Professional
Added to YB: 2024-07-19
Pitch date: 2024-07-13
LAKE [bullish]
Lakeland Industries, Inc.
-54.82%
current return
Author Info
Merion Road Capital is a fund in Miami focused on value-oriented investing through rigorous fundamental analysis of a company's operations. Follow on Twitter/X.
Company Info
Lakeland Industries, Inc., together with its subsidiaries, manufactures and sells industrial protective clothing and accessories for the industrial and first responder markets.
Market Cap
$114.1M
Pitch Price
$22.53
Price Target
N/A
Dividend
N/A
EV/EBITDA
63.19
P/E
-4.05
EV/Sales
0.77
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Merion Road Capital Portfolio Holding: Lakeland Industries, Inc.
LAKE: Protective gear maker shifting to fire services. New mgmt from Transcat. Fire now 40% of rev, up from single digits. Acquisitions at 5-6x EBITDA. 12% EBITDA margin guidance, potential upside. Trading 7x EBITDA, 10x FCF vs MSA at 17x/25x. Multiple expansion likely as earnings grow & investors recognize transformation.
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