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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 208                                                       
Friday, October 24, 2014

ANY IDEA WHO SAID THIS? “I’m not playing much golf these days. I’ve got a lot of holes in my game that still rear their head. Unless I can get rid of that, I wouldn’t even contemplate (going back on the European Tour). Belief is probably the other thing I haven’t had enough of. You have people telling you you’re good enough, but you’ve got to believe it yourself.”

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BRAIN TEASER: Two players have recorded top-10 finishes in the first two events of the season. Can you name either of them?

MORE IDEAS ON THE WAY: Adams Golf announced its new Idea Tech Hybrid Iron set. The company said its latest Idea is designed specifically for golfers with slower swing speeds who want to launch the ball high and achieve greater distance than traditional irons. “From the highest lofted iron to the lowest lofted hybrid, each ideatechclub in the new Idea Tech hybrid iron set is intended to enhance the golfer’s enjoyment of the game,” said Michael Fox, Director of Product Category Management. “This set was specifically made for the golfer who doesn’t generate a lot of speed, but wants to experience the thrill of hitting high and straight launching golf shots. The engineering of this set makes this type of performance attainable for golfers with slower swing speeds.” 

By adding an external 24-gram weight to the back of the hybrids (3-5), engineers were able to position the center of gravity lower and further back than any previous Adams hybrid, according to the company. This design gives slower swing-speed players higher launch and increased spin, helping them keep the ball airborne longer.

The Idea Tech Hybrid Irons (6-PW) feature an enhanced wrap-around slot that stretches from the toe across the sole of the club and into the crown. This enhanced slot design expands the sweet spot across the entire face, Adams said, delivering better performance on off-center strikes. In addition, a refined barbell-shaped slot on the crown reduces stress on the face while delivering enhanced ball speeds upon impact. The set features a new progressive shaft design, wherein shaft tip diameters get thinner towards the lower end of the set. According to Adams Golf, this technology makes it easier to generate speed and launch on the downswing, making it ideal for slow swing speed players.

The Adam’s Idea Tech Hybrid Irons are available in three different specs for men, seniors and women. The men’s set ($799.99 Steel/$899.99 Graphite) is built with a 3-5 Hybrid; 6-7 Driving Hybrid and 8-PW Hybrid Irons. The senior set ($899.99 Graphite) is 4-6 Hybrids, 7-8 Driving Hybrid and 9-GW Hybrid Iron. And the women’s set ($899.99 Graphite) is 4-6 Hybrids, 7-8 Driving Hybrid and 9-SW Hybrid Iron. Adams reported all sets are available at retail starting today Friday, October 24, 2014.

WHAT DO THE NUMBERS SAY? A year ago, Callaway Golf reported a strong third quarter that made more believers in its camp. Given the malaise the golf industry has been stuck in, it helped to bolster the argument that the company had turned a corner. Last year’s good news of third quarter sales of $178 million, a jump callyof $30 million from the prior year, is now the measuring stick for 2014’s third quarter. Callaway Golf reported sales were $169 million, a decrease of 5% compared to last year. The company said its weaker results were due to continued industry softness and the timing of new product launches compared to the same period last year.

Metal woods sales, which drove Q3 2013’s improvement, were down $1.7 million coming in at $52.2 million for the reporting period. Sales of Callaway’s irons were $36.7 million, down $1.9 million from 2013, while putter sales slumped to $13.6 million, a drop off of $6.2 million from a year ago when the category delivered $19.8 million in sales to the company. Golf ball sales were $25.2 million, down $803,000, from 2013’s third quarter.

Callaway lost $1.1 million during the third quarter of 2014. However, it represents a marked improvement from last year when it reported a net loss of $22.9 million. Year-to-date, Callaway sales are $752.3 million, up nearly $40 million from 2013 when it reported $715.6 million. It has earned $57.5 million, despite the loss in the in the third quarter, up from $27.2 million it reported in the nine months of 2013.

"Overall, we are pleased with our results for the third quarter and first nine months," commented Chip Brewer, President and Chief Executive Officer. "While challenging market conditions have made sales growth in the first nine months of this year more difficult than we would have liked, we are encouraged by our market share gains and are confident that we are outperforming the industry. We are also benefitting from the many actions we have taken these past two years to improve our operating efficiencies, as we have been able to achieve significant improvements in profitability despite the effect of the headwinds on top-line performance.

