7 Steps to Investing in Marijuana Stocks
Here are seven steps to investing in the high-flying cannabis industry.
The Company is the combination of two companies in the consumer lawn and garden market: O.M. Scott & Sons and Sterns Miracle-Gro Products, Inc. It is a marketer of lawn fertilizer, grass seed and growing media products within the United States.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
SMG
Scotts Miracle-Gro
|
$81.36 | $5B | -44.3% | -0.6% |
CMP |
$43.24 | $2B | -34.7% | -16.1% |
BKW |
$21.86 | $3B | -11.0% | 93.2% |
BCPC |
$136.47 | $4B | 3.6% | 86.2% |
SJ |
$41.11 | $3B | -4.8% | -3.4% |
Here are seven steps to investing in the high-flying cannabis industry.
The lawn and garden care company delivered a disappointing set of earnings in a key time period.
Shares of the lawn care and hydroponics company got hit after it reported earnings, which weren't very good. The outlook was even worse.
The grass doesn't seem like it will be as green in 2022 as the company once thought.
Scotts Miracle-Gro cut its sales and earnings guidance for the year, despite strong consumer retail sales.
They're stable enough to keep paying a meaty dividend for years.
These are solid businesses that can be pillars for your portfolio for years to come.
Spring is in the air. It could be time for a fresh look at Scotts Miracle-Gro.
Scotts Miracle-Gro is a safe way to invest in the cannabis industry.
These are also attractive growth stocks to hold that can capitalize on opportunities in the cannabis and tech sectors.
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