Stocks Loved By The Street
Wednesday’s Streetheart is the Hain Celestial Group (HAIN). The maker of Terra Chips and Celestial Seasonings tea has racked up six "buy" ratings on The Street, though it's down about 6% year-to-date.
Here what’s being said:
Analysts from Bank of America cited "strong revenue growth" and "consistent execution", and they say the company is "well positioned to benefit from the increasing penetration of natural and organic products into mainstream retailers such as Wal-Mart" (WMT).
Analysts from RBC Capital Markets say that last quarter's results were "solid and demonstrate the investment merits of the 'new & improved' Hain" -- they view the company as "an attractive way to play both the industry and the overall consumer for that matter".
Irwin Simon, the Founder and CEO of the Hain Celestial Group joins the guys for this conversation.
“How do you drive growth?” asks Dylan.
HAIN is growing tremendously, he says, because the teas are sold by Whole Foods (WFMI) which is growing at 6%. And supermarkets are eager to get herbal products in their stores. Consequently, there's an increased demand for green tea and the other wellness teas. Simon finds that more people are looking for beverages that are healthier alternatives to soda.
Dylan asks the guys what they think of this stock.
Eric Bolling doesn’t like it. Guy Adami calls HAIN a nice growth story. Tim Strazzini likes that HAIN is capturing a trend. Jeff Macke is worried about margins.
Trader disclosure: On May 16, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (SWY); Strazzini Owns (T), (YHOO), (NWS.A) (IBM); Bolling Owns (NMX), (XOM) Bolling Owns Gold, Silver, Coffee, Sugar; CNBC Is A Service Of NBC Universal And Dow Jones
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