Good find Glen. Some thoughts-I saw a piece on CNBC where they were doing a report on running. They were saying Nike was focussing on apparel. This is interesting because in the Rochester area. Champion Products was once based here. I used to attend Annual shareholders meetings. That brand is now part of the Sara Lee company. I think I remember seeing somewhere, that Nike bought assets of the Starter Corporation witch also filed Chapter 11 many years ago.
I'd like to point out Huffy, witch is inn this once portfolio. Has filed chapter 11. They own Tommy Armour Golf. A premium brand not sold to mass markets retailers that I know of, like Huffy's Zebra brand. The Russel company bought part of Huffy, before they filed, but not the golf lines. :+ (
corporate-ir.net
Russel could be worth a look if you believe in this reported trend. BTW- Champion and Russel make NFL uniforms.
HUFFY- Not sure if there's going to be anything left for shareholders there. In these prepackaged bankruptcies, common shareholders are last in line. I will find out, because I still own some.
IMO-Tiger Woods has to be given credit for the popularity of golf today, even though he lost his # 1 ranking. I do play golf a couple times a year. I focus on our daughters sports, soccer,track, baseball, basketball, and bowling. I'm no expert when it comes to clubs. Maybe someone on the SI golf thread, that might be looking inn, has some input as to clubs. It seems to me some of the premium club lines such as Callaway came under pressure as more golfers came to play the sport. Graphite, and titanium are still here, and premium lines,but to most of us weekend players. High performance steel works just fine, at a much lower price.
I think I would agree with the analyst. Just because of the notoriety of that brand name, and my opinion, the popularity of the sport is here to stay. Most of us post boomers are getting older. Golf seem logical<G>
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