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There are 2 articles on this stock available only to PRO subscribers.
PR Newswire (Dec 12, 2013)
PR Newswire (Dec 5, 2013)
at MarketWatch.com (Sep 14, 2012)
at MarketWatch.com (Jun 14, 2012)
LAKE vs. ETF Alternatives
Lakeland Industries, Inc. manufactures & sells safety garments & accessories. It offers limited use / disposable protective clothing, high-end chemical protective suits, firefighting & heat protective apparel & reusable woven garments, among others.
Thursday, Dec 122013, 4:13 PM
Friday, Sep 132013, 12:59 PM|Friday, Sep 132013, 12:59 PM| Comment!
Friday, Sep 132013, 12:01 PM
Friday, Sep 132013, 12:01 PM| 2 Comments
- U.S. operating income of $479K in Q2 compares to a loss of $787K a year ago. Worldwide sales grew 4.9% Y/Y, excluding Brazil, up 22%.
- The company believes it has completely recovered from the loss of the DuPont license in July 2011 as far as gross margins and profitability.
- CEO Ryan: "As I have said in previous public disclosures, our focus and time is being devoted to downsizing the expenses in Brazil to conform same to its existing sales and we hope to be there by our fiscal year end in January 2014."
- Kudos to SA Pro's Whopper Investments who highlighted the value in LAKE on May 30 with the shares trading in the $3.50 range. After today's gain, they're 63% higher. Alas, Whopper missed out on today's move, having unloaded his stake (at a nice profit) after the company's refinancing deal in July.
Thursday, Sep 122013, 4:31 PM
Monday, Jul 12013, 12:56 PMLakeland Industries (LAKE +4.9%) refinances a TD bank loan (which had technically been in default) with a new $15M senior credit facility, a $3.5M subordinated term loan, and the issuance of warrants. The refinancing crosses from the list one of SA Pro's Whopper Investments' worries when writing a bullish essay one month ago. Of course there's the dilution factor from the warrants, but management calls it "very manageable" and says it's the best of a number of offers made over the last year. The stock's up 42% since the initial article. |Monday, Jul 12013, 12:56 PM| Comment!
Thursday, Jun 132013, 4:18 PM
Thursday, May 302013, 4:45 PMThere may be smoke at Lakeland Industries (LAKE), but there's no fire, says SA Pro contributor Whopper Investments, who notes that thanks to a few rather unfortunate events (previous), the stock trades well below NCAV. If investors can get over the past and focus on an improving earnings picture, the stock could jump markedly. Shares +16.38% Thursday. |Thursday, May 302013, 4:45 PM| 1 Comment
Wednesday, May 222013, 12:52 PM
Tuesday, Mar 122013, 12:50 PMMidday top 10 gainers: BOSC +23%. EMITF +19%. OCZ +18%. CLIR +17%. XNY +16%. CIS +14%. GLUU +13%. TLF +12%. ENPH +12%. CAB +12%.
Midday top 10 losers: RVP -15%. FREE -14%. EMAN -13%. LAKE -13%. CBMX -13%. SHOS -12%. CALI -11%. AVG -11%. SLCA -10%. HIMX -10%. |Tuesday, Mar 122013, 12:50 PM| Comment!
Monday, Mar 112013, 5:37 PMLakeland Industries (LAKE) reports several material developments including: lower than expected sales in Brazil coupled with an $11.5M goodwill impairment charge for the quarter resulting in anticipated operating loss in the region, and a potential default on its line of credit with TD Bank. Shares -23% AH. |Monday, Mar 112013, 5:37 PM| Comment!
Friday, Sep 142012, 1:37 PMLakeland Industries (LAKE -5%) slips after reporting a Q2 that beat on a per share basis, but came up short on revenue due declining sales and settlement charges. The company says it will pay $8.5M in a settlement reached in its Brazilian arbitration, with total costs estimated at $7.9M. The company also says it's begun evaluating strategic alternatives. |Friday, Sep 142012, 1:37 PM| Comment!
Thursday, Sep 132012, 4:34 PM