The Investment Thread
Holy cow. Scott’s Miracle Gro stock has been beaten into a pulp. The WSJ published a report on them a month ago. They are sitting on way too much inventory and retail purchases went down.
But gosh darn. It’s beaten.
The current share price is now 51% lower than the Covid lows in March of 2020. The RSI hasn’t been this low since the 2008 crash. And the modified RSI has never dropped this low.
There hasn’t been much dilution either.
The market cap is fully in line with the share price chart. It’s currently at the lowest market cap since 2009.
The other thing that I looked at was the Moving average Convergence Divergence (MACD).
It’s the lowest it’s ever been. By far. In meme scenarios….typically this would/should violently move back the other direction.
I don’t have any positions. But dang I’m tempted.
Holy cow. Scott’s Miracle Gro stock has been beaten into a pulp. The WSJ published a report on them a month ago. They are sitting on way too much inventory and retail purchases went down.
But gosh darn. It’s beaten.
The current share price is now 51% lower than the Covid lows in March of 2020. The RSI hasn’t been this low since the 2008 crash. And the modified RSI has never dropped this low.
There hasn’t been much dilution either.
The market cap is fully in line with the share price chart. It’s currently at the lowest market cap since 2009.
The other thing that I looked at was the Moving average Convergence Divergence (MACD).
It’s the lowest it’s ever been. By far. In meme scenarios….typically this would/should violently move back the other direction.
I don’t have any positions. But dang I’m tempted.