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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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Puma unveil new Ignite NXT Crafted footwear

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Puma Ignite NXT Crafted footwear

Puma Golf has launched its new Ignite NXT Crafted footwear – a new version of the NXT with premium leather accents.

The upper of the shoe features a premium leather saddle wrapped around Pwrframe reinforcement. The Pwrframe TPU is an ultra-thin frame that is placed in high-stress areas of the upper for lightweight in a bid to offer added support and increased stability.

Puma Ignite NXT Crafted footwear

The new additions feature Puma’s Pro-Form TPU outsole with an organically-altered traction pattern, containing over 100 strategically placed directional hexagon lugs in proper zones, designed to provide maximum stability and traction.

Puma Ignite NXT Crafted footwear

The Ignite NXT Crafted footwear contain a full-length IGNITE Foam midsole, wrapped in Soleshield in design to offer maximum durability, comfort and energy return. Soleshield is a micro-thin TPU film that is vacuum-formed around the midsole designed to make cleaning off dirt and debris effortless.

Puma Ignite NXT Crafted footwear

Speaking on the new Ignite NXT Crafted footwear, Andrew Lawson, PLM Footwear, Puma Golf said

“The Ignite NXT Crafted perfectly fuse the beauty of handcrafted shoemaking with modern development techniques to deliver optimum elegance and peak performance. With the combination of style and performance these shoes will appeal to a wide variety of golfers – those who appreciate the classic look of a leather saddle shoe and those who value modern comfort and stability technologies being a part of their game.”

Puma Ignite NXT Crafted footwear

The Ignite NXT Crafted shoes are available in 4 colorways: White-Leather Brown-Team Gold, Black-Leather Brown-Team Gold, Peacoat-Leather Brown-Team Gold and White-Hi-Rise-Team Gold) and come in sizes 7-15.

Puma Ignite NXT Crafted footwear

The shoes cost $140 per pair and are available online and at retail beginning today, June 5, 2020.

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What GolfWRXers are saying about the best Nike driver ever

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@ukgolfclubsales

In our forums, our members have been discussing Nike drivers. WRXer ‘DixieD’ is currently building up a Nike bag and has reached out to fellow members for driver advice, and WRXers have been sharing what they feel is the best Nike driver ever made.

Here are a few posts from the thread, but make sure to check out the entire discussion and have your say at the link below.

  • Ger21: “VR Pro LE? I have two I was still playing last year.”
  • mahonie: “The STR8-Fit Tour was one of the best drivers I’ve played. Still have it the garage and take it to the range occasionally…it would possibly still be in the bag if it hadn’t developed a ‘click’ in the head which I cannot fix. Long, straight(ish) and nice sound.”
  • jackr189: “The VR_S is one of the best.”
  • Finaus_Umbrella: “I played the Vapor Fly Pro, and still do on occasion for nostalgia sake. Sound and feel are great, but it demands a good strike.”
  • PowderedToastMan: “I enjoyed the SQ Tour back in the day, the one Tiger used forever. Do I miss it? Not at all, but it was a pretty good club for its time.”

Entire Thread: “Best Nike driver?”

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What GolfWRXers are saying about driving irons for mid-handicappers

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In our forums, our members have been discussing whether mid-handicappers can benefit from a driving iron. WRXer ‘jomatty’ says:

“I average about 230 off the tee on good drives. I can get a little more sometimes, but 230 is probably the average. I’m 42 years old and shoot in the mid to low 80’s. I do not get along with fairway woods very well, especially off the tee, and really don’t get enough extra length over my hybrid to consider using it aside from very rare situations on par 5’s (I’ve considered just going from driver to 19-degree hybrid and getting an extra wedge or something).”…

…and wants to know if he would be better served by a driving iron. Our members have been sharing their thoughts and suggestions.

Here are a few posts from the thread, but make sure to check out the entire discussion and have your say at the link below.

  • MtlJeff: “If you can shoot mid 80’s, you probably hit it well enough to hit a bunch of different clubs. Personally, I think hybrids are easier to hit….but some driving irons are quite forgiving. I use a G400 crossover that is very easy to hit and looks more iron-like. Something like that you might like. Be careful with some of them though because they aren’t always super forgiving, so you’d have to hit them first.”
  • HackerD: “G410 crossover is my version of a driving iron, feel like I hit it straighter than a hybrid. Just as easy to hit as a hybrid.”
  • hanginnwangin: “I shoot in the low 80s normally and in the 70s on my really good days. I have probably around the same or similar swing speed as you. I have been hitting my 4 iron off the tee on tight holes, and it’s been working pretty well so far. I hit it about 190-220. I have a 4 hybrid but just can’t hit it as consistently as the 4 iron, and it doesn’t even go much farther. I have a 5 wood which I only use for 220+ yard par 3s or wide-open fairways. Basically, it’s all personal preference and what you do best with. Everyone is going to be different. Try new stuff out and see what works. But if irons are the strongest part of your game (they are for me as well), I would give the 4 iron a shot. You can get a lot of roll out on the tee shots with it,”
  • Hellstrom: “Don’t laugh, but I bought a 17* hybrid with a senior flex shaft at a garage sale for $5, and I can hit it nice and easy and keep it in play without losing any distance. My driver SS is between 105 and 110 usually and swinging this thing feels like swinging a spaghetti noodle, but it works. I don’t have it in the bag all the time, but I do use it for certain courses. I take my 6 iron out and throw that in, so if I struggle with getting the ball off the tee, I just go to that.”

Entire Thread: “Driving iron for a mid-handicapper”

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