Farris,
I got this in my e-mail. It looks very interesting and the Jack Nicklaus signing could lead to major media coverage in my opinion. Have you heard of this company. The thread is quiet.
Packard
Today's Recommendation
ACCY is a hot tournament golf stock. The company is run by David Marr III - Son of the famous later golfer/commentator, David Marr. ACCY's first tournament will be held on March 31 in Phoenix, Arizona at the Raven Golf Club. As of this post David is in final negotiations with sponsors (Mutual of New York is one of them) and has signed on Jack Nicklaus and Ben Crenshaw as players in the tournament. The name "Nicklaus" alone will bring huge sponsorship revenues. The company is currently negotiating with major television networks who are bidding on the rights to air the tournament.
They will run a six team, two-man tourney in the fashion of the Ryder cup. The players will be one-half PGA and the other half SPGA. These will be "household name" players. They have said in the past that they were also negotiating with Phil Michelson, Tom Lehman, Scott Hoch, Greg Norman, Jack Nicklaus, Ben Crenshaw, Craig Stadler, Fuzzy Zoeller, Steve Jones, John Daly. As of this date they have issued a press release confirming Nicklaus and Crenshaw as players. The most exciting thing about the stock is the "public image" recognition it will receive when the releases start to come out and the small float, which will send it flying.
ACCY will be featured in the Parvalue newsletter (the Dow Jones of Golf) next week. Parvalue is affiliated with golf.com which is owned by ABC. ACCY will be changing their name in the next few weeks to be more "golf sounding" and with the recent signing of Nicklaus they will most likely be featured in major golf periodicals such as: Golf Magazine, Golf World, Sports Illustrated etc... This is really getting in on the ground floor - before the general public finds out.
The potential of this stock is unbelievable. Through the tournaments they will receive revenues on sponsorships, TV rights, location payments, concessions, tournament souvenirs, ticket sales etc. It is rumored that ESPN and ABC are presently bidding for the March tournament's TV rights. Stock has quietly been moving up.
It is important to note the following:
1. Shares Issued: 6.7 Million
2. Float: 2.0 (This is an incredibly small float - will move up quickly)
3. No debt
4. No options/warrants outstanding
5. Earnings are projected at approximately .08 per share on the first tournament alone.
6. They expect to announce 3 more tournaments for 1998 with revenues increasing from an expected 2 million in 1997 to 12 million in 1998 conservatively - other similar golf tournaments have earned well in excess of these numbers.
The management's history looks stellar and the CEO, David Marr III, has unbelievable contacts within the golfing community.
We believe this is going to be a real winner and the stock price will be above 1.00 in a short time.
I have spoken to company management numerous times. They are very receptive to phone calls. They can be reached at 1-604-688-5539
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