The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFLAC Inc. COM 001055102 6,699 126,635 SH   SOLE   126,635 0 0
AGCO Corp COM 001084102 362 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 1,529 39,137 SH   SOLE   39,137 0 0
AbbVie, Inc. COM 00287y109 2,524 28,510 SH   SOLE   28,510 0 0
Abbott Laboratories COM 002824100 8,465 97,451 SH   SOLE   97,451 0 0
Adobe Systems Inc COM 00724F101 305 926 SH   SOLE   926 0 0
Alaska Air Group Inc. COM 011659109 811 11,965 SH   SOLE   11,965 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 301 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 5,119 3,822 SH   SOLE   3,822 0 0
Altria Group Inc. COM 02209s103 7,822 156,729 SH   SOLE   156,729 0 0
Amazon.com, Inc. COM 023135106 261 141 SH   SOLE   141 0 0
American Express Co. COM 025816109 1,125 9,033 SH   SOLE   9,033 0 0
American International Group COM 026874784 5,327 103,787 SH   SOLE   103,787 0 0
Ameriprise Financial Inc. COM 03076c106 781 4,688 SH   SOLE   4,688 0 0
Amgen Inc. COM 031162100 1,485 6,158 SH   SOLE   6,158 0 0
Anthem, Inc. COM 036752103 14,681 48,609 SH   SOLE   48,609 0 0
Apple, Inc. COM 037833100 2,790 9,500 SH   SOLE   9,500 0 0
Automatic Data Processing COM 053015103 1,624 9,522 SH   SOLE   9,522 0 0
Bank of America Corp COM 060505104 12,010 341,001 SH   SOLE   341,001 0 0
Bank of New York Mellon Corp COM 064058100 12,283 244,059 SH   SOLE   244,059 0 0
Becton Dickinson & Co COM 075887109 5,661 20,815 SH   SOLE   20,815 0 0
Berkshire Hathaway Inc. Class COM 084670108 340 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 5,676 25,060 SH   SOLE   25,060 0 0
Biogen Inc. COM 09062x103 8,135 27,417 SH   SOLE   27,417 0 0
Boeing Company COM 097023105 4,951 15,199 SH   SOLE   15,199 0 0
Booking Holdings Inc. COM 09857L108 4,563 2,222 SH   SOLE   2,222 0 0
Bristol Myers Squibb Co. COM 110122108 410 6,380 SH   SOLE   6,380 0 0
CDK Global, Inc. COM 12508e101 217 3,967 SH   SOLE   3,967 0 0
CVS Health Corp. COM 126650100 6,614 89,032 SH   SOLE   89,032 0 0
Caterpillar Inc. COM 149123101 571 3,865 SH   SOLE   3,865 0 0
Celanese Corp COM 150870103 3,697 30,025 SH   SOLE   30,025 0 0
Central Pacific Financial Co COM 154760409 2,922 98,797 SH   SOLE   98,797 0 0
CenturyLink Inc. COM 156700106 596 45,150 SH   SOLE   45,150 0 0
Cerner Corporation COM 156782104 6,362 86,690 SH   SOLE   86,690 0 0
Chevron Corp. COM 166764100 3,314 27,499 SH   SOLE   27,499 0 0
Cigna Corp COM 125523100 4,560 22,300 SH   SOLE   22,300 0 0
Cisco Sys Inc. COM 17275R102 2,645 55,141 SH   SOLE   55,141 0 0
Citigroup Inc. COM 172967424 6,198 77,583 SH   SOLE   77,583 0 0
Coca-Cola Company COM 191216100 6,592 119,091 SH   SOLE   119,091 0 0
Cognizant Technology Solutions COM 192446102 2,874 46,333 SH   SOLE   46,333 0 0
Comcast Corp Cl A COM 20030n101 4,853 107,920 SH   SOLE   107,920 0 0
