farmwars.info / By Barbara H. Peterson / June 18, 2013
Hain Celestials has been caught mislabeling its “organic” products. Not only that, but Celestial Seasonings tea, which is so popular and “healthy?” Well, hold onto your hats…. It has been found to be laden with pesticides and known carcinogens, well above FDA standards.
So, before you plunk down your hard-earned money on a brand that you think you can trust, such as Earth’s Best “Organic” baby food, please reconsider. This brand is owned byThe Hain Celestial Group. While it is not on the list of tested products that were found to be mislabeled or contaminated, that doesn’t mean that it is what the company says it is. After all, if 91% of samples tested from the company’s “natural” tea products were found to be contaminated with high levels of pesticides, and several “organic” products were not exactly “organic,” how many more products that were not tested would fare the same?
Here is the report. Please pay close attention to the “Insider Sales” section:
THE HAIN CELESTIAL GROUP, INC. (“Hain” or the “Company”) is a $3 billion roll-up of disparate food brands that we believe is masquerading as a healthy/organic food company. In this report we present compelling evidence (based on independent lab tests and other due diligence) suggesting that products representing 85% of the Company’s 2012 internal growth are beset by quality control issues and/or deceptive marketing practices. We believe that once the Company’s exaggerated claims are exposed, Hain will revert to its historical internal growth rate of 3% and eventually trade in-line with mature packaged goods companies at a 15.5x forward p/e multiple. As Hain currently trades at 24x forward earnings, this implies downside of 35%.
Thanks to BrotherJohnF