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Non-Tech : Natural/Health Food Industry Stocks

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To: marcher who wrote (321)	9/27/1999 11:37:00 AM
From: Greger	Read Replies (1) of 337

Hain sold nearly 20% stake to Heinz today. Interesting that the stake diluted the stock by the same number, but should have cemented the fair value of the company at around $ 28 1/2 and the stock is down to ~$26. WFMI news should not have hurt the stock as much as it did. It seems to have shook some investors out who are worried about the short term and rightly so. IMHO, if you are a serious long 3+ years, this stock will do well, but it has the Street to overcome (due to missed numbers) and grocery consolidation to worry about (may cause a sooner move to NF by the mainstream grocers).

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