SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Kaneb(KAB)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MARIO PASQUA who wrote (54)3/24/1998 5:14:00 PM
From: Robert T. Quasius  Read Replies (1) of 91
 
This stock lacks the volatility of many other small cap stocks, yet is a steady performer.

The undervalued fundamentals tends to put a floor under the stock price. As Kaneb grows the earnings, I expect the price to grow correspondingly. At some point in time, I expect the street to "discover" KAB and valuations will reach fair value (i.e. current P/E matches growth rate).

I think a fair valuation is in the $10-12 range, and even in that range I would expect the price to track the earnings growth, in the 25-30% range.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext