2023-03-26 05:13:16 ET
Summary
- Scotts Miracle-Gro faces much uncertainty and is not out of the woods yet.
- The company's Hawthorne business may have changed structurally and it will not recover soon.
- The U.S. economy is projected to grow below 1% in 2023; consumer spending may be under further stress.
- High debt and economic uncertainty make Scotts Miracle-Gro a speculative investment.
- Selling a cash-secured put with a $45 strike price may be the best way to generate income and buy the stock at a reasonable valuation.
For further details see:
The Scotts Miracle-Gro Co.: Sell $45 Cash-Secured Put Generate Income