"We believe we are well-positioned for the balance of 2014 and for 2015," continued Brewer. "Our brand continues to build momentum, our organization is strengthening, and we have an incredible product pipeline, including the Big Bertha Alpha Drivers, the Big Bertha Irons and Hybrids and our new Japan line of Big Bertha Beta Irons and Hybrids that are launching in the fourth quarter. As a result, we expect our recovery to continue with steady improvement in profitability."

Callaway told Wall Street it expects 2014 net sales to be approximately $890 million, an increase of 6% compared to $843 million in 2013

WEB GEMS:

STICKS AND STONES: The PGA of America president referred to Ian Poulter as a little girl on two social media accounts Thursday evening for his criticism of the jobs Nick Faldo and Tom Watson did as Ryder Cup captains. READ MORE>>>

TRUE STORY: Have you heard the joke about the golfer and the camel? In the case of Denmark's Thorbjorn Olesen, it wasn't quite a laughing matter. "I was in Dubai with a few friends; we were riding on motorbikes and did all sorts of other stuff," Olesen said. "Then I actually fell off a camel in the desert and pulled my [groin] muscle, so it took a couple months before I was ready to play again.” READ MORE>>>

CROWDED LEADERBOARD: Brian Harman took advantage of home comforts, ideal weather and a red-hot putter as he charged into a share of the lead in Thursday's opening round of the $5.6 million McGladrey Classic at Sea Island in Georgia. READ MORE>>>

ANSWERS: “I’m not playing much golf these days. I’ve got a lot of holes in my game that still rear their head. Unless I can get rid of that, I wouldn’t even contemplate (going back on the European Tour). Belief is probably the other thing I haven’t had enough of. You have people telling you you’re good enough, but you’ve got to believe it yourself.”---John Wade ranked 1502, after the first round of the ISPS Handa Perth International where he was tied for the lead.

Brooks Koepka and Hideki Matsuyama are the only two players to finish inside the top 10 in the first two events of the 2014/15 season.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 207                                                       
Thursday, October 23, 2014

ANY IDEA WHO SAID THIS? “Haven't played competitive golf in 11 weeks. I don't have that many expectations. Right now just be nice to be able to play 18 holes without any pain. Haven't done that in a while. If I come out and contend and have a chance to win on Sunday, I would feel pretty good about the direction I'm going with my health and obviously with my game.”

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BRAIN TEASER: While the 2014/15 season has only played two events, can you guess who has made the most birdies so far?

NUMBER CRUNCHERS LIKE WHAT THEY SEE: Golf is dominated by numbers, even more so in the age of analytics, but one company, which specializes in numbers, has pledged its ongoing support. McGladrey LLP, a U.S. provider of assurance, tax and consulting services focused on the middle market, has extended its financial relationship for another five years. “From its inception in 2010, the purpose of The McGladrey Classic for McGladrey has been threefold: drive brand recognition, build upon our relationships with clients and potential clients and, most importantly, give back to the community,” said Joe Adams, McGladrey’s Managing Partner and CEO. “The tournament has done all that – and more. Our business philosophy is based on the belief that the real power of any relationship comes through understanding, which leads to partnerships based on integrity and trust. Our belief is that, whether in the world of business or in the world of golf, a trusted advisor who ‘understands your game’ can help you make the right decisions to succeed.”

Over its first four years, The McGladrey Classic has raised nearly $2 million for children and families in need, with a significant portion of those funds directly benefiting Special Olympics (national, state and local) and the Boys & Girls Clubs of Southeast Georgia. Additionally, the tournament has an estimated annual economic impact of $10.6 million on Georgia’s Golden Isles, according to a 2013 analysis by the Bureau of Business Research and Economic Development at Georgia Southern University. “The McGladrey Classic has been an incredible success and has far exceeded everyone's expectations since its inception four years ago,” said 20-time PGA TOUR winner, Davis Love III. “We’re very fortunate to have a dynamic partnership with McGladrey that has enabled our event to flourish. We couldn't be more delighted that McGladrey has extended its title sponsorship through 2020. This will have a far-reaching, positive impact on both children and family charities across the country and Georgia’s Golden Isles.”

