In a recent interview penned in Value Investor Insight, Jonathan Boyar explains why the Scotts-Miracle Gro shares deserve a closer look.
Jonathan Boyar argues that the investor concern around Scotts has been overdone. He considers its U.S. consumer business a uniquely strong franchise, which will continue to thrive beyond any short-term negative comparisons as millennials increasingly move into homes and continue to show a greater propensity to spend on lawn and garden products than their parents. The company estimates that 20 million people have bought Scotts’ products for the first time since the pandemic started. After a modest reset this year, Boyar expects high margin revenue growth in the consumer business to resume.
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