Posted on 10/30/2014 4:22:14 AM PDT by combat_boots
Fast forward to today when shortly after the close, and minutes after it announced the completion of another $11 million follow on offering, Lakeland surprised everyone, and especially those who are short the stock, when it released the following "Update on Business Activity Relating to Ebola Crisis" in which it announced that it has, by now, received a stunning 1 million Hazmat suit orders and rising exponentially.
(Excerpt) Read more at zerohedge.com ...
Excerpt should read as follows:
Almost exactly a month ago, long before the Texas Ebola fiasco, when virtually nobody had heard of a small company out of Ronkonkoma, NY called Lakeland Industries and whose only product is “industrial protective clothing for industry, municipalities, healthcare and to first responders” i.e., Hazmat suits, we asked “i) who will get sick next and ii) how bad could it get?” For the answer we focused on the recently announced order of 160,000 Hazmat suits by the US State Department which had come at a time when the CDC was urging everyone that there is nothing to fear and that Ebola is under control. Not surprisingly, shortly thereafter the Ebola situation promptly escalated and led to not only the first Ebola death and Ebola transmission on US territory, but also the first Ebola infection in New York City.
Fast forward to today when shortly after the close, and minutes after it announced the completion of another $11 million follow on offering, Lakeland surprised everyone, and especially those who are short the stock, when it released the following “Update on Business Activity Relating to Ebola Crisis” in which it announced that it has, by now, received a stunning 1 million Hazmat suit orders and rising exponentially.
Through its direct sales force and numerous distribution partners throughout the world, Lakeland has secured new orders relating to the fight against the spread of Ebola. Orders have been received from government agencies around the world as well as other public and private sector customers. Certain of these contracts require weekly delivery guarantees or shipments through the first calendar quarter of 2015. The aggregate of orders won by Lakeland that are believed to have resulted from the Ebola crisis amount to approximately 1 million suits with additional orders for other products, such as hoods, foot coverings and gloves. Lakeland started shipping such orders only in October, which is the end of its fiscal 2015 third quarter reporting period. The main impact from Ebola-related orders received to date will not be realized until the Company’s fiscal 2015 fourth quarter ended January 31, 2015.
Never let a crisis go to waste...
Government got sort of burned when it started buying all those guns and bullets. People did notice them up-arming agencies that never needed guns before. They watched as the American people responded with exponential gun purchases and bullet shortages.
Government started making huge purchases of food stuff...preppers soon followed. Ordinary folks paid attention and put a few extra items in the pantry.
Government is now buying hazmat gear like it is some sort of fashion trend. Is it really all about Ebola? Or is there something else going on and we just really still have not connected the dots? Is the Ebola scare really about infectious disease or is it just the latest crisis the government needs to stockpile a high value item?
Almost every person I speak with is feeling like the government is being entirely irresponsible regarding Ebola...no one knows why. Manufactured crisis....why?
It is not about the Ebola...what are they really hiding from us?
So, they have new orders for 1,000,000 suits, but there is no contamination danger ...
But we would need 7,000,000,000
Must be big donors to this administration.
And don’t forget the 25,000 Hurricane Katrina body bags.
This news (held until after the market closed yesterday) caused quite a jump in the company’s stock price.
http://www.bidnessetc.com/28253-lakeland-hikes-30-afterhours-on-ebola-update/
Are those the ones made out of that porous plastic called Tyvek?
Don’t know. Sorry.
All this has me really, really low, JH. Just low down. The Administration wants to kill us off.
Sure looks that way. I’ve been depressed since 2008.
Should have gone long on hazmats when the report came out about body bag orders.
No, of course not. Obola himself has said so. And we all know how trustworthy, brilliant, and competent he is...
finally, obola bringing those shovel ready jobs...
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