Emmett M. Murphy

                FORM 13F INFORMATION TABLE
                                                          VALUE    SHRS OR  SH/ PUT/ INVSTMT OTHER          VOTING   AUTHORITY
NAME OF ISSUER                 TITLE OF CLASS   CUSIP     (X$1000) PRN AMT  PRN CALL DISCRTN MANAGERS     SOLE     SHARED   NONE
{S}                            {C}              {C}       {C}      {C}      {C} {C}  {C}     {C}          {C}      {C}      {C}

BLOOMIN BRANDS INC.           EQUITY            094235108   1945  108900      SH       SOLE                 108900      0     0
CUTERA INC.                   EQUITY            232109108   1130  86931       SH       SOLE                 86931       0     0
ENDEAVOR INTERNATIONAL        EQUITY            29259G200   440   149250      SH       SOLE                 149250      0     0
ENERGY PARTNERS LTD.          EQUITY            26883D108   4414  164634      SH       SOLE                 164634      0     0
FRANCESCA'S HOLDING CORP      EQUITY            351793104   2213  77043       SH       SOLE                 77043       0     0
GREEN DOT CORP.               EQUITY            39304D102   2381  142495      SH       SOLE                 142495      0     0
GULFPORT ENERGY CORP          EQUITY            402635304   3208  70000       SH       SOLE                 70000       0     0
GUIDANCE SOFTWARE INC.        EQUITY            401692108   398   36700       SH       SOLE                 36700       0     0
LEUCADIA NATIONAL CORP        EQUITY            527288104   1920  70000       SH       SOLE                 70000       0     0
NAVISTAR INTERNATIONAL CORP   EQUITY            63934E108   1158  33500       SH       SOLE                 33500       0     0
NETSPEND HOLDINGS             EQUITY            64118V106   4362  274498      SH       SOLE                 274498      0     0
ORION MARINE GROUP INC.       EQUITY            68628V308   1982  199400      SH       SOLE                 199400      0     0
THE PANTRY INC.               EQUITY            698657103   2043  163859      SH       SOLE                 163859      0     0
PRIMORIS SERVICES CORP        EQUITY            74164F103   2715  122800      SH       SOLE                 122800      0     0
RUSH ENTERPRISES INC          EQUITY            781846209   2156  89398       SH       SOLE                 89398       0     0
SAFEGUARD SCIENTIFICS INC     EQUITY            786449207   2979  188514      SH       SOLE                 188514      0     0
STEVE MADDEN LTD.             EQUITY            556269108   2378  55000       SH       SOLE                 55000       0     0
SUNOPTA INC                   EQUITY            8676EP108   2886  400831      SH       SOLE                 400831      0     0
TRANSATLANTIC PETROLEUM LTD   EQUITY            G89982105   699   702200      SH       SOLE                 702200      0     0
VIEWPOINT FINANCIAL GROUP     EQUITY            92672A101   1951  97000       SH       SOLE                 97000       0     0
    Page Column Totals                                      43358