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

To: Bob Davis who wrote (46)	2/15/1998 8:28:00 PM
From: Bob Davis	Read Replies (1) \| Respond to of 91

In early February Franklin Advisory Services filed a SC-13G report with the SEC which states that the Franklin Balance Sheet Investment Fund is now reported holding 2.9 million shares. The Franklin Balance Sheet Investment Fund invests primarily in securities it judges to be undervalued. A complete profile of the fund can be found at personal11.fidelity.com:80/funds/funds_net/22/352423107_dat.h tml Probably the most important factor for investors is that the Funds manager, William J. Lippman, is somewhat of a "value investing" guru. His interest in KAB should attract the attention of other "value- oriented" investors, and may lead to "plugs" on the various investing shows on TV. This may account for the recent interest in KAB..... Personally, I am pleased that he has confirmed my judgement about the Company, and I'm also pleased that I identified the inherent opportunity in KAB almost a year before he did...... Kaneb Services provides specialized industrial services to a wide range of industries, including petroleum refineries, chemical plants, offshore energy production platforms, steel mills, power generation and other process industries in more than 20 countries, and also manages and operates a network of petroleum pipelines and terminals, making it the third largest independent liquids terminaling operation in the United States. A recently updated in-depth Analysis of KAB can be found on the Napeague Web Site at napeague.com. I encourage you to read the entire Analysis as well as the Company's investor relations information and its reports to the Securities & Exchange Commission prior to making any decision to invest in this or any other Company.