Q1 for SMG is quiet and a loss was always expected so a 16% drop after 7% growth in sales seems over done.
The big ooportunity for SMG is its hydroponics division supplying the legal marijuana industry. That just accounted for 11% of sales in 2017 but sales doubled and earnings trebled.
After the drop SMG is trading on a TTM PE of 20.7 which looks good value for a company that is 90% steady 5% growth garden supplier and 10% growth stock with huge potential.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted March 09, 2018 at 03:44AM by InterestingNews1
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