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The Hain Celestial Group, Inc. Message Board

  • artnpattylore artnpattylore May 8, 2012 12:34 PM Flag

    Cramer is bullish on Hain.

    Cramer declared that Hain Celestial's (HAIN) quarter was the "best quarter in earnings season so far." Last Thursday, the company reported a 4 cent earnings beat with revenues up 31.5%. Earnings growth accelerated from 7% to 9%. Even though Hain had run up 29% into the quarter from the beginning of the year, the stock did not drop after earnings, but rose an additional 6%. Hain's shares have seen a 184% gain since Cramer got behind it two years ago, and a 23% rise since CEO Irwin Simon appeared on Mad Money in February. The stock is not cheap, with a multiple of 24 and a 10% long-term growth rate, but Cramer thinks the latter number is too conservative. In spite of the warm weather, soup sales were up 12%, and although the birthrate in the U.S. has slowed, Earth's Best Baby Food sales rose by double digits. Greek Gods Yogurt sales grew an astounding 60%. Hain's tea sales have risen 11%, with the sales of the Sleepytime brand growing 20%. When Cramer pointed out a common misconception that organic and healthy food is only for rich people, Irwin Simon responded that the numbers would not be so strong if healthy eating was just "for the 1%." Cramer is bullish on Hain.

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