Hain Celestial Is Overvalued
The momentum crowd must love to eat. All their favorite stocks all seem to be food related. Take Hain Celestial Group (HAIN) for example. Investors have been feasting on the shares for a while now. It's gone parabolic. Americans, supposedly tired of being overweight, are rushing to eat healthier food. If you listen to the bulls, we can't gobble down the whole grains fast enough. But is that really happening, or is Hain just a classic rollup strategy that Wall Street can promote until the shares hit the wall? When it's all said and done, won't Hain investors be left with a bad case of indigestion?
Supposedly, all the rich, thin and pretty people only eat unprocessed, organic foods straight from the farm. The rest of us are captives of the Keebler Elves. The bulls argue that the healthy-eating trend is evident in Hain's results....234 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.