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Follow Icahn Into Hain?

When Carl Icahn buys, the Street notices.

Since he disclosed a position in Hain around May 13th shares of this company have surged higher - over 18%.

In the same period the S&P is down about 5%.

The flurry of buying stems from a belief that Icahn sees untapped value in this organic food and personal care products company.

Should you follow Icahn in, too?

Jefferies analyst Scott Mushkin seems to think so. He has a 'Buy' rating on the stock and in a note to clients he says Hain remains undervalued and has unrecognized brand value.

"Hain sits atop some very valuable assets. Our sum-of-the-parts analysis for Hain has always suggested a value at least in the mid-20’s, " he writes.

What else must you know about this company. Find out from Hain CEO Irwin Simon. Watch the video now!




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TRADER DISCLOSURE: ON JUNE 7, 2010, THE FOLLOWING STOCKS AND COMMODITIES MENTIONED OR INTENDED TO BE MENTIONED ON CNBC’S FAST MONEY WERE OWNED BY THE FAST MONEY TRADERS; TERRANOVA OWNS (SWN); TERRANOVA OWNS (GLD); TERRANOVA OWNS (RIG); TERRANOVA OWNS (IPSU); TERRANOVA OWNS (RSX); TERRANOVA OWNS (PFE); TERRANOVA OWNS (TER); TERRANOVA OWNS (APA); TERRANOVA OWNS (AXP); TERRANOVA OWNS (BMO); TERRANOVA OWNS (BBY); TERRANOVA OWNS (DIS); TERRANOVA OWNS (XCO); TERRANOVA OWNS (AAPL); TERRANOVA OWNS (CVS); TERRANOVA OWNS (IPI); TERRANOVA OWNS (TEVA); TERRANOVA OWNS (FXB); TERRANOVA OWNS (IPI); TERRANOVA OWNS (SU); TERRANOVA OWNS (V); GARTMAN OWNS (AAPL);GARTMAN OWNS (NFLX);GARTMAN IS SHORT (GS); GARTMAN IS SHORT THE S&P 500; GARTMAN IS SHORT THE YEN; GARTMAN IS SHORT THE POUND; GARTMAN OWNS GOLD; PETE NAJARIAN; PETE NAJARIAN OWNS (AMD) CALLS; PETE NAJARIAN OWNS (C); PETE NAJARIAN OWNS KELLY OWNS (GS) PUTS; KELLY OWNS (SPY) PUTS

FOR JOE TERRANOVA
TERRANOVA WORKS FOR (VRTS)
TERRANOVA IS CHIEF MARKET STRATEGIST OF VIRTUS INVESTMENT PARTNERS, LTD.
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (AMKR)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (IGE)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (DBV)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLB)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLV)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLP)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLY)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLI)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (XLU)
VIRTUS INVESTMENT PARTNERS OWNS MORE THAN 1% OF (DRYS)

BRIAN KELLY
KANUNDRUM CAPITAL IS SHORT (GS)
KANUNDRUM CAPITAL IS SHORT (CME)
KANUNDRUM CAPITAL IS SHORT THE EURO
KANUNDRUM CAPITAL IS SHORT (XLK)
KANUNDRUM CAPITAL IS SHORT (XLI)
KANUNDRUM CAPITAL IS SHORT (XLF)
KANUNDRUM CAPITAL IS SHORT (XLB)
KANUNDRUM CAPITAL IS SHORT (FCX)
KANUNDRUM CAPITAL IS LONG (TLT)
KANUNDRUM CAPITAL IS LONG U.S. DOLLAR
KANUNDRUM CAPITAL IS LONG (GLD)
KANUNDRUM CAPITAL IS LONG (GFI)
KANUNDRUM CAPITAL IS LONG (AUY)

CHRIS MUTASCIO
**NO DISCLOSURES**

GENE MUNSTER
PIPER JAFFARY MAKES A MARKET IN (AAPL)
PIPER JAFFARY MAKES A MARKET IN (GOOG)

MIKE KHOUW
CANTOR FITZGERALD & CO. MAKES A MARKET IN (SPY)

LATE ADDITIONS:
FINERMAN'S FIRM IS SHORT (IJR)
FINERMAN'S FIRM IS SHORT (IWM)
FINERMAN'S FIRM IS SHORT (SPY)
FINERMAN'S FIRM IS SHORT (MDY)
FINERMAN OWNS (AAPL)
FINERMAN'S FIRM AND FINERMAN OWN (HPQ)
FINERMAN OWNS (GS) CALLS
FINERMAN'S FIRM OWNS (JPM), (J)PM) CALLS
FINERMAN OWNS (JPM)
FINERMAN'S FIRM OWNS (BAC), (BAC) CALLS
FINERMAN OWNS (BAC), (BAC) PREFERRED
FINERMAN'S FIRM AND FINERMAN OWN (CVS)
FINERMA'NS FIRM OWNS (BP) CALLS
FINERMAN OWNS (RIG) CALLS
FINERMAN OWNS (RIG) CALLS



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HAIN
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