Lakeland Industries undervalued at current price
Considering the strong earnings reported in the most recent two quarters, LAKE has proven to be managing its position during this pandemic very effectively. A summary from the latest conference call on earnings does well to explain their situation:
"The takeaways for Lakeland are that we have developed a resilient and flexible global manufacturing platform, a diversified and expanding customer base, growing brand power for high-quality competitively priced PPE, and exceptional balance sheet and an operating model with tremendous leverage".
Short interest in the stock is high, as investors see the boom in PPE related companies to be unsustainable and overdone, putting downward pressure on the SP.
It's my opinion that this opportunity will put the company in a strong financial position, and will be reflected in the medium and long term prices, potential short squeeze in the shorter term from news catalysts.
"The takeaways for Lakeland are that we have developed a resilient and flexible global manufacturing platform, a diversified and expanding customer base, growing brand power for high-quality competitively priced PPE, and exceptional balance sheet and an operating model with tremendous leverage".
Short interest in the stock is high, as investors see the boom in PPE related companies to be unsustainable and overdone, putting downward pressure on the SP.
It's my opinion that this opportunity will put the company in a strong financial position, and will be reflected in the medium and long term prices, potential short squeeze in the shorter term from news catalysts.