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Lakeland Industries, Inc. (LAKE)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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25.85+0.60 (+2.38%)
At close: 4:00PM EDT
25.85 0.00 (0.00%)
After hours: 04:00PM EDT
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  • T
    Troy
    This stock is a buy, fundamentals are solid and technicals are in an uptrend. Buy and hold. $26.50 this week.
    T
  • k
    kram
    With variants surging maybe Lake is a buy?
    How much already baked in ?
    What could go wrong?
  • T
    Troy
    So this company is extremely profitable, and is buying back shares AND now is gaining from the news of the Delta Variant, why would it not raise quickly and maybe test the highs set in 2020. Institutions own over 75% of the stock as well now. What is not to like????

    T
  • S
    SBG2020
    Buffett says that you should be greedy when others are fearful, and fearful when others are greedy.
    I think that those of us who have been greedy, while all around is fear - on this stock - will in due course make a lot of money. The market is _weird_, and I don't know why this went down so much yesterday, ("more sellers than buyers") or up so much today ("more buyers than sellers"). But this train is leaving the station. It's wildly undervalued at any price below $35, reasonable value $45-50, and not starting to be overvalued till it gets well north of $60. Buying dollar bills for 55 cents doesn't feel great if the next day they're on sale for 48 cents; but sooner or later a dollar bill is worth... a dollar.
  • S
    SBG2020
    There's $7 a share of cash. They're going to make $2 of earnings at the bottom of the cycle - so at 20x earnings, that's $47 of value to start with. They've put a floor under the shares at $22 by buying back $5m of stock quickly. And they just issued themselves more share options. Shouldn't someone put this on rWSJ -- because I think it's going back to $40+, but it would be fun if it did that sooner rather than later....
  • S
    S_M
    Nice to see LAKE finally cross to the good side of $25+, first time we've been here for a month and a half on the chart. Lot of prior recent activity at the 25-26 level, so I'd expect some sideways action unless there's news from the M&A front or additional negative COVID press.
    Bullish
  • S
    S_M
    Today's action would confirm the right side of a "W" shaped basing pattern over the last month. (Very clear on the 3-month chart view) Any close at or above $23.13 puts us in good shape to return quickly to the $25-$26 level and challenge the 200D SMA. The best part here is that future earnings reports should continue to provide fuel to boost this company higher. GL Longs!
    Bullish
  • G
    Gobo
    Lake is no covid play. It has a wide range of products , growing customer base and a good management. Value!
  • r
    ridingbreakouts
    LAKE PEG ratio is under .5. Strip out cash and it’s under 1x sales. Mgmt knows this is a joke on disrespect on increasing share buybacks. This can go up 200% within 12-18 months. BULL
  • k
    kram
    The stock currently carries a Zacks Rank 3 (Hold).
  • T
    Troy
    How much was the share buyback in February and I see they added another $5MM to it. Thanks

    T
  • E
    Energy Saver
    LAKE makes another positive announcement for long-term shareholders. I am confident in mgmt's ability to create shareholder value. Looks like it will be a combination of organic growth, share buybacks and likely acquisition or two. My avg buyin is $30.50 and will gladly wait to see the stock get Wall Street attention again.
    Bullish
  • I
    Ian
    Wow! What just happened after hours?

    Are we about to have a technical breakout?

    We haven’t been above $23 in a long time.
  • R
    Richsterrr
    Could easily fill the gap up to $27.
    Bullish
  • t
    takkun
    nice bounce...hope we march back to $25.....I will take $23.30 today
  • S
    S_M
    Hope that my fellow longs took the opportunity to load up here on LAKE sub-$23 when the COVID plays went out of favor. IMO this is a solid company that executes well, still selling at a bargain valuation. And now it appears Mr. Manic-Depressive Market believes that COVID plays are back in order today ... also check out CODX and FLGT. Looks like a quick return to $26 or higher for LAKE.
    Bullish
  • D
    DataTrader
    $APT conversation
    Covid Delta variant surging, and could explode going into Aug/Sept months. Risk on for PPE and face mask plays: $APT $GTXO $LAKE
    Bullish
  • D
    Dr. Oddz
    Added a position.
  • I
    Ian
    Another meaningless press release today.
    $5 million expansion to their buyback. So is it a $10 million stock buyback now? Information seems so difficult to find. It seems LAKE does it the hard way.

    More importantly, blanket the news wire with this information. State that this is an ACTIVE buyback and the company sees their stock undervalued at current levels based on future business prospects.

    Come LAKE… do it right!
  • J
    JoeSchmo
    Nice to see the shares climbing a bit in recent days - however - I submit this is more of a Covid/Delta variant concern ramping up the need for more pandemic-related supplies, or at least the perception of it happening. The buy back announcement helps, certainly, but it's hard to determine when or if they're actually buying back shares.