Equipment
Acushnet files with SEC for proposed IPO
Late last month, Reuters reported that Acushnet Holdings Corp., the umbrella company for Titleist and FootJoy, was preparing for an IPO. Today, the company made it official.
Related: Titleist unveils new 917 drivers at Quicken Loans National
Acushnet announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed IPO of its common stock under the symbol “GOLF,” with J.P. Morgan and Morgan Stanley acting as lead book-running managers and representatives of the underwriters. Credit Suisse, Daiwa Capital Markets Deutche Bank Securities, Jeffries and Wells Fargo Securities are also acting as joint book-running managers. The number of shares and price range have not yet been determined.
In 2011, Fortune Brands sold Acushnet to Fila Korea Ltd and Mirae Asset Private Equity for $1.23 billion.
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Editor’s note: This is an excerpt from a piece our Andrew Tursky originally wrote for PGATour.com’s Equipment Report. Head over there for the full article.
…Flash forward to THE CJ CUP Byron Nelson 2024 at TPC Craig Ranch in Texas, and Bryan is still playing with a mixed Takomo set, except he’s added a new 101 U 4-iron, plus a Titleist T200 4-iron, and he’s dropping his 5-iron.
That bears repeating: Bryan is switching to an iron setup that consists of two 4-irons and no 5-iron.
On paper, that looks wrong, but when you look at yardage gapping instead of the number on the sole of the iron, things start to make more sense.
As Bryan explained to GolfWRX.com on Tuesday in Texas, his Takomo 301 CB 6-iron goes about 195-200 yards. Then, his new hollow-bodied Takomo 101U Driving Iron, which he recently started testing “a couple weeks ago” and bent about 2 degrees weak, goes about 220 yards, and the Titleist T200 4-iron goes about 235 yards.
Speaking on his new Takomo 101U Driving Iron, which sells for $119, Bryan had this to say:
“It’s super forgiving and launches high, and it has a bit longer of a profile to where it looks really good,” said Bryan. “If people are willing to play something that doesn’t have an expensive price tag on their club…[I started testing it] in the last couple weeks and it’s in the bag.
“I just made it like 2 degrees weaker. Basically that gap from 205 to 225 I was in a little bit of a dead space, so I’m going to try and fill that gap better.”
Check out Wesley Bryan’s full WITB here.
Read the rest of the article at PGATour.com.
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In our forums, our members have been discussing players irons. WRXer ‘NorthTXGolf’ is on the hunt for some new irons but is putting a priority on forgiveness, and has reached out to fellow members who have been sharing their thoughts and advice on the subject in our forum.
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.
- Sam217: “i230 has got to be one of the most forgiving players irons available. Cobra King Tour another. Don’t sleep on the New Level 480 DB coming out soon.”
- RangeBaller: “ZX5/ZX7 and i230 should definitely be in your testing pool.”
- YAMS49: “Another I210 homie here… Very highly recommended if you want/need spin and a consistent yardage.”
- golf-RN: “I second the Cobra King Tour irons. I am not the greatest ballstriker by any stretch of the imagination and I find the King Tours very forgiving. Toe strikes might lose 5 or 6 yards with no directional loss. You definitely feel the miss though lol but mishits from the center aren’t punished too hard regarding distance.”
Entire Thread: “Most forgiving Players irons? – GolfWRXers discuss”
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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 Mack Made Rahmbo putter.
From the seller: (@rkochies4580): “Picked this up recently here on WRX. Absolutely stunning piece of work. Putter is stainless steel, slight toe hang, 354 grams, 34” length. New grip and nice headcover. $525.”
To check out the full listing in our BST forum, head through the link: Mack Made Rahmbo putter
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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bob
Jun 20, 2016 at 11:33 pm
the problem for the industry, if they let retailers do what they want with pricing, the internet will bust everybody thats left. if you just have a web site to pay for, you can sell everything at cost plus 5% and do well. the brick and mortar retailer needs at least 30-35% and high volume to survive. i was in the business for years before the internet, and at my peak my gross margins were 18-20%, but we did big numbers because of no internet. no way you could survive today.
