I don't know what exactly caused this move today. The latest news from the Company was good, but it is now about a week old. I contacted the Company late this afternoon, but was unable to reach the CFO, but instead talked briefly with the new Director of Investor Relations, Jeff Mitchell, whose first day was last Friday. He was not able to provide me with any rationale for the move, other than the obvious one, which is that KAB is a solid, yet undervalued, Company.
The Napeague Letter has been following KAB for over a year, since February 20, 1997 when its price was $3.50 a share. An in-depth Analysis of KAB can be found on the Napeague web site at napeague.com .
Bob Davis
The Napeague Letter
napeague.com |