IN GOLF WE TRUST: While golf has somewhat of an image problem, it hasn’t stopped some companies from continuing to invest in it. Later this week, PGA TOIR Superstores will open the doors to a new location in North Scottsdale and Golfsmith is adding a 23,000 square-foot store off the strip in Las Vegas. Coming off a soft launch in its new downtown Summerlin location, near last week’s PGA Tour stop, the new store opening celebration is being held on Saturday, October 25th with a number of giveaways, including all-day contests, daily door-buster deals, new products and demo events featuring TaylorMade's SLDR lineup and Callaway's new Big Bertha V Series driver. The first 200 customers will receive sleeves of Bridgestone golf balls and a buy-one-get-one free round of golf voucher redeemable at select area golf courses.

"We are excited to have joined the Las Vegas golf community as a resource for everything golf," said Golfsmith International Chief Marketing Officer, Lisa Zoellner. "As always, we strive to deliver the best specialty golf retail experience, services and products to our customers."

DEALER’S CHOICE? Hunter Mahan and Autosoft, Inc., a software provider to automotive retailers, have struck a deal to kick off the 2014/2015 season. It is Autosoft’s first sponsorship of a professional athlete and allows the company to feature Mahan’s name, likeness and image in all marketing and advertising. Mahan will display Autosoft’s logo on his left collar.

“Autosoft is very proud to team up with such an accomplished athlete as Hunter. He shares our values, and will appeal to our customers with his winning drive, passion for cars, and accomplished golf career,” stated Bryce Veon, Autosoft’s president and CEO. Autosoft develops and supports integrated software solutions for automotive retailers across the U.S. It is somewhat of a curious partnership, since the company specializes in a business-to-business platform but is using Mahan to leverage its message.

Autosoft’s brand promise to dealers is “You Drive,” providing more freedom of choice and flexibility than they would experience with other dealership management system providers. “We give dealers the freedom to run their business in a way that’s best for them. With Autosoft’s FLEX DMS and FLEX Connect program, they can easily integrate software into our dealership management system from the providers with which they choose to do business. They have the flexibility to choose from self-managed or cloud-hosted applications that can be accessed from any device. And, Autosoft offers month-to-month terms and conditions so dealers aren’t locked in to long-term contracts. Hunter’s drive on and off the golf course makes him a winning partner as we build our brand,” explained Mark Hellbusch, Autosoft’s executive vice president and CTO. So the question begs how many dealerships watch golf and then specifically look for Hunter Mahan?

NO REASON TO CHANGE NOW: Srixon and Cleveland Golf and Will Wilcox have agreed to terms on a multi-year contract extension to remain a member of its PGA Tour staff.  “I have played Srixon/Cleveland Golf equipment since I was a teenager, and I am very excited to continue my relationship with such a great company on the PGA Tour,” said Wilcox, a native of Pell City, Alabama. “I have full trust and confidence in the Srixon/Cleveland Golf equipment that’s in my bag and I believe that the Srixon Z-STAR is simply the best ball in golf.  Furthermore, the Srixon/Cleveland Golf support team on the PGA Tour is a great group of guys that help tremendously in making sure I am dialed in each time I tee it up on Tour.”

Wilcox, who had a very successful rookie year on the 2014 PGA Tour, saw action in 16 PGA Tour events and the year was highlighted by his five Top 25 Finishes, including two Top 10 finishes at The Sony Open and Greenbrier Classic. Wilcox’s other Top 25 finishes came at the FedEx St Jude Classic, RBC Canadian Open and Wyndham Championship. 

METHOD TO THE MADNESS? For those who complain about equipment prices, here’s a bit more history. In 1995, three woods and nine irons from Callaway retailed for $2325! Now assume that King hadn’t been successful with his strategy, factor in normal price increases and consider what golf equipment retail would be like today. The long-term strategy may have been flawed and the drop in play hurt, but over the years Mark King saved consumers a lot of money. READ MORE>>>

WEB GEMS:

LET THE GOOD TIMES ROLL: "I think John Jacobs had more raw talent than anyone I ever saw," Arnold Palmer has said. To that, Lee Trevino now adds: "If J.J. had my brains, the SOB wouldn't have just won majors, he'd have won everything. J.J. could have been the biggest of them all." But somehow, J.J. never was. While playing the PGA Tour from 1968 to 1980, he never won an event and never finished better than 80th on the money list. "When you're 25 you think, I'll win a tournament by the time I'm 30," he says. "But being 25 lasts about an hour, and suddenly you're 30, at which point you tell yourself you'll get it together by the time you're 35. Well, pretty soon you're 40 and you think, 'Where did those years go?' It sounds stupid, but I didn't care about winning or losing. I just wanted to make a little dough and have a good time. Maybe I was afraid of success." READ MORE>>>

