I can't believe he's broadcasting this stuff nationwide. It's a quick way to lose big bucks. But if you own this stock, good time to let go of shares -- unless you hold for really long term.
Can't find any evidence of that claim that Cramer said buy bc HE believes it could be a buyout candidate some day
"Can't find any evidence of that claim that Cramer said buy bc HE believes it could be a buyout candidate some day"
Well, it's right in front of your eyes (if you choose to look at the headlines!!!).
This "news" came out TWO days ago.
HAIN Yahoo Quote, below quote are headlines including:
•Jim Cramer: These 10 Companies Ripe for M&Aat CNBC(Tue, Jan 29)
And here's the text:
""Hain is the one stop solution for any one the slower growing packaged food companies to take aisle space in the fastest growing public supermarket chain on earth, Whole Foods," said Cramer.
"If I were running Campbell's Soup, a company devoid of serious organic growth, I would take the cheap money every bank is offering and I would purchase Hain," Cramer said."
Shorted this based on huge rise with no real news.