7 Stocks Jim Cramer Sees Ripe for Takeover
NEW YORK (TheStreet) -- Slow growth at a number of consumer companies leaves them with just one option: Buy a competitor.
TheStreet's Jim Cramer singles out Coca-Cola
But who would buy whom? To see Cramer's logic and for more names, check out the companies listed below.
Hain Celestial in Lake Success, N.Y. specializes in organic and natural products. Annual revenue has grown by almost 15% a year in the last three years, according to data compiled by Bloomberg. The company is due to report earnings for its fiscal year and fourth quarter ended June 30 on August 20.
The stock has traded between $72 and $98 a share in the last 52 weeks, according to data on TheStreet; it's lately traded at over $86 a share. Market cap stands at $4.24 billion.
Cramer says Campbell, General Mills or Kellogg would make a good suitor for Hain.
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