Welcome! to posting on Yahoo Finance; I see you are new.
(surely you're not the type that frequently changes the "name" you post under, right?)
You do realize that this stock is up like 5% in two days don't you? I don't get the further decline pending comment?
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HAIN will not tumble 30% from this level. You should have a contest for this stock to bubble up 30%. And if its a contest, you are not offering any prize when you win. What are you winning? Bragging rights? That's stupid. There is no incentive to play if there is no prize. Your an IDIOT NTACK5.
BAC/MER is making the stock break out from a short term base. Hopefully the Greek fiasco is a small non-event, and HAIN can continue to move higher from this cup/handle breakout which looks very classic for a bullish move higher. It's still cheaper than WWAV and I rather HAIN just grow organically. Although news in the last month regarding private organic companies are being taken over quickly. Hormel buying Applegate foods and CPB buying out Salsa maker Fresh Gardens. It is just a matter of time for HAIN. I hope its later so that HAIN can grow more organically.
I have owned HAIN for a long time now and been with BAC/Mer for 19 years. So glad they are finally seeing what I saw in this company a long time ago. Better late then never right?
Organic food purveyor Hain Celestial Group (HAIN), was added to Bank of America/Merrill Lynch's US1 List, which is a collection of the company's top investment ideas.
Hain shares are up 3.8% on the news and have now climbed an astounding 45% over the past 12 months
As dividendseeker noted, HAIN has consistently been "overvalued" or "over-priced".
I'm not sure comparing UNFI, mostly a distributor that happens to distribute organic/natural items, with HAIN, a producer of organic/natural products, is worthwhile.
I've been long both names for many years.
Sold some UNFI one time @ 68.50 9/13...sold some HAIN once 9/12 @ 36.01 (split adj.)
HAIN and WWAV are always overvalued. They are the only 2 companies in the market that are pure plays on Healthy Eating. It is the law of supply and demand. Everyone needs to be in a Healthy Eating company or miss the transformation of how America eats. You just have to own them because they will be the big companies of tomorrow for food stocks.
Hain seems a bit over-priced, with a PE of over 30. UNFI took a big hit on earnings that disappointed slightly.
Hain took a dip in sympathy, but has further to fall due to over-valuation.
A rather small buy, but the trend continues, as does the trend of consuming "healthier" (spiral: note the quote marks) food:
CAMDEN, N.J. (AP) -- Campbell Soup is buying refrigerated salsa maker Garden Fresh Gourmet for $231 million as it continues to make a push into hot categories such as refrigerated fresh and organic foods.
This is the latest acquisition by Campbell Soup Co. that looks to keep pace with consumers' increasing interest in fresh and organic products as they lose their taste for its trademark canned soups. The Camden, New Jersey-based company purchased food company Bolthouse Farms in 2012 and organic baby food company Plum in 2013.