I had my interest piqued in this stock. I checked out the golf schedule and tournament schedule for the first weekend in Dec. That is also the weekend of the JC Penney classic, which will be aired by ESPN and ABC. I don't recall two different tournaments being aired on the same networks in the same weekend. (Except for maybe the LPGA and a PGA or Senior).
We have the Nike tournament stop here every year, and I just spoke to the chairman of the tournament here (happens to be my step-dad) and no where near $2M is made. I concede that it doesn't have the top name PGA players, but is still a big tour. The profit(which goes to charity) is only 60K. Out of 480K budget, (100K of that is from Nike), 200K is for prize money, 60K for charity, and the rest goes to the parties for the sponsors, the tee gifts, etc etc etc. I mentioned this tournament in Dec, and his opinion was no way to make 2M (if I have that 2M correct) Especially since they don't have all their ducks in a row.
Now, for all of you that hold the stock, I wish you well, I will wait until I see money flowing in before I buy I guess.
Sheri
PS: My step dad is in the titanium shaft biz, and goes to all the golf shows, and many tournaments during the year. So, I consider him knowledgeable in this area. |
