LAKELAND INDUSTRIES INC

Analysis for Ticker: LAKE

Lakeland Industries Inc manufactures specialized protective clothing and accessories for industrial workers and firefighters. The company claims to be thriving, reporting that its total revenue grew by 25,4$ million during the year. But this is a simple illusion designed to hide a dying pulse. Because the company bought several other businesses that added 28,6$ million in new sales, their original business is actually shrinking by more than 3,0$ million. They are spending millions of dollars they do not have to buy other companies just to look bigger, but this process resulted in a massive 25,3$ million net loss for the year. It is like a person borrowing money to buy expensive clothes to look rich while their bank account is completely empty.