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

To: Bob Davis who wrote (67)	8/17/1998 1:44:00 PM
From: Bob Davis	Read Replies (1) \| Respond to of 91

On July 23rd, KAB reported its second quarter financial results, which, at $0.10 per share, were a penny higher than expected. A Flash Report is available on The Napeague Letter's web site, at napeague.com and the in-depth Analysis will be updated as soon as I have an opportunity to review the 10-Q Report for the quarter. On August 12th, KAB announced a program under which "certain of its directors, officers, and key employees have elected to defer $1.3 million of their compensation over the next three years in order to increase their investment in the Company." 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. An updated Summary and 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. Bob Davis The Napeague Letter napeague.com