Interesting article. Having been raised on "natural foods" since the 1970's HAIN the sort of product many if not most health food oriented people purchase. The argument that an a wakening is occurring in the health food sector itself that will limit HAIN's growth is unlikely. Plant-based diets and pure whole foods would be the next alternative and for 9-5 people, that's unlikely to be a major movement. What tells me the blogger is out of step with the natural foods as an investor is that he's suggesting White Wave, which has survived the sort of negative press he's claiming will wither away at HAIN, as a better alternative. Check out Horizon, which is owned by WW to see what sort of negative press this company receives. That's not to say WW doesn't have "good" lines or is a rotten investment but it's got similar press issues as HAIN. And, yes, some of them are worth considering. Will they severely hurt these companies? Unlikely. And what's the alternative? Invest in Monsanto, e.g.? Or your bank, which will invest in Monsanto? I like the article, he's thinking, but he's incorrect I think. In the long run, all of these natural foods stocks will continue to grow, to the chagrin of disbelievers, which have been there since I was a kid (snicker).
Deteriorating internal growth rates aside, the specter of EPA and FDA investigations present serious risks for share price decline. Get out of the way of the crazy train and wait till the smoke clears.