"This was one horrendous quarter," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment.
The company was only able to generate organic growth of 1%, while management failed to lift investors' spirits, he added.
However, the stock seems to be forming a reverse head-and-shoulders chart, a bullish technical chart pattern. The stock also tends to find support when its dividend yield approaches 3%, Cramer said.
"Young people don't want to buy" canned products with a lot of sodium, he reasoned. They want to buy all-natural foods, much like what Hain Celestial Group (HAIN) has to offer.
-- Written by Bret Kenwell in Petoskey, Mich.