Justin
Jun 20, 2016 at 7:16 pm
Pro V 1 most used ball by looser’s of 2016 U.S. Open…only one winner and he used a Taylormade ball….
Newsguy
Jun 20, 2016 at 9:15 pm
Losers….
Scooter McGavin
Jun 20, 2016 at 3:36 pm
Are there actually people that would buy stock in golf companies now?
Cam
Jun 20, 2016 at 7:14 pm
This just means the investors (Fila) has run the numbers and it makes no sense to keep pouring money into a dead horse….D J winning with a Taylor Made ball this week does not help, runner ups were only 1 out 3 with a Pro V 1 also……
Cr
Jun 20, 2016 at 7:17 pm
I think it’s more to do with attempting making the company more American owned, again, than having a foreign company be the major shareholder. People heard that Titleist is owned by Koreans and sales dropped
D Louis
Jun 20, 2016 at 1:50 pm
I agree it’s the beginning of the end, once they go public and are driven by shareholders that are only concerned with a return on their investment, the high quality products they’re known for will slowly be replaced with lower cost, higher margin products much like they direction Taylormade took. Eventually, it will be difficult to tell the fifference between TM and Titleist products.
Garry Pierce
Jun 20, 2016 at 1:40 pm
This is the beginning of the end. Why I say this. Titleist is a $500 million a year company. Be a terrible investment. Golf stocks have been non performers for years. Will Titleist become another Golfsmith addition. Snake eyes – MacGregor.
Tim you don’t know how many times I got my account suspended for selling below MAP. AND ebay is a real be no no now. Taylor thought they could shut ebay down and buyers would run to The PGA Store. BAD idea. NOW they are up for sale. They went from 1.5 billion to 900 million and dropping. MAP and MSRP are the biggest loads of crap. Let me as the retailer decide how much I want to make on an item. $35 on Pro V1’s won’t happen. That is wholesale cost to dealers. and add shipping on top of that. Balls is where the money is. Clubs are break even. Shirts and balls.
I have always maintained from the 18 years in the golf biz,,,, the dumbest people in business run the golf biz. Club pros are the laziest… they love that MAP and MSRP. They don’t have to leave the bar to make a sells pitch. ab=nd now add the USGA farce and you cab=n see why golf has a problem. Out of touch imbeciles driving the car over the cliff
Cam
Jun 20, 2016 at 7:10 pm
Most companies that go public are signing their death warrants….Most be a billion companies that ran fine and made Mom and Pop a good living for years….then talked into growing and farming control of the products out to Joe and Jane College, saw a huge jump only to end up on top of the mountain with one and a half feet hinging over the cliff and Joe and Jane College stepping on that half foot as they took there golden parachutes and walked away. If anyone is dump enough to buy titlist stock just remember for the most part you are paying off some investors and giving some higher ups a big check to go away smiling.
fred
Jun 20, 2016 at 1:17 pm
Does this mean that the ancient Acushnet Bullseye putter I have will now be worth something?
Cr
Jun 20, 2016 at 7:16 pm
No, worth less
Tim
Jun 20, 2016 at 12:46 pm
If all these big golf companies want to make money they will pull away from controlling the price their retailers can sell their stuff for…..It is still strange how they continue to control the pricing of their balls and clubs etc. Price fixing was outlawed years ago but these companies found a loop hole, something to do with patents or something. No retailer can even give you a dozen balls or free shipping in many cases unless the OEM approves. I have found a few independent golf pro shops that sell under market but that is always on a one to one thing,, never advertised. If the price fixing was out we may find a retailer selling some REAL specials like maybe PROV’s for $35 instead of $48, which still gives the manufacture his profit and lets the retailer go after some volume and foot traffic and a lot of Sporting/Golf stores could use some sales volume.