NEW JERSEY INVESTOR BUYS 5.2 PCT OF KINARK &lt;KIN>
  A New Jersey investor, Joseph
  Falkenstein, told the Securities and Exchange Commission he
  holds 5.2 pct of the shares of Kinark Corp.
      He said he has no plans to change the company and that he
  bought the shares because he believed the stock was undervalued
  and would rise in the next six months.
  

