Scotts Miracle-Gro: Green Shoots Sprout

Filed under: Stocks to Buy

The shares of The Scotts Miracle-Gro Company (SMG), which I first wrote about on May 20, 2009 at a price of $34.88, are spouting, and I still like SMG at this juncture. Here's why.



Look for Scotts to record 2010 revenue growth of 8-10%, boosted by increasing demand for consumer lawn and garden products. Professional products revenue, however, will face a tougher road, as commercial real estate managers cut landscape/outdoor maintenance costs to conform to tight budgets.



Meanwhile, margins should firm in the second half of 2010, as commodity/material costs stabilize and pricing firmness, if not pricing power, returns.

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Scotts Miracle-Gro: Green Shoots Sprout originally appeared on BloggingStocks on Fri, 14 May 2010 17:30:00 EST. Please see our terms for use of feeds.

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