Compass Minerals Intl. COM 20451n101 223 3,665 SH   SOLE   3,665 0 0
ConAgra Foods Inc. COM 205887102 917 26,775 SH   SOLE   26,775 0 0
ConocoPhillips COM 20825c104 1,978 30,419 SH   SOLE   30,419 0 0
Corning Inc COM 219350105 5,014 172,251 SH   SOLE   172,251 0 0
Corteva, Inc. COM 22052L104 1,744 59,009 SH   SOLE   59,009 0 0
Costco Wholesale Corp COM 22160k105 2,871 9,767 SH   SOLE   9,767 0 0
Cypress Semiconductor COM 232806109 231 9,900 SH   SOLE   9,900 0 0
DR Horton, Inc COM 23331a109 899 17,050 SH   SOLE   17,050 0 0
Delta Airlines - New COM 247361702 784 13,400 SH   SOLE   13,400 0 0
Digital Realty Trust COM 253868103 228 1,900 SH   SOLE   1,900 0 0
Discovery,Inc. Series A COM 25470f104 6,762 206,522 SH   SOLE   206,522 0 0
Discovery,Inc. Series C COM 25470F302 256 8,391 SH   SOLE   8,391 0 0
Dow Inc. COM 260557103 3,219 58,825 SH   SOLE   58,825 0 0
DuPont de Nemours, Inc COM 26614n102 3,740 58,254 SH   SOLE   58,254 0 0
Dunkin Brands Group, Inc. COM 265504100 304 4,025 SH   SOLE   4,025 0 0
Entergy Corp COM 29364G103 210 1,750 SH   SOLE   1,750 0 0
Exxon Mobil Corp COM 30231G102 971 13,911 SH   SOLE   13,911 0 0
Facebook, Inc. COM 30303m102 2,875 14,005 SH   SOLE   14,005 0 0
Fastenal Co. COM 311900104 240 6,500 SH   SOLE   6,500 0 0
Fedex Corp COM 31428X106 2,284 15,105 SH   SOLE   15,105 0 0
Ford Motor Co.- New COM 345370860 118 12,682 SH   SOLE   12,682 0 0
Fox Corporation Class A COM 35137L105 232 6,262 SH   SOLE   6,262 0 0
Franklin Resources Inc. COM 354613101 3,491 134,378 SH   SOLE   134,378 0 0
GAMCO Investors Inc. COM 361438104 195 10,000 SH   SOLE   10,000 0 0
Gates Industrial Corporation P COM g39108108 404 29,357 SH   SOLE   29,357 0 0
General Electric Co. COM 369604103 262 23,504 SH   SOLE   23,504 0 0
General Mills COM 370334104 296 5,521 SH   SOLE   5,521 0 0
General Motors Company COM 37045v100 1,259 34,399 SH   SOLE   34,399 0 0
Gilead Sciences Inc. COM 375558103 647 9,950 SH   SOLE   9,950 0 0
H & R Block Inc. COM 093671105 1,540 65,567 SH   SOLE   65,567 0 0
HP Inc. COM 40434L105 270 13,128 SH   SOLE   13,128 0 0
Hewlett Packard Enterprise Co. COM 42824c109 232 14,600 SH   SOLE   14,600 0 0
Home Depot Inc. COM 437076102 6,018 27,556 SH   SOLE   27,556 0 0
Illinois Tool Works Inc. COM 452308109 209 1,161 SH   SOLE   1,161 0 0
Intel Corp. COM 458140100 2,001 33,426 SH   SOLE   33,426 0 0
Interpublic Group COM 460690100 237 10,268 SH   SOLE   10,268 0 0
IsoRay, Inc. COM 46489v104 9 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,274 12,233 SH   SOLE   12,233 0 0
Johnson & Johnson COM 478160104 13,649 93,570 SH   SOLE   93,570 0 0
Keurig Dr. Pepper Inc. COM 49271v100 439 15,148 SH   SOLE   15,148 0 0
Kroger Co. COM 501044101 11,393 393,013 SH   SOLE   393,013 0 0
Laboratory Corp. of America COM 50540r409 243 1,435 SH   SOLE   1,435 0 0
