Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAL	AMERICAN AIRLINES GROUP	1,083,751	$27.36M	4.4%	$21.78	0.0%	COM	02376R102
OXY	OCCIDENTAL PETROLEUM	276,600	$26.3M	4.2%	$57.83	+9.6%	Call	674599105
C	CITIGROUP INC	499,043	$26M	4.2%	$36.02	+4.6%	COM	172967424
—	ENSCO PLC SHS CL A	430,684	$24.63M	3.9%	$57.94	—	COM	G3157S106
MS	MORGAN STANLEY	767,495	$24.07M	3.8%	$17.33	+25.8%	COM	617446448
INTC	INTEL CORP.	874,577	$22.7M	3.6%	$17.18	+4.4%	COM	458140100
RAIL	FREIGHTCAR AMER INC	701,370	$18.67M	3.0%	$18.91	+23.7%	COM	357023100
DHI	D R HORTON INC	734,996	$16.41M	2.6%	$18.88	-10.2%	COM	23331A109
—	WINDSTREAM HOLDINGS, INC.	2,041,720	$16.29M	2.6%	$7.99	—	COM	97382A101
UAL	UNITED CONTINENTAL	412,285	$15.6M	2.5%	$31.81	+10.1%	COM	910047109
DAL	DELTA AIR LINES	560,400	$15.39M	2.5%	$14.99	+55.6%	COM	247361702
—	ALPHA NATURAL RESOURCES	2,017,308	$14.4M	2.3%	$5.24	—	COM	02076X102
M	MACYS INC.	256,019	$13.67M	2.2%	$46.44	+4.4%	COM	55616P104
—	NUANCE COMMUNICATIONS	839,800	$12.77M	2.0%	$16.36	—	COM	67020Y100
ORCL	ORACLE CORP.	321,085	$12.29M	2.0%	$27.58	+4.4%	COM	68389X105
—	COBALT INTL ENERGY INC	699,900	$11.51M	1.8%	$16.45	—	Call	19075F106
—	CLIFFS NATURAL RESOURCES INC	419,500	$10.99M	1.8%	$17.67	—	COM	18683K101
HAL	HALLIBURTON CO.	213,700	$10.85M	1.7%	$33.21	+24.3%	COM	406216101
—	SYNERON MEDICAL LTD ORD SHS	838,900	$10.32M	1.7%	$8.70	—	COM	M87245102
—	NEW YORK COMMUNITY BANCORP	582,065	$9.808M	1.6%	$14.01	—	COM	649445103
AAPL	APPLE INC	16,520	$9.268M	1.5%	$13.16	+24.4%	COM	037833100
—	HOSPITALITY PPTYS TR REIT	328,345	$8.875M	1.4%	$26.34	—	COM	44106M102
SCCO	SOUTHERN COPPER CORP	294,413	$8.453M	1.4%	$19.68	-11.5%	COM	84265V105
—	PLUM CREEK TIMBER REIT	179,065	$8.328M	1.3%	$46.71	—	COM	729251108
—	WELLPOINT INC	81,882	$7.565M	1.2%	$81.84	—	COM	94973V109
LMT	LOCKHEED MARTIN CORP	48,865	$7.264M	1.2%	$71.65	+35.6%	COM	539830109
GS	GOLDMAN SACHS GROUP	40,182	$7.123M	1.1%	$120.06	+8.8%	COM	38141G104
—	GENERAL ELECTRIC	252,419	$7.075M	1.1%	$23.19	—	COM	369604103
KIM	KIMCO REALTY REIT	357,185	$7.054M	1.1%	$12.31	-5.6%	COM	49446R109
—	HOLLYFRONTIER CORP	140,270	$6.97M	1.1%	$42.55	—	COM	436106108
VZ	VERIZON COMMUNICATIONS	139,227	$6.842M	1.1%	$26.81	-0.7%	COM	92343V104
BRK/B	BERKSHIRE HATHAWAY - CL B	57,477	$6.814M	1.1%	$110.17	+5.0%	COM	084670702
OXY	OCCIDENTAL PETROLEUM	71,400	$6.79M	1.1%	$57.83	+9.6%	COM	674599105
—	SIX FLAGS ENTMT CORP	184,335	$6.787M	1.1%	$35.21	—	COM	83001A102
WY	WEYERHAEUSER REIT	213,110	$6.728M	1.1%	$18.37	+2.5%	COM	962166104
ZBH	ZIMMER HLDGS INC	70,801	$6.598M	1.1%	$67.30	+16.3%	COM	98956P102
—	DOMTAR CORP	69,900	$6.594M	1.1%	$66.50	—	COM	257559203
