The threat of an Ebola outbreak in Western countries has sparked a buying frenzy for hazmat suits.

Companies like Lakeland Industries in New York have seen their shares rocket by as much as 17 per cent in the last few days.

In Lakeland’s case, this is the second rally in only five days.  The business saw its shares rise 13.9 per cent to $A11.35 in a day of frantic trading.

Fears of the deadly disease spreading hit the internet on Tuesday when a Spanish medical worker returned a positive test result. The country went into preventative mode and are carefully monitoring other potential carriers.

But the genie is out of the bottle. The very threat of Ebola has seen people all over the globe purchasing hazmat suits. Lakeland offers internet purchases for its products. On Tuesday it said to shareholders that the demand for hazmat suits was one of the drivers behind its recent stratospheric share price rise.

On October 1 Lakeland saw a 30 per cent jump in its shares. It’s share price has risen a staggering 91 per cent this year. In a recent prospectus the company reported a doubling in its six month profit to July 31 – $A.32 million, with a 3.8 per cent rise in revenue.

And the prediction is just as bright. The more frightened people are, the more hazmat suits are likely to sell.

 Image: www.lakeland.com

Image: www.lakeland.com

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