Registered: Feb 2008
Posts: 10

Normally I'm not the kind of person to catch a falling knife, but at this point the stock looks good. (SMG)

Plenty of horizontal support at $24. I'm thinking going long via options tomorrow at open. A modest bounce to 27 over the next few days doesn't seem out of reach.

Any takers?

Registered: Feb 2005
Posts: 1029

Hmm. California just declared emergency drought measures. Its going to be illegal to water your lawn in California very soon. Kinda impacts the lawn care product market dontcha think?

Registered: Feb 2008
Posts: 10

I'm not too worried about the fundamentals. This stock is down big the last few weeks/months and I think $24 per share is where it bounces.

Registered: Mar 2007
Posts: 1370

here's an expensive lesson i've been learning:
don't buy a falling stock
buy it on the rise

Registered: Aug 2004
Posts: 1021

its p/e ratio still high at these levels (18). I am not sure that it is a bargain.

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Quote from Thermactor:

here's an expensive lesson i've been learning:
don't buy a falling stock
buy it on the rise

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Registered: Aug 2004
Posts: 1021

In the midst of a national recall of a fertilizer that contained an unregistered herbicide, the Scotts Miracle-Gro Co. has told investors that it has found new issues with the registrations of other products.

In a June 4 Securities and Exchange Commission filing, Scotts reported finding "certain discrepancies in its registration records with respect to several additional products."

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