posted at 03:50
Author Name: Sam Ro
Lakeland Reports 1 Million Hazmat Suit Orders
Lakeland Industries has been cashing in on the spread of the Ebola virus and the fear that has come with it. The stock spike by 30% in after-hours trading on Wednesday after management released details on Ebola-related business activity. "Lakeland has secured new orders relating to the fight against the spread of Ebola," management said in a new press release. "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." Most of those deaths have occurred in West Africa in Liberia, Sierra Leone and Guinea. In anticipation of demand, management cranked up its production capacity. While most companies warn investors about the negative risks that come with fear-inducing phenomena like viral outbreaks, Lakeland sees dollar signs. "Ebola" is mentioned twelve times in this brief press release.

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