TWO AT THE TOP: Thorbjorn Olesen of Denmark and John Wade of Australia shot course-record 8-under 64s at the Lake Karrinyup Country Club to share the lead after the first round of the Perth International on Thursday. READ MORE>>>

BLAZING START: Jessica Korda birdied five of the first eight holes Thursday and finished with a 6-under 66 to take the first-round lead in the Blue Bay LPGA. READ MORE>>>

ANSWERS: “Haven't played competitive golf in 11 weeks. I don't have that many expectations. Right now just be nice to be able to play 18 holes without any pain. Haven't done that in a while. If I come out and contend and have a chance to win on Sunday, I would feel pretty good about the direction I'm going with my health and obviously with my game.”--Jason Dufner on returning to action at the ISPS Handa Perth International this week.

Perhaps a name to watch out for is rookie Tony Finau, who has posted a TOUR-leading 43 birdies through two events this season.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 206                                                       
Wednesday, October 22, 2014

ANY IDEA WHO SAID THIS? “Last couple years weren't great for whatever reason. I was playing really well most of the year; just didn't make any putts. I was trending the right direction but wasn't really showing anything like in the results. I took three weeks off in the middle of the year because I had a gut full of feeling like I wasn't getting out of it what I was putting into it. I went without touching a golf club. Didn't unzip my clubs at all. I played nine holes with a different set of clubs before I went to Canada. Hit the ball really well and missed putts again in Canada. I finished kind of middle of the field. Then Reno I just played really, really well and won and then a few weeks later I finished second, which is almost more important. Golf is a strange game.”

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BRAIN TEASER: Davis Love III is in the field of this week’s McGladrey Classic. He is also the tournament host. Can you guess how many starts he’s had, including this week, over his career on the PGA Tour?

RETAIL EXPANSION ON THE RISE: It was October 2007 when the PGA TOUR Superstore debuted in the Valley of the Sun. The retailer opened two locations and in 2014, it is adding its third in the Grand Canyon state. The new store’s grand opening celebration, which includes $30,000 in product giveaways and a $10,000 grant to The First Tee of Scottsdale, marks part of the company’s ambitious growth strategy to more than double the PGA TOUR Superstore’s current retail footprint over the next four years. Its newest location in Scottsdale is its 20th store in its chain.

“North Scottsdale is an oasis for golfers and a premier market for our expansion,” said PGA TOUR Superstore President and CEO Dick Sullivan. “Due to the strong customer demand in Scottsdale, when the opportunity came to open this second Scottsdale store we jumped at it. Our plans are to double PGA TOUR Superstore’s presence over the next four years with up to 40 locations across the U.S. by 2018.” 

The new North Scottsdale store experience includes: certified golf pros and personalized golf lessons; five swing simulators for lessons and custom club fittings, two performance practice bays with swing analysis, a 2,000 square foot putting green and millions of dollars in inventory from the likes of adidas, Bridgestone, Callaway, Cleveland-Srixon, Cobra-PUMA, ECCO, FootJoy, Mizuno, Nike, PGA TOUR, PING, TaylorMade and Titleist.

“PGA TOUR Superstore is recognized as the retail authority for golfers who want to shop like the pros and have access to ‘all things golf,’” added Sullivan. “Our professional expertise and interactive environment inspires all types of golfers – from beginners to scratch golfers – to play the game and find everything they need under one roof.”

In addition to the grand opening festivities, a demonstration of commitment to the North Scottsdale community will take place during a Friends and Family event on October 23, with a $10,000 grant made to The First Tee of Phoenix (thefirstteephoenix.org).

PGA TOUR Superstore is owned and operated by Golf & Tennis Pro Shop, Inc., whose controlling owner and chairman is Arthur M. Blank, retired co-founder of The Home Depot and owner of the Atlanta Falcons. “We are equipped to serve a broad range of golfers, with an emphasis on offering the industry’s best brands and providing the broadest array of services to meet each customer’s needs,” noted Blank. “We make it easy to get in and stay in the game, and we look forward to bringing our store’s products, services and expertise to golfers in North Scottsdale and to being a positive contributor to the community.” 

