A more 'close to home' name that I like is Scott's Miracle-Grow (SMG). SMG announced earnings this week, reporting a quarterly net income of $175.9 million, or $2.65/share, from $147.8 million, or $2.27/share in the year-ago period. Analysts expected a profit of $2.44/share. The company also announced plans to buy back $500 million shares over the next four years and doubled its quarterly dividend to $0.25/share. "Our business and cash-flow are strong, our balance sheet is healthy and our low debt-to-EBITDA level gives us tremendous flexibility in managing our business," said Cheif Executive Jim Hagedorn in a note. Looking ahead, SMG reiterated its full-year earnings forecast of $3.25 to $3.35 cents a share.
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