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Adams Golf’s Brewer Says Sale, Dividend Among Strategic Options

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Bloomberg Buisness Report today By: Matt Townsend.

Adams Golf Inc., the golf club seller that today said it hired Morgan Stanley to review strategic alternatives, may consider among its options a sale or starting a dividend, Chief Executive Officer Chip Brewer said.

Potential suitors for Plano, Texas-based Adams include Callaway Golf Co., Nike Inc. and Adidas AG, said a person familiar with the matter, who declined to be identified because the discussions are private.

Adams Golf, founded by Chairman Barney H. Adams in 1987, boosted sales 14 percent to $97.4 million in the 12 months ended Sept. 30. 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.

Morgan Stanley, based in New York, advised Fortune Brands Inc. last year on the sale of its Titleist golf unit to a group led by Fila Korea Ltd. for $1.23 billion in cash.

The review may not result in a transaction, Adams said today in a statement.

Click here to read entire article on bloomberg… http://www.businessweek.com/news/2012-01-05/adams-golf-s-brewer-says-sale-dividend-among-strategic-options.html

According to a thread on GolfWRX one writer says:

Who’s buying Adams? I’m guessing Under Armour. Golfbiz is reporting Adams is for sale. My question is who’s the players? Under Armour was a rumor on Titleist/Acushnet, could they be interested in Adams now, who’s gotta be cheaper that the Titleist acquisition. Ideas?

On GolfWRX reader are all over this. Suitors have been picked. Click here to read discussion in the forums… http://www.golfwrx.com/forums/topic/564999-whos-buying-adams-im-guessing-under-armour/

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GolfWRX is the world's largest and best online golf community. Expert editorial reviews, breaking golf tour and industry news, what to play, how to play and where to play. GolfWRX surrounds consumers throughout the buying, learning and enrichment process from original photographic and video content, to peer to peer advice and camaraderie, to technical how-tos, and more. As the largest online golf community we continue to protect the purity of our members opinions and the platform to voice them. We want to protect the interests of golfers by providing an unbiased platform to feel proud to contribute to for years to come. You can follow GolfWRX on Twitter @GolfWRX and on Facebook.

2 Comments

2 Comments

  1. Adams Golfer

    Jan 6, 2012 at 4:55 pm

    As a shareholder of Adams Golf, I’m excited that Chip has finally looked at this route. There is no reason for this company to be public, and a take private or a sale to a strategic is exactly what is needed to unlock shareholder value. With Callaway trading at 13.8x EV/EBITDA, it looks like Adams should go for a pretty penny.

  2. r8ted wrx

    Jan 6, 2012 at 4:43 pm

    I would like to see Adams succeed but if not then I believe Nike needs to go after them. It would make Nike that much better and able to compete more with Taylormade and Titleist.

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Equipment

Callaway Golf launches new titanium Jailbreak-powered Super Hybrid

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Callaway Super Hybrid

Callaway Golf aims to redefine what a hybrid can be with the introduction of the all-new, multi-material, titanium-powered Callaway Super Hybrid for 2020. Built to offer the distance, ball speed and forgiveness of a fairway wood, with the added benefit of being built into a hybrid chassis, the Callaway Super Hybrid is the designed for those golfers that want control without sacrificing distance.

Creating a hybrid that performs like a fairway wood takes some serious engineering, and in the case of the new Callaway Super Hybrid, it means pulling out all the stops with technology and packing it all into one finely tuned club.

Here’s everything the R&D team at Callaway has been able to accomplish with this hybrid design

2020 Callaway Super Hybrid: Details

High-Strength Titanium Face insert

The Titanium face insert of the Super Hybrid promotes greater ball speeds and ball speed consistency thanks to variable face thickness, according to the company. Adding in Callaway’s proven Jailbreak technology helps stiffen the total structure of the clubhead’s titanium body. This places, as Callaway says, more impact load on the Face Insert to push the limits of flex and ball speed retention.

Light Weight Carbon Crown

An all-new T2C Triaxial Carbon Crown has a tighter weave than other composite crowns used in the past which increases strength and saves weight versus a traditional hybrid’s steel crown. The weight savings are then redistributed within the head to lower the Center of Gravity, and raise MOI for consistent distance on mishits.

Full Titanium Body With Precise Tungsten Weighting

Using a titanium body (the crown not withstanding) allows Callaway engineers to place a large volume of tungsten into the heel and toe of each clubs to once again increased MOI and optimized ball flight.

Using the same Metal Injection Molded Tungsten Weighting technology seen in other Callaway clubs, including the Epic Star line, Callaway is able to place a very high volume Metal Injection Molded (MIM’ed) tungsten weight to optimize CG for launch and control. How much tungsten you might ask? 68 grams per head—that’s close to 30 percent of the average hybrid’s total head mass!

Tech Specs and Options

The Callaway Super Hybrid will be available in three loft options, all three of which will also be available in left-handed. The stock shaft is the popular Mitsubishi Chemical Tensei CK PRO Orange 80 Hybrid shaft, but like anything Callaway, it will also include a large amount of no-upcharge options for custom orders.

Callaway Super Hybrid Pricing and Availability

The Callaway Super Hybrid is now available for preorder with retail stock hitting shelves on November 1st.

MSRP: $319.99

 

 

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Whats in the Bag

Jason Day WITB 2019

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*Equipment accurate as of The Challenge: Japan Skins

Driver: TaylorMade M6 (10.5 degrees)
Shaft: Mitsubishi Rayon Kuro Kage Silver Dual-Core TiNi 70X

3-wood: TaylorMade M6 (15 degrees)
Shaft: Mitsubishi Rayon Kuro Kage Silver Dual-Core TiNi 80X

Irons: TaylorMade P760 (3-PW)
Shafts: True Temper Dynamic Gold X Seven

Wedges: TaylorMade MG2 (50, 54, 60 degrees)
Shafts: True Temper Dynamic Gold Tour Issue S400

Putter: TaylorMade Spider Tour Itsy Bitsy Black (2015)

Grips: Golf Pride Tour Velvet Cord

Ball: TaylorMade TP5

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Whats in the Bag

Justin Thomas’ winning WITB: 2019 CJ Cup

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justin-thomas-winning-witb-justin-thomas-witb

Driver: Titleist TS3 (9.5 degrees)
Shaft: Mitsubishi Diamana ZF 60TX

justin-thomas-witb-driver

3-wood: Titleist TS3 (15 degrees)
Shaft: Mitsubishi Tensei CK Pro Blue 80TX

5-wood: Titleist 915Fd (18 degrees)
Shaft: Fujikura Motore Speeder VC 9.2 Tour Spec X

Irons: Titleist T100 (4-iron), Titleist 620 MB (5-9)
Shafts: True Temper Dynamic Gold Tour Issue X100

Wedges: Vokey Design SM7 (46, 52, 56 degrees), Vokey Design SM6 (60 degrees)
Shaft: True Temper Dynamic Gold Tour Issue S400

Photo via Vokey Wedge Rep Aaron Dill

Putter: Scotty Cameron X5

Grip: SuperStroke Pistol GT Tour

Ball: Titleist Pro V1x

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How @justinthomas34 marks his @titleist Pro V1x ????

A post shared by Ben Alberstadt (@benalberstadt) on

Grips: Golf Pride Tour Velvet Cord

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