Lakeland Industries, Inc. (NASDAQ:LAKE)

Thursday, October 1, 2015


Closed our long position in LAKE ($13.89)

Yesterday, via premium tweet, we stated that we locked in gains in LAKE.  At its highs, LAKE was up over 50% from our recent buy call at $9.50 on the information arbitrage opportunity was presented when the company filed its NT 10-Q (an extension notice for 10-Q filings).  

The filing stated that the company expected to report a significant increase in revenues and income from operations for Q2 2016, as compared to the comparable quarter in the prior year.   Shares rose from ~$9.50 at the time of our alert, to a recent high of $15.78 on September 24, 2015.