Benj Gallander
Scotts Miracle-Gro Company
SMG-N
COMMENT
Aug 05, 2016
Marijuana stocks? A lot of the marijuana companies are going to disappear, so it is not going to go up every day and keep on getting higher and higher. You also have to watch that there are a lot of people who just want to fleece you in this field. This fertilizer company is actually diversifying into the area, and have come out with an earth product that is especially made for pot growers.
It is a way to play its core business of plant feed and herbicides. Cannabis adds a sex appeal. He would look at it again at the right price. At 15-16 PE it is appropriate to buy it. It has brand and some growth.
Agriculture is one of the big themes he's pursuing. He's been using MOO, which has been making relative strength new highs. Agriculture has recently been breaking out to new highs. SMG would fit in here. Technically, a good time to buy. Looks very, very good through $220. Also owns NTR.
They report Wednesday. Gardening was a hobby that exploded during the pandemic and he expects that trend to carry over this season. The at-home cannabis market will also have an effect.
THE leader in lawn and garden care. The stock did well during the pandemic. It will be a consistent cash flow generator. It is also involved in hydroponics, which may eventually be spun off. a great price here. Yield 1.73% (Analysts’ price target is $196.50)
Are debt and family control of concern? Free cashflow generator. Reducing debt. Weakness in cannabis sector has weighed on the hydroponics division. Well run. Best brand in the business by far. Great business. Quite bullish on it.
Marijuana stocks? A lot of the marijuana companies are going to disappear, so it is not going to go up every day and keep on getting higher and higher. You also have to watch that there are a lot of people who just want to fleece you in this field. This fertilizer company is actually diversifying into the area, and have come out with an earth product that is especially made for pot growers.