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Stock Market & Financial Investment News

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March 11, 2013
16:38 EDTLAKELakeland Industries reports material developments
Lower than expected sales in Brazil for the quarter ended January 31, 2013 resulting in anticipated operating loss in Brazil $11.5 million goodwill impairment charge in Brazil ;Potential default on bank line of credit with TD Bank; Lower than expected sales in the quarter ended January 31, 2013 in Brazil will likely result in an operating loss from Brazil in such quarter. In view of the recent operating losses incurred by Lakeland Brazil, management determined that the carrying amount of the goodwill related to our Brazil subsidiary exceeded its fair value, which was estimated based on the present value of expected future cash inflows.
News For LAKE From The Last 14 Days
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December 11, 2014
09:16 EDTLAKEOn The Fly: Pre-market Movers
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07:46 EDTLAKEBenchmark to hold a conference
Micro Cap Discovery Conference is being held in Chicago on December 11.
December 10, 2014
18:31 EDTLAKEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Restoration Hardware (RH), up 5.9%... Casey's General Stores (CASY), up 1.6%. ALSO HIGHER: Walgreen (WAG), up 1.7% after CEO Greg Wasson announces intention to retire after Alliance merger. DOWN AFTER EARNINGS: Wet Seal (WTSL), down 38.9%... Lakeland Industries (LAKE), down 8.2%... Men's Wearhouse (MW), down fractionally. ALSO LOWER: Burlington Stores (BURL), down 1.4% after filing to sell 8M shares of common stock for holders... Nielsen (NLSN), down 1.9% after filing to sell 20M shares of common stock for holders.
17:14 EDTLAKELakeland Industries sees debt reduction accretive to Q4 EPS by 4c
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17:08 EDTLAKELakeland Industries reports Q3 EPS ex-items 20c vs. 5c last year
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