ValueWorks as of Dec. 31, 2011
Portfolio Holdings for ValueWorks
ValueWorks holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
{S} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C} {C}
Bank of America CNV PFD L 7.25%CNV PFD L 060505682 2911 3703 SOLE 3703
Sony Corporation ADR ADR NEW 835699307 1034 57322 SOLE 57322
New York Times cl A CL A 650111107 4730 611869 SOLE 611869
3M Company COM 88579Y101 3182 38938 SOLE 38938
Affirmative Insurance COM 008272106 5 10000 SOLE 10000
American Express Co. COM 025816109 7644 162054 SOLE 162054
Bank of America Corp COM 060505104 445 80000 SOLE 80000
Boeing Company COM 097023105 7000 95431 SOLE 95431
Boston Scientific Corp COM 101137107 4485 839860 SOLE 839860
Chesapeake Energy Corp COM 165167107 4450 199659 SOLE 199659
Cisco Systems Inc. COM 17275R102 6559 362777 SOLE 362777
ConocoPhillips COM 20825C104 838 11500 SOLE 11500
Corning Inc. COM 219350105 5438 418972 SOLE 418972
Dow Chemical Company COM 260543103 5095 177153 SOLE 177153
Eli Lilly & Co. COM 532457108 6205 149305 SOLE 149305
Hewlett-Packard Co COM 428236103 3544 137578 SOLE 137578
Legg Mason Inc. COM 524901105 4040 167998 SOLE 167998
Live Nation, Inc. COM 538034109 3245 390487 SOLE 390487
Maui Land & Pineapple Co. COM 577345101 5603 1343747 SOLE 1343747
MBIA Inc COM 55262C100 1446 124760 SOLE 124760
Micron Technology Inc COM 595112103 4579 727994 SOLE 727994
Newfield Exploration Co. COM 651290108 398 10550 SOLE 10550
Paccar Inc. COM 693718108 6223 166083 SOLE 166083
Pfizer Inc. COM 717081103 4458 206012 SOLE 206012
Prudential Financial Inc COM 744320102 251 5000 SOLE 5000
QEP Resources, Inc. COM 74733V100 2212 75495 SOLE 75495
Qualcomm Inc. COM 747525103 1069 19551 SOLE 19551
Questar Corporation COM 748356102 1681 84651 SOLE 84651
Rowan Companies Inc. COM 779382100 3460 114076 SOLE 114076
StanCorp Financial Group COM 852891100 257 7000 SOLE 7000
Teco Energy Inc. COM 872375100 4638 242331 SOLE 242331
Tejon Ranch Co. COM 879080109 466 19020 SOLE 19020
Williams Companies COM 969457100 7402 224174 SOLE 224174
Zimmer Holdings Inc COM 98956P102 3653 68385 SOLE 68385
Calpine Corp. COM NEW 131347304 7544 461975 SOLE 461975
Sprint Nextel Corp. COM SER 1 852061100 2593 1108281 SOLE 1108281
Mesabi Trust CTF BEN INT 590672101 3566 142059 SOLE 142059
Albany International FRNT 2.250% 3/1 012348AC2 9 10000 SOLE 10000
MF Global 1.875% 02/01/2016 NOTE 1.875% 2/0 55277JAA6 720 2400000 SOLE 2400000
WellsFargo Pfd Series L PERP PFD CNV A 949746804 695 658 SOLE 658
BP PLC ADS SPONSORED ADR 055622104 1592 37250 SOLE 37250
POSCO ADS SPONSORED ADR 693483109 657 8000 SOLE 8000