Opinions

Keith Richards Scotts Miracle-Gro Company SMG-N HOLD Jul 09, 2018

It was in an uptrend and then there was consolidation. There was support at $82 and then that broke down. On the positive sign it is consolidating. You would like to see a break out above $89 so it could return to its old trading range. It is in no man's land right now.

Keith Richards

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$87.150

Stock price when the opinion was issued

misc consumer products

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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.

BUY

A play on the stay-at-home economy. You can count on this.

BUY

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.

BUY

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.

BUY

Will benefit from the U.S. cannabis boom.

TOP PICK

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)

BUY

Gardening season is right around the corner. It pays a 2.3% dividend yield and trades at 12x earnings. It's a cheap stock. He also likes Lowes.

DON'T BUY

Don't buy more at this low price. It was a housing and lawn play that turned into a cannabis play. No to any cannabis stock now.

BUY

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.

DON'T BUY

He uses their product, but if the weather isn't good, he can't recommend this stock.

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Keith Richards Scotts Miracle-Gro Company SMG-N HOLD Jul 09, 2018

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