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TheStreet Open House

Cramer: I'm Hungry for Hain

Stocks in this article: HAINANNIWFMCPBAAPL


People are particularly perturbed at that last acquisition didn't pan out so fast. There is another acquisition that he did that looks like it's working, which is a juice acquisition. I think that people got spoiled here, but that Irwin has not let anyone down. He's doing his same style that he's done with other acquisitions before. Parts of it haven't worked out; he does have some underperforming units. He'd be the first to tell you that.

I just think that the idea that it's somehow a perpetual acquisition machine, otherwise you'd see dramatically slowing growth in their existing brands, did not hold up as a thesis. I'm not bearish on stock I'm bullish.

Debra Borchardt: Great. You heard it from Jim. He is bullish on Hain. Take a look at Hain. They really did have a good quarter. I think that the market is beating them up a little unfairly.

Jim Cramer: Yeah.

-- Written by Debra Borchardt in New York



To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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