Lamb Weston Holdings COM 513272104 1,305 15,174 SH   SOLE   15,174 0 0
Lincoln Educational COM 533535100 552 204,261 SH   SOLE   204,261 0 0
Lloyds TSB Group COM 539439109 129 39,000 SH   SOLE   39,000 0 0
Lowes Companies COM 548661107 4,330 36,155 SH   SOLE   36,155 0 0
Manitex Intl COM 563420108 1,163 195,431 SH   SOLE   195,431 0 0
ManpowerGroup Inc. COM 56418h100 452 4,650 SH   SOLE   4,650 0 0
Marsh & McLennan Co. COM 571748102 4,163 37,362 SH   SOLE   37,362 0 0
Mastercard Inc. COM 57636q104 16,897 56,590 SH   SOLE   56,590 0 0
McDonalds Corp COM 580135101 2,415 12,220 SH   SOLE   12,220 0 0
Merck & Co.Inc. New COM 58933y105 11,631 127,886 SH   SOLE   127,886 0 0
Microsoft Corp. COM 594918104 20,440 129,610 SH   SOLE   129,610 0 0
Molson Coors Brewing Co COM 60871r209 5,793 107,476 SH   SOLE   107,476 0 0
Mondelez International, Inc. COM 609207105 2,140 38,860 SH   SOLE   38,860 0 0
Monster Beverage Corp. COM 61174x109 2,212 34,800 SH   SOLE   34,800 0 0
Nike Inc Class B COM 654106103 1,661 16,400 SH   SOLE   16,400 0 0
Oracle Corp COM 68389X105 6,218 117,362 SH   SOLE   117,362 0 0
Parker-Hannifin Corp. COM 701094104 282 1,370 SH   SOLE   1,370 0 0
Paychex Inc. COM 704326107 3,807 44,760 SH   SOLE   44,760 0 0
Pepsico Inc. COM 713448108 14,866 108,773 SH   SOLE   108,773 0 0
Pfizer Inc. COM 717081103 2,906 74,165 SH   SOLE   74,165 0 0
Philip Morris International COM 718172109 17,554 206,301 SH   SOLE   206,301 0 0
Phillips 66 COM 718546104 2,124 19,067 SH   SOLE   19,067 0 0
Procter & Gamble Co. COM 742718109 3,544 28,377 SH   SOLE   28,377 0 0
Pyxus International Inc. COM 74737v106 122 13,655 SH   SOLE   13,655 0 0
Qualcomm Inc COM 747525103 270 3,060 SH   SOLE   3,060 0 0
Quest Diagnostics Inc. COM 74834L100 4,063 38,045 SH   SOLE   38,045 0 0
Raytheon Company COM 755111507 2,747 12,500 SH   SOLE   12,500 0 0
RumbleOn, Inc. COM 781386206 53 64,009 SH   SOLE   64,009 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,587 86,986 SH   SOLE   86,986 0 0
Starbucks Corp COM 855244109 1,004 11,418 SH   SOLE   11,418 0 0
Tapestry Inc. COM 876030107 274 10,145 SH   SOLE   10,145 0 0
The Kraft Heinz Company COM 500754106 417 12,985 SH   SOLE   12,985 0 0
The Mosaic Company COM 61945c103 1,452 67,081 SH   SOLE   67,081 0 0
The Travelers Companies Inc. COM 89417e109 8,416 61,450 SH   SOLE   61,450 0 0
The Walt Disney Co. COM 254687106 2,379 16,446 SH   SOLE   16,446 0 0
US Bancorp Delaware New COM 902973304 571 9,635 SH   SOLE   9,635 0 0
Union Pacific Corp COM 907818108 1,910 10,565 SH   SOLE   10,565 0 0
United Parcel Service Inc. COM 911312106 1,956 16,710 SH   SOLE   16,710 0 0
UnitedHealth Group Inc. COM 91324p102 26,121 88,854 SH   SOLE   88,854 0 0
Unum Group COM 91529y106 2,136 73,237 SH   SOLE   73,237 0 0
