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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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Bubba Watson’s Winning WITB: 2018 Travelers Championship

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Driver: Ping G400 LST (8.5 degrees, at 7.6 degrees)
Shaft: Grafalloy Bi-Matrix Pink X-Flex
Length: 44.5 inches (tipped 0.5 inches)

Fairway Wood: Ping G (14.5 degrees, at 13.2 degrees)
Shaft: Fujikura Tour Spec 8.2X
Length: 42 inches, tipped at 1.5 inches
Swing Weight: D3

Irons: Ping iBlade (2 iron), Ping S55 (4-PW)
Shafts: True Temper Dynamic Gold Tour Issue X100
Length: +0.25 inches (2 iron), +0.5 inches (4-PW)

Wedges: Ping Glide 2.0 (52-12 SS, 56-12 SS, 60-06 TS)
Shafts: True Temper Dynamic Gold Tour Issue X100
Length: +0.5 inches

Putter: Ping PLD Anser (Blast Finish)
Grip: Ping Pistol
Length, loft, lie: 34.25 inches, 4.5 degrees, 68.5 degrees
Weight: 340 grams

Golf Ball: Titleist Pro V1x

Grips: Bubba plays the Ping Grips made by Golf Pride, and he uses 12 wraps of tape under his lower hand and 10 wraps of tape under his top hand in all clubs except his lob wedge. Lob wedge is 13 (lower hand) and 11 wraps (upper hand).

Related

 

Discussion: See more photos and discussion here

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Bettinardi unveils new BB1 F Summer Lovin’ putter

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Bettinardi unveiled a new addition to The Hive at its Summer Social last night, and it’ll have you pining for the days of a certain festival on Max Yasgur’s farm.

The BB1 Flow Summer Lovin’ putter is a new creation from Robert J. Bettinardi that features the company’s first-ever stainless steel tie-dye PVD pocket insert.

Here are the specs for this truly groovy golf club.

  • Material: 303 Stainless Steel
  • Insert: 303 Stainless Steel Tie Dye PVD
  • Face Milling: Micro Honeycomb
  • Weight: 358 grams
  • Finish: Tour Blast
  • Lie: 70°
  • Loft:
  • Toe Hang: 3/4
  • Grip: Orange Lamkin

The BB1 Flow Summer Lovin’ will be available through The Hive and Bettinardi specialty dealers on Thursday, June 28th for $750.

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Kenny Perry WITB 2018

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Equipment is accurate as of the 2018 US Open (6/12/2018).

Driver: Vertical Groove (10.5 degrees)
Shaft: Aldila Rogue 60 Tour X

3 Wood: TaylorMade M4 (15 degrees)
Shaft: Fujikura Atmos Tour Spec 7X

5 Wood: TaylorMade M4 (18 degrees)
Shaft: Fujikura Atmos Tour Spec 7TX

Hybrid: Exotix CBX (19 degrees), Adams Idea a12 (17 degrees)
Shaft: Graphite Design Tour AD DI-95x Hybrid

Irons: TaylorMade r7 (4-PW)
Shaft: KBS Tour

Wedges: Cleveland RTX-3 (54-14), TaylorMade MG Hi-Toe (60), Hopkins Golf (64)
Shaft: True Temper Dynamic Gold Tour Issue S400

Putter: Scotty Cameron Circle T T5W
Grip: Scotty Cameron Pistol

Discussion: See what GolfWRX members are saying about Perry’s clubs. 

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