How Green Will 2011 Be for Scotts Miracle-Gro?

Filed under: Stocks to Buy

The Scotts Miracle-Gro Company (SMG), which I first wrote about on May 20, 2009 at a price of $34.88, appears poised to breakout to the upside, above $60, and I obviously still like the business model at this stage.



Scotts will likely record 2011 revenue growth of 5-8%, boosted by increasing demand for consumer lawn and garden products in the U.S. (finally), Canada, and in selected European countries. The company's lawn service unit will see slightly higher revenue in 2011.



Further, margins should increase about 90 basis points in 2011 to about 36.5%, as commodity/raw material costs stabilize, prices firm, and productivity improvements help the bottom line.

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How Green Will 2011 Be for Scotts Miracle-Gro? originally appeared on BloggingStocks on Fri, 04 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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