Seriously? Again? This is about the 20th time we have heard this already since I have been in HAIN. People need to stop being stupid. I would rather HAIN stay independent. I know Irwin will make this company a winner for many years to come. Why settle for a short term pop, when you can have a long term big gain.
Better late then never lol. Where were these idiots when HAIN was at $53. They would have looked like geniuses. Now they just look like band wagon jumpers.
From Seeking Alpha posted today--interesting about Target:
"Breakout time for organic food socks?"
"Wedbush initiates coverage on WhiteWave Foods (NYSE:WWAV) and Hain Celestial (NASDAQ:HAIN) with Outperform ratings.An important development occurred this week in the sector with Target announcing it will focus on organic brands in its grocery section at the expense of well-known packaged food products.There was also some talk of Wal-Mart decelerating the roll-out of its small-store format.Some analysts have been willing to stretch out valuation on organic food stocks due to the M&A potential.Previously: Grocery plans from Target to veer away from typical packaged food fare (Mar. 03 2015)Other organic food stock plays: THS, SFM, FWM, TFM, WFM."
I'm not sure if I would call this brand building, since it seems that HAIN is investing in the Cyc Fitness brand.
By doing so, Cyc Fitness will become another venue for HAIN brand awareness! All seem good to me; particularly the emphasis on millennials.
It is called brand building. They make a small investment into a health and fitness company. In exchange, that company will put up posters and stuff in their facilities about HAIN. This is a good thing because that is the target audience that HAIN is looking to attract to its brands.
“Cyc Fitness has the distinction of being Hain Celestial’s inaugural investment in the personal fitness space. We view our investment in Cyc Fitness as another opportunity to connect with active lifestyle consumers and feature selected organic and natural Hain Celestial products for sale at various Cyc Fitness locations,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial."
Profit taking. I know I was buying HAIN from 55 all the way down. It has had a nice huge run. I took half of my position off. HAIN is fully valued here. There is no reason to pay up for it. I love the company long term but price matters. HAIN is already trading at 23x its 2017 estimates with a long term growth rate of 18%. That is just too expensive to chase.
Just watched. Almost every quarter, if not every quarter, Cramer has Irwin on Mad Money.
Cramer has been a fan of HAIN for several years, I believe shares were around 13 (split adjusted) when he first recommended shares (but after I had established my position!)
I used to think Cramer had a man crush on Irwin!
One of Irwin's favorite words is "listen", although he didn't go overboard with its use in this interview.
The story appears to remain intact.
Irwin Simon will be on Mad Money tonight. I guess Jim is tired of the shorts and wants to give them the business. Will probably give us another good up day tomorrow.