(09-14-2021, 05:57 PM)NilesMike Wrote:SMG was a short-term play that was right in my face. I helped out in garden for a day or so at HD last year during lockdown. We ran out of deck lumber so fertilizer was a thing. Old men lined up with $500 carts as far as the eye could see lol. It's normal for lawn fertilizer sales to be robust in spring of course, but this was like a rush on toilet paper because it's very important to fertilize your lawn during a pandemic.(09-14-2021, 05:10 PM)Dividends from Scratch Wrote: Can someone tell me what's the attraction of SMG? I see a yield of 1.82%, 5 year DGR of 5%?
Actually, nothing attractive about it.
Potential support of 176 didn't hold, 167 didn't hold, now 151 didn't hold. I think mid 120's should hold. No need to buy it here IMO
I can't speak for Divmenow but he has been in the habit of buying stocks that get a hard whack on an earnings miss or whatever. I and some others have as well with considerable success. As long as it was a solid company it's been working for many months. Buying every dip paid off better than average. I am back to waiting a few days for things to settle out and then maybe jump in after some research. Market is more skittish now and things may be more normal? I'm not a big fan of Cramer's strategies but he has preached a "three day rule" forever. It's not terrible advice. In normal times it's rare for a stock to get crushed and V bottom bounce off that. All I know with certainty is most of my most painful plays involved trying to catch a falling knife, or averaging down WAY before the market had time to calm down and stabilize a panicky share price. Anyway fertilizer sales will soon be next to zero in half the country until next spring. Little chance of a huge upturn in sales to spike the stock.