"those numbers are like WFM's financial reporting ( not accurate )
numbers are late to start with"
Good to know that the short interest information on the NASDAQ website is not accurate.
Re. the numbers are late, fourteen days isn't too bad. I am entertained by looking at some of my holdings' short interest and the TREND. Given I'm not a trader, and that I've held shares in HAIN since September 2003, I don't use short interest as a primary buying or selling metric. Rather, I simply thought the 38.7% jump was noteworthy and that it might provide some dialog on a rather quiet board.
those numbers are like WFM's financial reporting ( not accurate )
numbers are late to start with
just ;like an SEC fund filing 13-HR
Who knows what other companies showed an interest/bid for Applegate. Can't fault the founder who is 64 years old (and I believe a private equity firm that owns part of the company) to presumably sell to the highest bidder. Lots of smallish organic/natural companies have sold out to big bad food companies. If HAIN were to be sold, who but a big bad food company would be the buyer (with the exception of private equity)? To me, money is money and I'm not in the emotional camp about who owns the producer of the food buy--assuming they do not trash the products. (big assumption?)
While Applegate offers "worry free meat" products--all natural and antibiotic free, some offerings include carrageenan as an ingredient. The Center for Science in the Public Interest lists carrageenan under "Caution" on its list of "Summary of the Safety of All Additives".
From a business standpoint, I don't see Hormel being a disappointment for Applegate, just presumably the highest bidder.
I can appreciate that some consumers of Applegate may be disappointed.
My understanding is that Applegate will be run independently under the Hormel name.
I wouldn't be surprised if HAIN had been in the mix of buyers, but again, Irwin is steadfast in not "overpaying".
Hormel was a big disappointment for Applegate...anyone who knows the company...or thought they knew the company, would have picked gain over hormel any day....major sell out and completely against what applegate "supposedly" stood for....
PEP CEO loves to have good for you products as part of their portfolio. Look at the innovation items for both pepsi and Fritos/lays. Line up like hain would make them feel more nutritionally responsible and off set the bad rap they get on their pepsi/ Fritos line up, unjust rap I might add.
While the additional shares were shorted 4/30 - 5/15, shares dipped a bit but closed higher.
Presumably those shares will be bought back, but at what level?, adding to the demand for shares.
I've been long HAIN for 10+ years, but did sell a few a couple years ago.
As far as an acquisition "coming soon", anything is possible, but I've heard this for years!
Look at the charts short interest has never shown to keep the SP down for long. Just a small dip and than to new highs. Buy on the dips. Aqusition coming soon look for a company like PepsiCo to acquire.
HAIN short interest:
Is the glass half full or half empty?
On another note, I wonder if HAIN was in the mix for Applegate. Seems like it would have been a good fit.
Irwin constantly reminds us that he and the company are disciplined buyers of brands/companies.
I think a company would have to absolutely stupid to pay 30 + times 2017 earnings for either WWAV or HAIN. I like the companies, but these valuations are ridiculous. Right now I am just keeping my minimum positions in both. I sold most my shares when they had their big moves back at the beginning of the year. There will come a time where valuation will matter and these companies will come back down. Until then, just have to wait.
I own both also, but will only add to HAIN at this point. Regardless, any takeover, will push both companies higher. I think HAIN gets bought out first before WWAV. Unfortunately, it will be difficult to stay independent as the legacy food companies need to improve their profit margins which have been in decline. They have done all they can in shrinking package sizes and charging the same price. They need real organic growth and HAIN and WWAV have the goods.
HAIN is unloved while WWAV is loved when HAIN has better YOY growth. Then again, no one ever said the market made sense. I own both but I am only looking to add to HAIN on this pullback.
I just read a decent S.A. piece on HAIN. If you, or anyone else, are curious, Google "seeking alpha HAIN's Pullback" and it will be the first hit.
If you compare HAIN vs WWAV earnings I think this was a huge injustice. HAIN had 19% YOY growth and WWAV had 13%. HAIN trades at a lower valuation then WWAV. I think the smart investor would buy HAIN on something like that.
Irwin has had a history of selling shares, so I would not read too much into a recent sale.
Option he had for 472,671shares @ 30.35 expired 4/1/15; I imagine he exercised!
Without seeing the filing re the sale you referenced, I imagine he sold some of the 472,671 shares.
Heck, 100K shares is "only" 5.67% of his holdings.
Irwin has been good for HAIN and HAIN has been very good for Irwin.
Unlike years ago, before the proliferation of option grants, insider activity is lopsided on the selling side. From a economic perspective, why would an insider make an open market purchase of their company's stock, when most insiders are sitting on tons of equity options? No need to risk their own capital. Insiders only buy for one reason, but there are many reasons for a sale.
No, HAIN Came in line which for this high growth company does not justify current stock price. It will sell off into the low $50's and then you can buy it. Mad money Cramer will have the CEO Irwin on tonight. Should buy some as a short term TRADE ahead of WFM Earnings tonight which should be good.