Hain Celestial (HAIN) Has the Right Gluten-Free Ingredients for Gains - Cramer
HAIN Hot Sheet
Rating Summary:3 Buy, 2 Hold, 0 Sell
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Hain Celestial (Nasdaq: HAIN) is catching a bid Friday following bullish comments by venerable investing wise-guy and ever-charitable, Jim Cramer. Cramer spoke with CEO Irwin Simon on CNBC's Mad Money Thursday night.
Simon introduced Cramer to organic baby formula, which he says will be a $100 million per year business within the next five years.
But Hain has plenty of healthy products that are also making its bottom-line healthy, Simon said, like Hain's wellness and healthy teas.
In keeping with trends, Simon reminded Cramer that 300 of Hain's products are gluten free, which offers a $1 billion opportunity to the company. Hain's Greek yogurt business has tripled since the company's purchase.
Hain also has a decent presence inside Whole Foods (Nasdaq: WFMI), with some 2,000 SKUs lining the shelves. Simon said Whole Foods is planning on opening hundreds of new locations in the near future.
Cramer reiterated his Buy recommendation on Hain.
Notably, activist investor Carl Icahn agrees as he's upped his stake to 16.3 percent over the last year.
Hain shares are trading about 2 percent higher pre-market Friday.
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Simon introduced Cramer to organic baby formula, which he says will be a $100 million per year business within the next five years.
But Hain has plenty of healthy products that are also making its bottom-line healthy, Simon said, like Hain's wellness and healthy teas.
In keeping with trends, Simon reminded Cramer that 300 of Hain's products are gluten free, which offers a $1 billion opportunity to the company. Hain's Greek yogurt business has tripled since the company's purchase.
Hain also has a decent presence inside Whole Foods (Nasdaq: WFMI), with some 2,000 SKUs lining the shelves. Simon said Whole Foods is planning on opening hundreds of new locations in the near future.
Cramer reiterated his Buy recommendation on Hain.
Notably, activist investor Carl Icahn agrees as he's upped his stake to 16.3 percent over the last year.
Hain shares are trading about 2 percent higher pre-market Friday.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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