PM	PHILIP MORRIS INT'L INC.	73,178	$6.376M	1.0%	$49.82	-4.0%	COM	718172109
MRK	MERCK & CO.	124,875	$6.25M	1.0%	$30.03	+4.2%	COM	58933Y105
LEG	LEGGETT & PLATT INC	199,745	$6.18M	1.0%	$32.20	-7.5%	COM	524660107
—	ROYAL DUTCH SHELL PLC SPON ADR	82,259	$6.178M	1.0%	$66.29	—	COM	780259107
—	DOW CHEMICAL	136,200	$6.047M	1.0%	$32.17	—	COM	260543103
GM	GENERAL MOTORS CO	141,703	$5.791M	0.9%	$28.17	0.0%	COM	37045V100
—	MICHAEL KORS HOLDINGS LTD	69,500	$5.643M	0.9%	$74.52	—	COM	G60754101
MCHP	MICROCHIP TECHNOLOGY	125,360	$5.61M	0.9%	$13.83	+16.9%	COM	595017104
FHI	FEDERATED INVESTORS INC	192,690	$5.549M	0.9%	$14.58	+9.8%	COM	314211103
PAYX	PAYCHEX INC	111,575	$5.08M	0.8%	$25.06	+17.4%	COM	704326107
CSCO	CISCO SYSTEMS	224,980	$5.046M	0.8%	$15.24	-0.2%	COM	17275R102
WM	WASTE MANAGEMENT INC	106,945	$4.799M	0.8%	$30.75	+10.2%	COM	94106L109
PFE	PFIZER INC.	156,009	$4.779M	0.8%	$16.46	+7.1%	COM	717081103
ABBV	ABBVIE INC.	84,800	$4.478M	0.7%	$26.55	+14.5%	COM	00287Y109
—	PEOPLES UNITED FINANCIAL INC	288,310	$4.359M	0.7%	$14.89	—	COM	712704105
MAT	MATTEL INC	89,360	$4.252M	0.7%	$44.72	-0.3%	COM	577081102
KMB	KIMBERLY CLARK	39,410	$4.117M	0.7%	$63.04	+5.3%	COM	494368103
JNJ	JOHNSON & JOHNSON	44,115	$4.04M	0.6%	$59.66	+10.2%	COM	478160104
WMT	WAL-MART STORES	49,070	$3.861M	0.6%	$19.98	+1.8%	COM	931142103
—	CBS CORP NEW CL B	53,305	$3.398M	0.5%	$48.87	—	COM	124857202
SLB	SCHLUMBERGER	36,105	$3.253M	0.5%	$52.90	+23.0%	COM	806857108
XOM	EXXON MOBIL	32,080	$3.247M	0.5%	$53.69	+4.2%	COM	30231G102
COP	CONOCOPHILLIPS	42,955	$3.035M	0.5%	$40.02	+20.9%	COM	20825C104
—	BOARDWALK PIPELINE MLP	107,270	$2.738M	0.4%	$30.20	—	LTD	096627104
—	KRAFT FOODS GROUP INC	50,681	$2.732M	0.4%	$53.91	—	COM	50076Q106
FITB	FIFTH THIRD BANCORP	129,100	$2.715M	0.4%	$11.47	+14.0%	COM	316773100
VFC	V F CORP.	41,576	$2.592M	0.4%	$49.64	+5.0%	COM	918204108
—	GOOGLE INC.	2,222	$2.49M	0.4%	$880.33	—	COM	38259P508
T	AT&T INC.	70,466	$2.478M	0.4%	$11.40	-2.0%	COM	00206R102
FE	FIRSTENERGY CORP	72,360	$2.386M	0.4%	$24.54	-13.8%	COM	337932107
CVX	CHEVRON CORP.	18,506	$2.312M	0.4%	$71.30	+1.7%	COM	166764100
AXP	AMERICAN EXPRESS	25,450	$2.309M	0.4%	$59.62	+16.2%	COM	025816109
KO	COCA-COLA	49,145	$2.03M	0.3%	$27.85	-3.3%	COM	191216100
CL	COLGATE PALMOLIVE	29,700	$1.937M	0.3%	$44.38	+9.1%	COM	194162103
—	VMWARE INC	19,445	$1.744M	0.3%	$67.00	—	COM	928563402
—	COBALT INTL ENERGY INC	100,400	$1.652M	0.3%	$16.45	—	COM	19075F106
—	PEABODY ENERGY	75,740	$1.479M	0.2%	$16.76	—	COM	704549104
EPD	ENTERPRISE PRODUCTS MLP	22,060	$1.463M	0.2%	$62.16	—	LTD	293792107
IWF	ISHARES RUSSELL 1000 GROWTH ET	11,345	$975K	0.2%	$72.77	—	COM	464287614
