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Microcap & Penny Stocks : Kaneb(KAB) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Davis who wrote (81)	2/1/2000 2:25:00 PM
From: patwrk	Read Replies (2) \| Respond to of 91

Quiet here and RB but active thread at Yahoo!. I'm in this one with just a small for me play of 1050 shares--just enough to have an interest in watching the company for developments. Moderate profit to date from recent dip purchase. Signs both tch and fund. suggest 2000 may be good for KAB but short term difficult to predict. Here are two pretty good posts from RB: <<<KAB is in three businesses:1)they are the general partner for kaneb pipeline.They own approx. 5.1 million shares of the pipeline.Current market value approx. 140 million dollars.This puts a value of 4 3/8 in KAB shares.2)they own furmanite.This company is in the industrial service business worlwide. KAB paid 100 million dollars($3 a share) for this company back in 1991,more then it is worth now, which i est. to be worth approx. $11/2-$2 in KAB shares.Furmanite is in the process of turning their business around, so it should see a pickup in profits this year.3)The last business KAB is involved with is the information service business.This is and will be the most interesting business of them all.Although its revenue is only about 28 millions dollars at the end of 1999,I believe it can grow at leat 50% if not more over the next several years.As far as putting a valuation on this division it is hard.But if it was spun off from the parent is probably would be worth minimum $2-$3 a share.NOW IF YOU ADD UP THE VALUATIONS OF THE THREE DIVISIONS,YOU HAVE A COMPANY THAT IS WORTH ANYWHERE FROM $8-$10 NOT COUNTING THE $160 MILLION IN NET CARRYFORWARD LOSSES IF THEY SHOULD EVER SELL THE PIPELINE. Earnings should be out the last week of february. Looking for .13-.14 a share.This will be the 20th consecutive quarter of up earnings.THE ONLY THING WRONG WITH THIS COMPANY AT THE PRESENT TIME IS THAT MANAGEMENT IS NOT GETTING THE MESSAGE OUT TO WALL STREET. Technical Analysis KAB :LT, IT, ST by: trendliner 1/23/00 5:58 pm Msg: 533 of 541 Hi folks, I'm new here, but have been following KAB for a while. I'm a professional trader and trade from a technical perspective. Here is how KAB shapes up Long Term: Based on a chart back to 1978 A very long base in the shape of an ascending triangle has been forming since 1986. Resistance is at 6.75 -7.25. Support is currently about 3.50 - 4.00. When KAB breaks out above 7.25 on a good increase in volume, the long-term pattern carries an first target of 11.75. However, other measurement give an ultimate target range of 16.50 to 25.00 While these seem like absurdly high numbers, the duration of the base makes these numbers reasonable. I do expect the stock to breakout of this long-term pattern within the next 12 months. It could be anytime within that window. Intermediate Term: Based on a weekly bar chart for the past 5 years Resistance is at 5-5.25 and support is provided by a rising support line now at the 4.50 level. Short Term: Based on a daily bar chart for the past 12 months We have had a thrust of 3/4 point from 4.125 to 4.875, and a flag has formed at the top of the thurst. If prices can breakout above the top of the flag on a substantial increase in volume, a target of 6.75 is reasonable. Note this target corresponds to the long-term resistance. Another bullish factor: Insider buying picked up in Q2 and Q3. Two directors, Burke and Cox bouught 10,000 shares and 20,000 respectively. I think these were open market purchases. Refering to the research of H. Nejat Seyhun at the U. of Mich buisness school, in his book Investment Intelligence, insider purchases in small firms are better signals than those made in large cap companies.Also Cox and Burke are directors and insider purchases made by directors tend to be good signals. Also the amount of shares bought is favorable. Check out this book, its a good one - published by MIT Press. Trendliner>>> patwrk