Publicly Traded Golf Companies Can't Shoot Par On Wall Street; 'Tiger Effect' of 1990s Loses Momentum
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Summary
NEW YORK The U.S. Open is a hot topic in sports circles this week, but golf stocks are a bit less popular on Wall Street. Though stars like Phil Mickelson, Tiger Woods and Vijay Singh have earned millions from the game, publicly traded golf companies and their shareholders have had a much tougher time making a profit.
Like many industries, the business of golf has gone through a cycle over the past several years, surging through the 1990s and declining after the bubble burst. Many companies that were rushed to market over the past decade have been delisted from the major indexes, and with the number of core golfers flat and rounds played down, the survivors have faced hard times, as well.See the full content of this document
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Publicly Traded Golf Companies Can't Shoot Par On Wall Street; 'Tiger Effect' of 1990s Loses Momentum
"There's a lot of money going around and being spent in golf, but the investors in the...
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