Hain management doesn't like to talk about organic growth because it claims once an acquisition is done its post-deal maneuverings can improve performance; it prefers investors to watch "consumption" of its brands via SPINS and IRI data.
Well, the consumption data shows that aside from one existing brand, a baby food, the only two brands showing strong growth over the past year were two that were acquired over the past two years. The suggestion is that Hain is addicted to acquisitions, which is all the more reason to watch organic growth. My favorite questions to all acquisitive companies -- a question I've asked Hain and am now awaiting an answer: What will growth be when the acquisitions stop?
I'll pass along the answer and more when I get it. Just can't tell you whether I'll be doing it here, in my MarketWatch Column, on CNBC, in my relatively new gig of writing a column for the Weekend Wall Street Journal, which can usually be found on page B-4 or B-5 -- or a combination, thereof. (How's that for a tease?)