CVS	CVS CORP.	11,584	$829K	0.1%	$41.44	+11.8%	COM	126650100
—	GENERAL MTRS CO WT EXP 071016	24,254	$755K	0.1%	$24.37	—	WT	37045V118
SPY	SPDR S&P 500 ETF TRUST	4,038	$746K	0.1%	$160.55	—	COM	78462F103
—	DU PONT	9,750	$633K	0.1%	$52.51	—	COM	263534109
PG	PROCTER & GAMBLE	7,616	$620K	0.1%	$55.00	+5.5%	COM	742718109
—	S&P MIDCAP 400 ETF	2,505	$612K	0.1%	$210.27	—	COM	595635103
—	MAGELLAN MIDSTREAM MLP	9,200	$582K	0.1%	$54.46	—	LTD	559080106
FCX	FREEPORT-MCMORAN CL B	15,000	$566K	0.1%	$24.45	+23.0%	COM	35671D857
—	GENERAL MTRS CO WT EXP 071019	24,254	$561K	0.1%	$16.71	—	WT	37045V126
—	BASF SE - FOREIGN	5,200	$554K	0.1%	$89.81	—	COM	AC10054Q2
SDY	SPDR SERIES TRUST S&P DIVID ET	7,500	$545K	0.1%	$66.27	—	COM	78464A763
—	LORILLARD INC	10,560	$535K	0.1%	$43.66	—	COM	544147101
BMY	BRISTOL MYERS SQUIBB	9,500	$505K	0.1%	$28.67	+19.2%	COM	110122108
—	DUKE ENERGY CORP	6,091	$420K	0.1%	$67.48	—	COM	26441C105
CAG	CONAGRA INC.	11,865	$400K	0.1%	$17.69	-6.3%	COM	205887102
MCD	MCDONALD'S CORP.	4,100	$398K	0.1%	$71.80	-2.5%	COM	580135101
AJG	ARTHUR J. GALLAGHER & CO.	7,660	$359K	0.1%	$33.49	+9.0%	COM	363576109
PEP	PEPSICO	4,223	$350K	0.1%	$56.00	+3.1%	COM	713448108
—	BAYER AG DEM MARKET-FOREIGN	2,000	$280K	0.0%	$106.50	—	COM	506921907
HD	HOME DEPOT	3,314	$273K	0.0%	$56.05	+4.8%	COM	437076102
—	LINDE AG MARKET-FOREIGN	1,300	$272K	0.0%	$186.92	—	COM	574081907
IBM	IBM CORP.	1,400	$263K	0.0%	$118.94	-10.5%	COM	459200101
—	PORSCHE AUTOMOBIL-FOREIGN	2,500	$260K	0.0%	$87.60	—	COM	710106907
UDR	UDR INC. REIT	10,803	$252K	0.0%	$15.84	-1.5%	COM	902653104
TGT	TARGET CORP.	3,924	$248K	0.0%	$47.95	-7.0%	COM	87612E106
—	C.R. BARD INC	1,809	$242K	0.0%	$114.98	—	COM	067383109
PAA	PLAINS ALL AMERICAN PIPELINE M	4,600	$238K	0.0%	$55.87	—	LTD	726503105
COST	COSTCO WHOLESALE	1,962	$234K	0.0%	$86.56	+9.9%	COM	22160K105
TM	TOYOTA MOTOR CORP SP ADR 2COM	1,900	$232K	0.0%	$120.53	—	COM	892331307
LOW	LOWE'S COS INC.	4,485	$222K	0.0%	$36.41	+7.5%	COM	548661107
SO	SOUTHERN CO.	5,370	$221K	0.0%	$26.74	-8.1%	COM	842587107
ADSK	AUTODESK INC	4,300	$216K	0.0%	$43.82	0.0%	COM	052769106
—	ACCENTURE LTD	2,580	$212K	0.0%	$82.17	—	COM	G1150G111
BP	BP PLC-SPONSORED ADR	4,320	$210K	0.0%	$48.61	—	COM	055622104
—	MOTORS LIQ CO GUC TR UNIT BEN	6,360	$204K	0.0%	$35.38	—	COM	62010U101
NSRGY	NESTLE S A SPONSORED ADR	2,732	$201K	0.0%	$73.57	—	COM	641069406
F	FORD MOTOR CO.	12,700	$196K	0.0%	$7.61	+18.4%	COM	345370860
UMH	UMH PROPERTIES REIT	17,025	$160K	0.0%	$10.28	—	COM	903002103
—	COMMUNITY BANKERS TRUST CORP	24,895	$94,000	0.0%	$3.62	—	COM	203612106
—	AMERICAN SOIL TECH INC	3,125,000	$34,000	0.0%	$0.00	—	COM	02968P100