Valero Energy Corp. COM 91913y100 5,922 63,231 SH   SOLE   63,231 0 0
Value Line Inc. COM 920437100 224 7,740 SH   SOLE   7,740 0 0
Verizon Communications COM 92343V104 2,143 34,900 SH   SOLE   34,900 0 0
ViacomCBS Inc. B COM 92556h206 526 12,545 SH   SOLE   12,545 0 0
Visa, Inc. COM 92826c839 8,310 44,228 SH   SOLE   44,228 0 0
WW International, Inc. COM 98262p101 575 15,042 SH   SOLE   15,042 0 0
Waddell & Reed Financial COM 930059100 169 10,108 SH   SOLE   10,108 0 0
Wal Mart Stores COM 931142103 6,371 53,612 SH   SOLE   53,612 0 0
Washington Federal COM 938824109 1,705 46,512 SH   SOLE   46,512 0 0
Waste Management Inc. Del COM 94106L109 203 1,782 SH   SOLE   1,782 0 0
Wells Fargo & Co. COM 949746101 1,564 29,066 SH   SOLE   29,066 0 0
Western Union Company COM 959802109 779 29,105 SH   SOLE   29,105 0 0
Weyerhaeuser Co. COM 962166104 407 13,472 SH   SOLE   13,472 0 0
Yum! Brands, Inc. COM 988498101 1,323 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 10,557 70,529 SH   SOLE   70,529 0 0
58.com Inc. FOR 31680q104 285 4,400 SH   SOLE   4,400 0 0
AON Plc FOR g0408v102 211 1,012 SH   SOLE   1,012 0 0
Alkermes PLC FOR g01767105 561 27,491 SH   SOLE   27,491 0 0
Allegion PLC FOR g0176j109 453 3,637 SH   SOLE   3,637 0 0
Allergan PLC FOR g0177j108 1,613 8,440 SH   SOLE   8,440 0 0
America Movil ADR FOR 02364W105 5,050 315,619 SH   SOLE   315,619 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,727 213,245 SH   SOLE   213,245 0 0
BP p.l.c. FOR 055622104 8,170 216,479 SH   SOLE   216,479 0 0
British American Tobacco FOR 110448107 2,793 65,785 SH   SOLE   65,785 0 0
Colliers International Group FOR 194693107 558 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,896 215,343 SH   SOLE   215,343 0 0
Diageo PLC ADR FOR 25243q205 2,206 13,099 SH   SOLE   13,099 0 0
Enbridge Inc. FOR 29250n105 232 5,823 SH   SOLE   5,823 0 0
FirstService Corp Voting Share FOR 33767e103 689 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,676 56,951 SH   SOLE   56,951 0 0
Ingersoll Rand Co FOR g47791101 1,382 10,400 SH   SOLE   10,400 0 0
LyondellBasell Industries N.V. FOR n53745100 6,748 71,423 SH   SOLE   71,423 0 0
Medtronic PLC FOR g5960L103 16,418 144,718 SH   SOLE   144,718 0 0
Nokia Corp Sponsored ADR FOR 654902204 49 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,103 18,703 SH   SOLE   18,703 0 0
Sundial Growers Inc. FOR 86730L109 386 128,170 SH   SOLE   128,170 0 0
Taiwan Semiconductor Manufactu FOR 874039100 319 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 2,221 318,650 SH   SOLE   318,650 0 0
Textainer Group Holdings Limit FOR g8766e109 882 82,350 SH   SOLE   82,350 0 0
Toyota Motor Corp ADR FOR 892331307 235 1,670 SH   SOLE   1,670 0 0
Unilever NV New York Shs FOR 904784709 5,615 97,713 SH   SOLE   97,713 0 0
Yum China Holdings, Inc. FOR 98850p109 640 13,337 SH   SOLE   13,337 0 0