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Jim Cramer: Hain CEO Irwin Simon Is a Killer

jim cramer

On his “Mad Dash” segment on CNBC, Jim Cramer said Hain Celestial CEO Irwin Simon “is probably one of the most forward-looking executives in the food industry.” Hain has had to deal with rough patches, as well as some Barron’s articles earlier in the year criticizing the company, but it has withstood the test and has triumphed, thanks in part to mainstream stores like Wal-Mart adopting the healthy and organic trend. Cramer said, “Wal-Mart is saying, ‘Here Hain, have three aisles.” He mentioned that Simon predicted his products would one day hit Wal-Mart shelves in a big way.

When asked if people should take profits in Hain, given its substantial gain, Cramer said he would ride the stock higher because of his faith in Irwin Simon, “He’s a killer. He exists to compete. He’s amazing.” While WhiteWave or Hain would be a good acquisition for a mainstream food company like General Mills, Cramer thinks Simon would be unwilling to sell, because he wants to create a great worldwide food company.

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Cramer disagrees with Caanacord Genuity’s downgrades of  TJX and Ross Stores, because he thinks both retailers will benefit from low gasoline prices and are very well-run. The analyst thought estimates were too high, but Cramer doesn’t think so. While Ross Stores has run quite a bit, he would stick with the stock.




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