Hain Celestial Group Inc (HAIN) Collapses On Accounting Issue

Hain Celestial Group Inc (NASDAQ:HAIN) stock is collapsing this morning – down around 27 percent at the time of this writing. While that is a lot for a company even with a few million dollar market cap it is rare for a company with a (now) size of around $4 billion. The reason? Accounting issues – so is it serious or not? Well if you believe the sell-side (and maybe you should not) although in general the analysis is great even if conclusion is not IMHO, it seems somewhat serious so they are cautiously optimistic (JK – but without even…