Equipment
Adams Golf’s Brewer Says Sale, Dividend Among Strategic Options
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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Equipment
Coolest thing for sale in the GolfWRX Classifieds (4/23/24): TaylorMade Qi10 Driver Ruby Red
At GolfWRX, we are a community of like-minded individuals that all experience and express our enjoyment of the game in many ways.
It’s that sense of community that drives day-to-day interactions in the forums on topics that range from best driver to what marker you use to mark your ball. It even allows us to share another thing we all love – buying and selling equipment.
Currently, in our GolfWRX buy/sell/trade (BST) forum, there is a listing for a TaylorMade Qi10 Driver Ruby Red.
From the seller: (@Gehly): “TaylorMade Qi10 Driver 9.0 Designer Series Ruby Red. Custom Mitsubishi Kai’li Red 60s (stiff) shaft, plays 46”. Great condition, head near mint (see pics). w/ Red/Black Golf Pride NDMC Midsize grip. No headcover for it. $545“
To check out the full listing in our BST forum, head through the link: TaylorMade Qi10 Driver Ruby Red
This is the most impressive current listing from the GolfWRX BST, and if you are curious about the rules to participate in the BST Forum you can check them out here: GolfWRX BST Rules
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- Sam Burns’ what’s in the bag accurate as of the RBC Heritage.
Driver: Callaway Paradym Triple Diamond S (9 degrees @10)
Shaft: Fujikura Ventus Blue 7 TX
3-wood: Callaway Paradym Ai Smoke Triple Diamond T (15 degrees @16)
Shaft: Fujikura Ventus Blue 8 X
Hybrid: Callaway Apex UW (21 degrees)
Shaft: Fujikura Ventus Blue 8 X
Irons: Callaway Apex TCB ’24 (4-AW)
Shafts: Project X 6.5 (4-PW), True Temper Dynamic Gold X100 Tour Issue (AW)
Wedges: Titleist Vokey Design SM10 (56-14F @55), WedgeWorks Proto (60-T)
Shafts: True Temper Dynamic Gold S400 Tour Issue (56, 60)
Putter: Odyssey Ai-One #7S
Grips: Golf Pride Tour Velvet Align
Ball: Callaway Chrome Tour X
Check out more in-hand photos of Sam Burns’ WITB in the forums.
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- Will Zalatoris’ what’s in the bag accurate as of the RBC Heritage.
Driver: Titleist TSR2 (9 degrees, A1 SureFit setting)
Shaft: Fujikura Ventus TR Black 7 X (44.5 inches)
3-wood: Titleist TSi2 (15 degrees, A1 SureFit setting)
Shaft: Fujikura Ventus TR Blue 8 X
Irons: Titleist T350 (3), Titleist T150 (4-PW)
Shafts: Nippon N.S. Pro Prototype G.O.S.T. 10 ST X (3), True Temper Dynamic Gold Tour Issue X100 (4-PW)
Wedges: Titleist Vokey Design SM10 (50-08F, 54-10S @55, 60-04T)
Shafts: True Temper Dynamic Gold Tour Issue X100
Putter: L.A.B. Golf Mezz.1 Max
Grips: Golf Pride Z-Grip Cord
See more photos of Will Zalatoris’ WITB in the forums.
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Dave Portnoy places monstrous outright bet for the 2024 Masters
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Sam Burns WITB 2024 (April)
Sam Burns’ what’s in the bag accurate as of the RBC Heritage. Driver: Callaway Paradym Triple Diamond S (9 degrees...
Will Zalatoris WITB 2024 (April)
Will Zalatoris’ what’s in the bag accurate as of the RBC Heritage. Driver: Titleist TSR2 (9 degrees, A1 SureFit setting)...
Scottie Scheffler’s winning WITB: 2024 RBC Heritage
Driver: TaylorMade Qi10 (8 degrees @8.25) Buy here. Shaft: Fujikura Ventus Black 7 X (45 inches) 3-wood: TaylorMade Qi10 (15 degrees) Buy...
Nelly Korda’s winning WITB: 2024 Chevron Championship
Driver: TaylorMade Qi10 Max (10.5 degrees) Buy here. Shaft: Mitsubishi Diamana GT 60 S 3-wood: TaylorMade Stealth 2 (15 degrees)...
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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.
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.