BUY, SELL OR HOLD? A New York private equity firm has bought 11 Arizona golf courses and country clubs as part of a $307 million deal involving golf properties in 13 states. READ MORE>>>

SCORING: Daniel Summerhays did something last week at the Shriners that doesn’t happen very often. He made five one-putts from more than 25 feet! Summerhays, who finished T54, made putts of 30 feet, 2 inches, 27-9, 27-2, 45-4 and 31-2 in Las Vegas. For comparison, only three players holed more putts from 25 feet or more in a single tournament last season. Brian Gay (McGladrey), Chris Smith (WM Phoenix) and Tim Wilkinson (Honda Classic) each made six putts of 25 feet or more in a single event in 2013-14. Meanwhile, Ben Martin was money from six feet and in as he went an amazing 54 for 54 on the way to his victory at the Shriners Hospital. He was one of four players, along with Erik Compton, Jonathan Randolph and Sam Saunders, to beat the odds in Sin City and be perfect from this distance. Martin needed just 93 putts on 59 greens hit in regulation for the week. Martin gained 6.613 strokes on the field in putting, which ranked him second overall in the field! It was a stark contrast from the previous week where he had a rough time on the greens at the Frys.com event. He was -6.563 strokes gained in putting at Silverado Resort North course where he missed the cut.

WEB GEMS:

NOTHING PERSONAL, ITS JUST BUSINESS: In his affidavit to the commercial court, Horizon’s co-founder and director Conor Ridge pointed to the “brand-development platform” put in place for the “long-term benefit” of McIlroy. This, Ridge claimed, “played a significant role in the securing of his current portfolio of lucrative sponsorship agreements, the activation of which now forms the bedrock of his global brand value and marketability as an athlete.” These are not trivial sums; the same statement pointed towards McIlroy’s $100m Nike contract, $50m of which had been paid by September last year. READ MORE>>>

NO LIMITS: Ian Poulter likes Mondays. Well, it is 60 degrees, the coffee is brewing in the pot and the Florida sun is burning off the early-morning mist over Lake Nona. That is what you call a room with a view. And it could be yours. All you have to do is believe. This is not some cheap job advert in the Orlando Bugle promising the impossible, but the overt messaging in the tome laying bare Poulter’s rise from market-trading assistant pro to Ryder Cup icon. No Limits is not so much an autobiography as a self-help manual calling the common man to action. If Poulter can turn base metal to gold, so can you. READ MORE>>>

ANSWERS: “Last couple years weren't great for whatever reason. I was playing really well most of the year; just didn't make any putts. I was trending the right direction but wasn't really showing anything like in the results. I took three weeks off in the middle of the year because I had a gut full of feeling like I wasn't getting out of it what I was putting into it. I went without touching a golf club. Didn't unzip my clubs at all. I played nine holes with a different set of clubs before I went to Canada. Hit the ball really well and missed putts again in Canada. I finished kind of middle of the field. Then Reno I just played really, really well and won and then a few weeks later I finished second, which is almost more important. Golf is a strange game.”--Geoff Ogilvy from the ISPS Handa Perth International being played down under this week.

Tournament host Davis Love III will be making his 710th start on the PGA TOUR

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 205                                                       
Tuesday, October 21, 2014

ANY IDEA WHO SAID THIS? “I played for almost 10 months with one arm and made a million bucks doing it. When you've got two arms, it's pretty good.”

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BRAIN TEASER: Who won the 2014 McGladrey Classic? HINT: He was second in last season’s FedExCup race and is a Sea Island member.

STORM TRACKERS! Less than a month after one of the strongest hurricanes to ever make landfall in Los Cabos, the area’s leading resort golf facility, Cabo del Sol, has teamed up with onsite hotel partner, Sheraton Hacienda del Mar Golf & Spa Resort, Los Cabos, to create an offer (you can’t refuse?!) for the golf community. Together the two have created a weather guaranteed golf package that ensures visitors an uninterrupted golf vacation. The five-day, four-night Odile to Ideal: Weather Guaranteed Golf Package ensures all guests whose round of golf is disrupted by unfavorable weather be invited back to Los Cabos at a later date at no additional charge, including guest room accommodations and a round of golf.

The package is available starting on November 1, 2014, upon the reopening and renovation of the Sheraton Hacienda del Mar following the wake of Hurricane Odile, as well as the reopening of all 18 holes at The Ocean Course at Cabo del Sol. The Desert Course at Cabo del Sol will also offer the package beginning November 23, following the final round of the annual Taylor Made Invitational Pro Am slated to run November 16-22.

