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LAKE - Lakeland's Revenues Could Grow By 50% Post-Acquisitions But It Is Still Overvalued
Lakeland Industries Inc.
2024-05-08 10:32:34 ET
Summary
Lakeland is shifting its focus to fire equipment and has made several acquisitions in this space.
FY24 revenues show low organic growth, with the majority of growth coming from acquisitions.
The company's valuation is considered excessive, and its cash reserves have been exhausted after the acquisitions.
Lakeland ( LAKE ) is a global manufacturer of protective equipment for industrial and heavy-duty uses, such as chemicals, healthcare, firefighting, and electricity....