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Cramer: Don’t Get Spooked by This Revenue Miss

Just because this company's revenue came in short of expectations doesn't mean you sell its stock, said Jim Cramer. Quite the opposite

Cramer often says investors should buy pullbacks in this market.

And that may be exactly the way to play the recent decline in Hain Celestial, a food company with a host of well-known brands including Celestial Seasonings, Earth's Best, Terra, Garden of Eatin', and The Greek Gods Yogurt.

Earlier in the week, Hain reported results that showed revenue came in below expectations. On top of that, Hain lowered its full year revenue forecast.

On the news, investors ran for the exits. But, as Warren Buffett so often says, 'Be greedy when others are fearful.' In this case, Cramer seems to agree.

That is, Cramer thinks the sell-off is an opportunity.

"Revenue may have missed expectations but revenue sill rose 24.8% year over year," he said. And 16 of Hain's brands were up double digits in the quarter, with the Greek Gods Yogurt up 39%, Earth's Best up 15%, and Celestial Seasonings seeing its strongest tea numbers ever," he said.

Also, if you believe in the CEO, Cramer advocates buying pullbacks generated by earnings disappointments. And Hain Celestial CEO and founder Irwin Simon has a track record for success.

"Better eating is not a fad, it's a way of life," said Simon on Mad Money. "How many other companies have brands that are up double digits? We're in a great spot!"

Cramer believes in the trend.

"Even though the stock's had trouble gaining traction of late, the underlying trends seem strong enough that Hain should be able to return to its long-term upward trajectory," said Cramer. "I like this stock and have for a long time," he added. "I think it's inexpensive and has great growth potential."

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