Happy New Year. Warren Buffett says that you should not invest in things that you do not know about. Well, I went to a brunch on New Year's day and there were extensive conversations about "organic" and "sustainable" foods to eat, and even discussions about "antibiotics" and "fertilizers." So, although I have no expertise in this area, evidently everyone else in the world has been studying this subject intensively. How does this shake out into an investment opportunity?
Link to Clare's full Forbes article .
Clare also mentions in her article that "the company counts famed activist investor Carl Icahn as its largest single shareholder, who owns just under 15%." (Icahn did move his position over to Jefferies LLC in September 2013). OK, so now you have peaked my interest.
The Hain Celestial Group, Inc. (Symbol HAIN, $89.38) is a company that has a one year rise of 68.89% in stock price for the trailing 12 months. This would juice up any portfolio's health.
HAIN is one of my "14 for 2014" stock picks.
Earnings per share diluted year over year was 62.86%. The PEG ratio on the stock, that is the formula of "price/earnings to growth ratio", is 0.765. This is well under my top end threshold of 1.50 PEG ratio, so to me, this stock price is inexpensive compared to its growth. The ROE or Return on Equity of the company is 11.02, which is a little below the 15% ROE that I like to see, but with Carl Icahn involved here, that number will likely improve.
The 2013 earnings per share are projected out at $3.02 per share and the 2014 earnings per share are looking like $3.48 per share. Revenues for the company for the year 2013 were 1.852 Billion so this stock is a "Baby" Mid Cap stock and should have plenty of growth ahead of it.
The Market Capitalization on the stock is $4.283 Billion, so it is sized correctly if a suitor like Whole Foods Inc. had an interest in acquiring it. The Enterprise Value of the company is $4.871 Billion. The current forward PE on the stock is 25.55.
Insider purchasing looks favorable with more purchases than sells. Analyst ratings are 15 BUY recommendations and 3 Hold recommendations. The Current Ratio for the stock is 2.10 to 1.
There are 47.79 Millions shares outstanding of this New York based stock.
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| "Bjork hitch-hiking with Teddy bear" |
So if you need to hitch a ride this year with a stock that is going to take you a long way, Hain Celestial Group is probably a good way to go. Wait until things settle out a little bit in these first two trading weeks of the market year.
Freewilly
Because of the stellar operating performance of the listed companies on the Ghana Stock Exchange, the index has soared substantially over the past few years. In addition, most of the companies have recorded profits in their annual reports (especially in the financial sector), which has further stimulated higher interest in the exchange. According to analysts, the GSE is expected to grow even more profitable this year.
ReplyDeleteSome time past, however, Bloomberg offered the GSE's trading information on their website but has since put it behind paywall. This has prevented many investors around the world to have access to real-time market trading information on the exchange. One programmer has thus developed an application that provides real-time market data from the GSE in order to make such valuable information freely available. It can be found here.
I hope it proves useful to all.
Thank You Dan MC for the information for my readers. I have not invested in stocks on other exchanges yet, except through mutual funds who have investments in Ghana. There are certainly many financial opportunities in these exchanges.
DeleteFreewilly