM	TOYOTA MOTOR CORP SP ADR 2COM	1,900	$243K	0.0%	$120.53	—	COM	892331307
PAA	PLAINS ALL AMERICAN PIPELINE M	4,600	$242K	0.0%	$55.87	—	LTD	726503105
—	BAYER AG DEM MARKET-FOREIGN	2,000	$236K	0.0%	$106.50	—	COM	506921907
COST	COSTCO WHOLESALE	1,962	$226K	0.0%	$86.56	+5.9%	COM	22160K105
—	MOTORS LIQ CO GUC TR UNIT BEN	6,360	$225K	0.0%	$35.38	—	COM	62010U101
F	FORD MOTOR CO.	13,300	$224K	0.0%	$7.61	+18.6%	COM	345370860
SO	SOUTHERN CO.	5,370	$221K	0.0%	$26.74	-5.3%	COM	842587107
—	PORSCHE AUTOMOBIL-FOREIGN	2,500	$219K	0.0%	$87.60	—	COM	710106907
LOW	LOWE'S COS INC.	4,485	$214K	0.0%	$36.41	0.0%	COM	548661107
—	C.R. BARD INC	1,809	$208K	0.0%	$114.98	—	COM	067383109
AKAM	AKAMAI TECHNOLOGIES	4,000	$207K	0.0%	$47.16	0.0%	COM	00971T101
—	KINDER MORGAN ENERGY MLP	2,540	$203K	0.0%	$85.43	—	LTD	494550106
UMH	UMH PROPERTIES REIT	17,025	$169K	0.0%	$10.28	—	COM	903002103
—	COMMUNITY BANKERS TRUST CORP	24,895	$92,000	0.0%	$3.62	—	COM	203612106
—	AMERICAN SOIL TECH INC	3,125,000	$68,000	0.0%	$0.00	—	COM	02968P100
—	CHESAPEAKE ENERGY CORP.	1,000	$26,000	0.0%	$20.00	—	COM	165167107
—	IMAGING3 INC COM	10,000	$0	0.0%	—	—	COM	45248F103