Adam's Golf (ADGO) | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks
Adam's Golf (ADGO)

An SI Board Since October 1998

Posts	SubjectMarks	Bans
18	1	0

Emcee: Peder E. Angvall	Type: Unmoderated

Introduction Compact

Adam's Golf, maker of TightLies fairway woods:

* IPO in July - Opens @ $18, now trades @ $4

* First 6 months of 98, earns about $0.50/share. Expects Q3 earnings to be a little below expectations and come in around $0.17-$0.19/share, which makes 9 months earnings around $0.70/share. PE ratio based on 9 months earnings is under 6.

* Announced 2 million share buyback on 10/1/98

* Very little debt (debt to equity ratio 0.02)

* 23 million shares outstanding, only 6 million float

Basically, it looks like a small cap stock that got caught in the Russell 2000 meltdown. The chart appears to have support at $4, so there seems to be very little downside risk. While I don't think it will continue to grow at 50-100% per year, I definitely think it can sustain growth in the 20% range, which would mean it is significantly undervalued at this level. Also, it appears that the small-cap decline is approaching a bottom.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
18	You've come to a good site to say hello, this company is doing everything r	Scoobah	-	3/15/2007
17	Thanks for the netdania info! I appreciate it! As to the banning....Sorry to s	hubris33	-	3/15/2007
16	ADAMS GOLF INC: SC 13D, Sub-Doc 1 -------------------------------------	Scoobah	-	1/30/2007
15	6 month high in ADGO. 2 days big volume	Scoobah	-	12/21/2006
14	Just to be clear; I am very bullish the stock, IN SPITE of all this insider sel	Scoobah	-	11/15/2006
13	Just look at the recent volume, that has taken in the selling, which isnt just d	Scoobah	-	11/15/2006
12	I think you're right. Although golf is a tough business, I've always th	Markyj	-	11/15/2006
11	Mark, Adams is doing a lot of things right now. There has been volume to absorb	Scoobah	-	11/15/2006
10	I've always liked this company. I was sad to see what happened to it in the	Markyj	-	11/14/2006
9	Adams Golf Announces Results for Third Quarter 2006 Adams Golf (OTCBB:ADGO) tod	Scoobah	-	11/9/2006
8	Pitiful thread, ADGO puts out an incredible quarter with 50% increase in sales,	Scoobah	-	11/9/2006
7	you still follow this company? good action and volume recently	Scoobah	-	10/24/2006
6	Is there any interest in this company anymore? Solid growth and stock price imp	Scoobah	-	7/8/2006
5	Adams wakes up!	Scoobah	-	3/10/2006
4	Taking this opportunity to head you over here for a look, Subject 29446	john	-	7/16/1999
3	or just play the game for the fun of it, igalinks.com	john	-	7/8/1999
2	tonite's earnings report and Barney's comments would lead me to believe	Elwood P. Dowd	-	10/22/1998
1	Peter, There's a golf thread on SI. You might want to ask everyone over th	caly	-	10/3/1998

Go to reply# or date (mm/dd/yy):