Hain’s House of Pain
Back on Sept. 18, 2009, Cramer recommended Hain Celestial , saying Kraft Foods was better off buying the natural and organic foods company than Cadbury, which KFT was bidding for at the time. Unfortunately, though, the stock has barely moved since then, while the S&P 500 is up 11%. Also, Hain in February reported a lackluster quarter as a result of weaker-than-expected revenues and offered reduced guidance for 2010.
What went wrong? And if Whole Foods’ success is proof of a growing healthy-foods trend, then why isn’t Hain participating? That’s what Cramer wanted to find out. Which is why he invited the company’s CEO, Irwin Simon, onto the show. Watch the video for the full interview.
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