“From the golf course and the hotel staff, to the incredible reaction and assistance of the federal government, the response to this disaster has been inspiring. Everyone has rolled up their sleeves to accomplish amazing things in a relatively short period of time,” said Cabo del Sol Director of Golf, Gregory Tallman. “Together with the Sheraton Hacienda del Mar, we are excited to let guests know that the hotel, the golf courses and the town are ready to welcome them back to Los Cabos.”

“We are happy to be among one of the first resorts in the Los Cabos area to complete renovations after the hurricane,” said Renato Mendonca, General Manager of the Sheraton Hacienda del Mar Golf & Spa Resort. “Although many of our renovations were cosmetic, we can’t wait to showcase the refreshed splendor of the Sheraton Hacienda del Mar along with Cabo del Sol’s revitalized golf courses.”

COULD TMAG BE ON THE BLOCK? Shares in German sportswear firm Adidas AG, parent company to TaylorMade adidas Golf, jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to buy Reebok. Adidas bought the U.S.-headquartered Reebok in August 2005 for $3.8 billion but the unit's sales have shrunk by more than a third since 2006 to 1.6 billion euros ($2 billion) in 2013, 11 percent of group sales. READ MORE>>>

WHY? Is golf doomed to repeat its past mistakes? Some might argue yes, while the more astute would let others continue to substantiate Einstein’s definition of insanity: doing the same thing over and over again expecting different results. Case in point, The Bay Club Company, a self-described California-based active lifestyle company, announced it purchased StoneTree Golf Club in Novato, CA. The acquisition price was not disclosed. However, Bay Club promptly reported it has earmarked up to $10 million for renovations including a new golf practice facility, upgrades to the clubhouse, introduction of its signature products Café 77 and Seventy-Seven Bar & Lounge, as well as other luxury resort-level amenities. Good luck with that. What are the chances it sees a positive return on its investment on the $10 million renovations? Hasn’t golf demonstrated enough times already that over building, over spending just hasn’t worked? If you’re still on the fence about this look below at the stats Greg Norman is using to argue his case of thinking outside the box!

FOREVER YOUNG? Greg Norman has called on the golf industry to "get outside the box" and "think like a kid" to attract missing young players to the game. In the US there are about 27 million golfers and only about 17 per cent of those are under 40, said Norman. "When you start dropping below (age) 30 and below 25, that number goes down to single digits," he said. Norman said the game needed to "get rid of the navy blue suits" and "think like a kid" to connect with the young generation. READ MORE>>>

WHEN YOU’RE HOT, YOU’RE HOT, WHEN YOU’RE NOT, YOU’RE NOT! It’s difficult to question the success of Odyssey’s 2-ball putter. According to the company, it has sold over 5 million since its original debut and the product continues to win all over the world. This week Odyssey rolled out an updated version of it in its Metal-X Milled micro-franchise at the McGladrey Classic. Five million units over a decade is impressive in golf but it doesn’t rival the world of technology. Case in point, Apple crushed its quarterly earning estimate due to strong demand for its new larger-screen iPhones. Apple said it sold 39.27 million iPhones, up from 33.79 million units in the year-ago period. The company only began selling the two new iPhones on Sept. 19!  Analysts predicted Apple would sell 37.8 million iPhones in the period. If those numbers aren’t eye popping, then these will be as Apple reported revenue rose 12% to $42.12 billion and its net income was $8.47 billion in its fiscal fourth quarter ended Sept. 27. It seems everyone still wants an iPhone. If only golf could be a distant rival in terms of popularity!

WEB GEMS:

IT COULD GET UGLY: Following an extraordinarily demanding year, on and off the course, he will not be playing in the forthcoming BMW Masters or the WGC - HSBC Champions. Rory will next appear at the DP World Tour Championship in Dubai from November 20 - 23. "I'm going to need time away from tournament golf to prepare for the trial over my legal dispute with Horizon Sports Management," McIlroy said. "The court-directed mediation process failed over the weekend to resolve the issue." READ MORE>>>

A WORK IN PROGRESS: European Tour members are facing a slightly reduced tournament load in 2015, with the early part of the European Tour schedule down by two events. The European Tour has released early tournament dates leading up to the Masters, with the remainder of the schedule set to be released next month during the DP World Tour Championship in Dubai. READ MORE>>>

