- LAKE stock sold off after Q1 earnings, as the company posted year-over-year declines in revenue and profits.
- But the pandemic-driven year-prior comparison is the key factor; on a normalized basis, Lakeland clearly is heading in the right direction.
- Importantly, the short-term boost of the pandemic also created long-term tailwinds for both the top and bottom lines.
- At a low double-digit multiple to FY23 earnings, Lakeland is too cheap if growth continues from here. And growth seems likely to continue from here.
For further details see:
Lakeland Industries: Short-Term Fears Obscure Long-Term Value