Cramer’s Play on the Healthy Eating Market
In this difficult market, you need to focus on stocks that are tied to powerful long-term themes like obesity, Cramer said Thursday. That’s why he likes The Hain Celestial Group, the maker of natural and organic foods.
Hain reported a terrific quarter Tuesday, with a 2 cent earnings beat off a 33 cent basis and stronger than expected revenues. While the stock has come up since it reported, it is still about six points off its high thanks to the broad market weakness, the “Mad Money” host said.
“I think it could represent an excellent buying opportunity,” Cramer said. “Hain is still up 74 percent since I first got behind it in April of last year … I think it’s going to return to its positive long-term trajectory.”
To find out more about the quarter and the future for Hain, Cramer spoke with Chairman and CEO Irwin Simon.
To see the full interview, watch the video.
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