IN CASE YOU’VE FORGOTTEN ABOUT HIM: "The doctors said he could hit golf balls again, and he's listening to his doctors and to his body," Woods' agent, Mark Steinberg, told USA TODAY Sports. "He will keep listening to his doctors and body. He's feeling pretty good." READ MORE>>>

DUFNER RETURNS TO ACTION: "I wasn't too interested in golf or what was going on in the golfing world during that time period," Dufner said. "I didn't watch one minute of the Ryder Cup. I got into a lot of different things. It was disappointing that I was injured, but it wasn't miserable for me." READ MORE>>>

ANSWERS: “I played for almost 10 months with one arm and made a million bucks doing it. When you've got two arms, it's pretty good.”--Scott Piercy, who made $193,000 at the Shriners Hospital. He is playing on a medical exemption and needs to earn $300,710 to maintain his playing privileges.

Chris Kirk, a former St. Simons Island resident, beat Briny Baird by one shot to win the McGladrey Classic. Briny Baird, who entered the final round tied with Kirk, entered the final hole still tied at 14-under but a bogey led to a runner-up finish.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 

 

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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 204                                                       
Monday, October 20, 2014

ANY IDEA WHO SAID THIS? “Last year was good for me and 2007 was a good year. I've had a few of them but obviously this is the top. This is the best year of my career by far.”

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BRAIN TEASER: Ben Martin won the 2014 Shriners Hospitals for Children Open by shooting 20 under par. But he really won the tournament with the way he played holes 14-18 at TPC Summerlin. Can you guess how many under par he was on these holes over the four rounds?

THE MORE THE MERRIER: Look for Odyssey Golf to debut this week three new models of its Metal-X Milled family – #1 Wide, #2 and 2-Ball – at the McGladrey Classic. According to the company, the three new flat sticks are technologically advanced milled putters, which incorporate Metal-X Milled roll technology; the oval depressions in the face maximize the mechanical lock with golf ball dimples. By doing this, the putter increases friction and creates a more controlled, consistent stroke, Odyssey believes.

The putters also have an adjustable weight kit and a crossbar in the back that stiffens the face without adding much weight to stabilize sound and feel. The adjustable weight kits are 10 grams, 15 gms and 20 gms in the #2 and #1 Wide shapes and 1 gms, 10 gms and 20 gms in the 2-Ball, which has one weight port.

Odyssey will make the new putters available on the putting green starting Monday at the McGladrey Classic. No word yet on retail pricing.

WHAT A DIFFERENCE A WEEK MAKES: Scott Piercy, a native and resident of Las Vegas who missed the cut at the Frys.com Open, is playing on a Major Medical Extension this season. Piercy had surgery to repair a torn flexor digitorum superficialis in his right arm in February after losing in the first round at the World Golf Championships-Accenture Match Play Championship. The injury originally occurred at the 2013 AT&T Byron Nelson Championship. He started the season with 14 events to earn 200 FedExCup points or $300,710. Sunday’s finish was good for 85 points and $193,233.

AUSSIE, AUSSIE, AUSSIE! Making his comeback from two bouts of myeloid leukemia, Jarrod Lyle (played this week on a sponsor’s exemption) and finished T42. He posted rounds of 66, 71, 70 and 69 to finish at -8. This season, Lyle has 20 events to earn $283,825 to retain his TOUR playing privileges. Through his first two events, Lyle has earned $53,795 (finished T31 at the Frys.com Open). Lyle now heads back to Australia to play his home circuit for the remainder of the year.

A NEW GIG: Greg McLaughlin is taking over as president of the Champions Tour. McLaughlin was the president of the Tiger Woods Foundation for 14 years until he left this year to join the PGA Tour management. READ MORE>>>

WINNER’S CIRCLE: Ben Martin had never held a lead on TOUR entering the final round. His previous-best position entering the fourth and final round was at the 2014 RBC Heritage where he was T3 (finished T3). But the two-time winner on the 2013 Web.com Tour (United Leasing Championship and the Mylan Classic) drew on his past experience and closed in strong fashion going four under for the last four holes of the tournament. Martin made a 46-foot eagle on the par-5 16th hole to regain the lead and a 19-foot birdie on the 72nd hole to secure a two-stroke victory over Kevin Streelman (65).

