Who Wants to Own a Golf Equipment Company?
I wouldn't.
Golf equipment isn't a very good investment these days. Look at Callaway. It's stock has dropped 20% since July ($15.71 vs. $19.49), Golfsmith has faired even worse crash-diving 47% ($5.77 vs $10.95).
Two articles came to my attention on the golf equipment business recently:
Cleveland Sale Appears Imminent and
Huffy Corporation Sells Tommy Armour. Both appeared in GolfWeek Business. For leveraged buyout groups like the one that is selling Cleveland and the sporting goods conglomerate that is unloading Tommy Armour, golf isn't fitting into their idea of making a profit.
Quicksilver, the current owner of Cleveland because of its acquisition of Rossignol skis in 2005, wants to dump it because the parent took its first annual loss in 15 years. Huffy, which acquired Tommy Armour, TearDrop, Ram, and Zebra when it purchased extreme sports manufacturer Gen X in 2002, later emerged from bankruptcy in 2005 and no longer thought golf fit into its future plans. Rumors are that Cleveland could be a TaylorMadeAdidas target, but nothing is official.
Last year it was
sporting good retailers consolidating. Is 2007 the year for golf equipment manufacturers?
Labels: Callaway, Cleveland, Golfsmith, Golfweek, TaylorMade, Tommy Armour
CLICK HERE to listen.In Episode #36 of Golf Gear News, host Bruce Stasch reports at The Newstand on
Pro Athletes Who Are Golfers,
Wie Will Concentrate on the LPGA, and
Maxfli Kills Daly Ad.In the State of the Game we read about
The Cost of Endorsements and She Golfs Too introduces
Lady With 10 Holes-in-One.The Guru rants about the
Idiocy of Draw Drivers & Moveable Weights.We find that Callaway Gets Caught in Non-Conforming Web, and Golf of The Weird learns how to
The Compute Odds of One Women's 10 Holes-in-One.Finally, at Website Spotlight, check out the legal website
Golf Patents.As always, our show is sponsored by
Golfknockoff.com.
Check out our new
Media Kit.
Labels: Callaway, Equipment, Golfweek, Michelle Wie, Moveable Weights, Podcast
CLICK HERE to listen.In Episode #35 of Golf Gear News, host Bruce Stasch reports at The Newstand a
Special Report from the Verizon Windstorm,
In the Shadow of Zach Johnson, and
Nancy Lopez's Return is Going Poorly.In the State of the Game we read about the Death of the U.S. Pro Tour and She Golfs Too discovers
Rachel Ray - The Golfer and the
Sorenstam Isn't Returning Soon. We travel in Golf Around the World to
The Perfect Scotland Golf Trip and find
The PGA Tour is coming to Puerto Rico.In Can't We All Get Along a
Man of the Cloth Isn't Very Holy and Golf of The Weird learns how to
Blend Your Golf Balls.Finally, at Website Spotlight, check out the
World Golf Hall of Fame.As always, our show is sponsored by
Golfknockoff.com.
Check out our new
Media Kit.
Labels: Golfweek, LPGA, Nancy Lopez, Podcast, The Masters, Women's Golf
CLICK HERE to listen.In Episode #30 of Golf Gear News, host Bruce Stasch reports at The Newstand on
R&A Opening Clubhouse to Women, Goosen's Win in Qatar and Alledged Mob Ties to New York Golf Course.
In the Perfect Fit section we explore a recent
Golf Shaft Survey by Golfweek.The Guru Commentary rants about
Why We'd Rather Love Duval. She Golfs Too talks about a Couple that Decides Name on Golf Course and the Component Corner announces the
Formation of a New Clubbuilders Association.We travel the globe in Golf Around the World and visit the
Goofy Golf Miniature Golf Course.Our police blotter in Why Can't We All Just Get Along finds that
a Golf Club vs. Sword Fight Broke Out. Golf of the Weird hears about
Golf Cart Vandals.Our Website Spotlight is
Golfmates.com.
As always, our show is sponsored by
Golfknockoff.com.
Check out our new
Media Kit.
Labels: David Duval, Golfweek, Miniature Golf, Retief Goosen, Weird Golf Stuff
