I haven't looked deeply into SMG...Etrade shows a possible red flag: "SMG's debt to equity ratio (3.71) indicates that it has been more aggressive with using debt to finance growth than 93% of its peers in the Chemical Manufacturing industry." Have you looked into its debt levels any? Seems kind of high.
I think it is a Buffet-style company with a big "moat", but I don't think he would pay this much for it. Using TA I wouldn't call a bottom yet either, unless the options market is telling you something different. But calling bottoms is not my strong point, lol.
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