Cramer Quick Take: Double Down on Hain
NEW YORK (TheStreet) -- Things may not be perfect at Hain Celestial (HAIN) , but Jim Cramer told Debra Borchardt at TheStreet.com Thursday he still thinks the stock represents an "attractive value."
Cramer noted that while one of Hain's recent acquisitions is not doing overly well, Hain is in the business of taking troubled brands and turning them around. Whatever's wrong, he said, they'll fix it. Hain shares remain inexpensive compared to stocks like Whole Foods (WFM) , which has a higher multiple.
Hain will continue to grow both organically and through more acquisitions, Cramer concluded, plus the company could also become a takeover target itself.
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-- Written by Scott Rutt in Washington.
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