Martin captured his first PGA Tour victory in his 56th start. He played a Titleist 910D3 driver (8.5*) with a Graphite Design Tour AD DI 7 X shaft along with a PING i25 3 wood (15*) with an Aldila Tour Blue 85TX shaft along with and a 913H hybrid (17*) with a True Temper Dynamic Gold shaft. He carried Titleist CB irons (3, 5-PW) with True Temper Dynamic X100 Gold shafts and Vokey Design SM5 gap (50) and sand (54) and K-grind TVD lob (58) wedges also with True Temper Dynamic Gold S400 shafts. He played a Scotty Cameron GoLo Tour putter and a Titleist Pro V1x golf ball. He wore  He wore FootJoy DryJoys Tour golf shoes and a FJ StaSof glove.

Ben Martin’s Statistics for the Week:
Fairways Hit 36 of 56 T18
Driving Distance 296.2 yards 64
Greens in Regulation 59 of 72 T3
Total Putts 114 T17
Strokes Gained: Putting +1.653/round 2
Strokes Gained: Tee to Green +1.847/round 7
Sand Saves 2/3 T9

Ben Martin– Numbers for the week:
Eagles: 2
Birdies: 26
Pars: 35
Bogeys: 8
Double Bogeys: 1
Cumulative Score: 264

WEB GEMS:

CLOSING RANKS: Jack Nicklaus rallied to the defense of longtime friend and adversary Tom Watson, asserting that Watson made painstaking preparations for his role as captain of the U.S. Ryder Cup team this year and that little could be done to stave off another European victory. “When I had teams and guys had problems, we went back to the team room and talked about it. That’s where the conversation should be. (And) I feel the same about the task force thing. That’s sort of overkill. We’ve had 70 years of the Ryder Cup and it’s gotten along just fine. The pendulum will swing back without making a monumental thing about it.” READ MORE>>>

POULTER BALSTS FALDO IN HIS NEW BOOK: Ian Poulter has hit out at Sir Nick Faldo after he called Sergio García "useless" during the recent Ryder Cup victory over the Americans at Gleneagles. According to Poulter, in his newly published book No Limits: My Autobiography, the European team were furious with Faldo and lost a lot of respect for him. "Sergio puts a brave face on it but the rest of the guys are fuming," Poulter writes. "I'm shocked that he has said it. It's highly disrespectful. It's a cheap shot and it's the worst possible timing.” READ MORE>>>

WHAT DOES THE FUTURE HOLD? Organizers are confident there will be a 50th edition of the World Match Play Championship next year despite the withdrawal of tournament sponsors Volvo, they said. The Swedish carmaker, which has backed a variety of European Tour events for the last 26 years, recently announced it was drastically reducing its golfing commitments in the future. READ MORE>>>

LONDON CALLING? Finland's Mikko Ilonen called for the World Match Play Championship to remain in England after becoming the first Scandinavian winner of the tournament on Sunday. This is the last year of Volvo's sponsorship and there is a question mark hovering over the event that was held at nearby Wentworth from its inception in 1964 until 2007. The Match Play has lost some of its luster in recent seasons, moving to Spain for three years, Bulgaria in 2013 and disappearing from the calendar completely in 2008 and 2010, and Ilonen believes it is best to stage the competition in England. READ MORE>>>

THE EAGLE HAS LANDED! Ben Martin made a 45-foot eagle putt to regain the lead and finished with a 20-foot birdie putt for a 3-under 68 and his first PGA Tour victory Sunday in the Shriners Hospital for Children Open. Martin played his final four holes at the TPC Summerlin in 4-under par, though no shot was more important than the eagle. READ MORE>>>

ANSWERS: “Last year was good for me and 2007 was a good year. I've had a few of them but obviously this is the top. This is the best year of my career by far.”--Mikko Ilonen after beating Henrik Stenson in the finals of the Volvo World Match Play Championship, which moves him into the top 50 in the world rankings. His first prize of 650,000 euros ($829,205), almost doubled his previous biggest payday from winning the Irish Open in June.

Ben Martin played the final five holes this week at TPC Summerlin at 15-under. Here are his hole-by-hole scores on Nos. 14-18:
R1: birdie-birdie-eagle-par-par (-4)
R2: birdie-birdie-birdie-par-par (-3)
R3: birdie-birdie-birdie-birdie-par (-4)
R4: par-birdie-eagle-par-birdie (-4)

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

 

 
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