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.
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