Is this good or bad for us?
Prich...
A: Adams Golf has been the lead LDA Equipment Sponsor for a while... This news article, be it based upon fact or something to simple filling space is CLEARLY not something any of you needed to read.
B: Technically speaking it directly impacts a couple of you far more than the bulk of the readers of this forum.
C: Perhaps I have not been paying close attention, mostly because I don't really care about the health or longevity of the OEM side of the industry, but I cannot think of the last time that a "private investor group" bought any big name brand of hardgoods in the game. I mean... they would need to have their collective IQ's checked or simply have so much money that they simply enjoyed watching it disappear.
D: This part of the story pretty much tells a big portion of what will happen.... "
After posting a net loss of $12.2 million in 2009, the company has made money in six of the past seven quarters. The shares, which gained 37 percent last year, rose 4.3 percent after the close to $6.58 at 6:32 p.m. in New York.
“We are going to go through with a process that best helps shareholder value,” Brewer said today in a telephone interview". In other words... for the past , almost 2 years, this company has "
made money"... their stock has "risen 37%" which is outstanding and still is sitting at a whopping $6.58 cents per share after two years of profitable sales! As a comparison... GOOGLE is sitting today at almost $652 per share, also making money is the past 2 years.
E: The rest of that article points out that Morgan Stanley is the same company that fostered the Titleist sale. And the 3 brands named are not commenting. Hmmmmmmmmm...
F: Bottom line is, and to answer your question directly and without the cockeyed optimism that sometimes accompanies posts on this forum.... The golf industry is now and will be in, for the foreseeable future, the toilet. People do not sell cash cows, people feed them, warm them, and protect them. On the other hand, people tend to pull the rip cord before they smash, headfirst into the ground. They made an entire sport out of that very thing. The warning signs are and have been all around you, yet nobody has mentioned any of them.
I cannot see one single thing that has been pointed out that shows an upward trajectory for any of it. No apologies, not trying to slam anyone at all, just pointing out the absolute reality.
