Why the Bears Are Wrong About The Scotts Miracle-Gro Stock

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In mid-June home lawn and fertilizer care specialist The Scotts Miracle-Gro Company (NYSE:SMG) lowered its full-year fiscal 2017 outlook, citing a more than 10% drop in mass retail sales compared to the year-to-date checkpoint from the previous year. That was caused by challenging weather this spring in core markets across the United States.

The company lowered adjusted EPS to a range of $4.00 to $4.20, down from the original $4.10 to $4.30.

Investors wasted no time sending shares lower on the news.

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