VOLUME 1, NUMBER 237
Web Street Golf Daily Pulse
VOLUME 1, NUMBER 237
Wednesday, December 8, 2010
ANY IDEA WHO SAID THIS? “I think he'll be back winning golf tournaments in 2011. I'm in the camp that says golf needs Tiger Woods back. He'll be back winning tournaments very soon.”
ON THIS DAY: In 1985, the Rinkers, brother and sister Larry and Laurie, won the JCPenney Classic.
WHAT COMES NEXT? Acushnet released a statement regarding its future after the news broke last night that its parent company, Fortune Brands intends to sell or spin off the company in order to enhance its stock price for shareholders. “The strength of the Acushnet Company as the undisputed global leader in the golf category, and confidence in our growth prospects, were factors contributing to the Board’s decision,” commented Acushnet CEO, Wally Uihlein. “Whether the Acushnet Company is sold to a new owner or becomes an independent publicly-traded company, our focus will be to keep on doing what’s made us the leader in our industry – the delivery of best-in-class products and service to our customers and golf consumers. We look forward to building on our track record of delivering performance and quality superior golf products to serious golfers worldwide.”
Uilhein continued, “Throughout the history of both brands – and the products and people that are the essence of the brands – there have been any number of challenges and new opportunities, and there have always been shareholders that the business has been accountable to. We have a strong history of rising to those challenges and taking advantage of those opportunities, while fulfilling our commitment to our shareholders. With our industry leadership, our strong and unique culture, and our talented team, we look forward to a successful transition to new ownership and building the bridge to the next chapter in Acushnet Company’s accomplished history.”
He added in an email to the Daily Pulse, "This is a transformational event for Fortune Brands. We have had a wonderful 35-year relationship and we are looking forward to the next chapter in the history of the Acushnet Company. We believe we have great products, a loyal and very capable organization, a supportive trade base and a commitment to those serious golfers who have helped the company have the success that it has had. "
While the news may come as a shock to many in the industry and even to some within the company worldwide, it simply signals the start of a process that in a sense has a life of its own. The next issue of Web Street Golf Report (December 13th) will outline what comes next pending a possible sale. For regular readers of the Daily Pulse, the Web Street Golf Report is a fee based subscription publication available temporarily for a very low fee. To guarantee you receive the latest news and analysis of the ongoing developments in the possible sale of Acushnet be sure to pick up a subscription by visiting http://www.golfbiz.net. Click on the BUY NOW button on the home page to complete the transaction.
NOTHING PERSONAL, ITS JUST BUSINESS: Graeme McDowell’s fantastic year might mean that he is parting ways with Callaway Golf. According to Golfweek, the US Open Champ will be moving on from the company that helped him win his first major championship when his contract expires Dec. 31. READ MORE>>>
ADVERSITY EQUALS OPPORTUNITY: When Paul Wood, a research engineer who oversees Ping's Innovations Department, read an e-mail from Jeff Lewis asking if it was possible for the Phoenix-based golf company to build him a set of custom clubs, Wood approached it as he would most requests. "We're a fitting company," he said. "That's our business model. Every set is custom built anyway. So let's figure out a way to utilize that and get him in the right set."
Simple enough - only Lewis is a quadruple amputee. He lost his hands and feet in 2005, but longed to play again. "I contacted several of the major golf manufacturers," Lewis said. "They all told me they couldn't help me. I contacted Ping and they said, 'Can you be here tomorrow at noon?' " READ MORE>>>
TIME MANAGEMENT: Because of the Presidents Cup going to Australia, everything on golf’s global calendar has been pushed back. The Presidents Cup will be the week before Thanksgiving, followed by the World Cup in China. That means the Chevron World Challenge will be the same week as the Hong Kong Open, where Ian Poulter is the defending champion. So he won’t be back at Sherwood next year. “It’s disappointing,” Poulter said. “There’s only certain hours you can sit on a plane. Some guys are going to have to miss out.” READ MORE>>>
US VERSUS THEM: There appears to be a healthy rivalry taking place between Europe and the America. The Ryder Cup is only part of it. World ranking is another element. Major championship winners in 2010 may be selective but also ammunition to the cause. READ MORE>>>
BEFORE WE GO: If you feel like you may have missed something from a back issue feel free to check out the archive section of the Daily Pulse, which includes an easy to use word search!
ANSWER: Graeme McDowell
THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY O 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