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Adams Golf’s Brewer Says Sale, Dividend Among Strategic Options

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Bloomberg Buisness Report today By: Matt Townsend.

Adams Golf Inc., the golf club seller that today said it hired Morgan Stanley to review strategic alternatives, may consider among its options a sale or starting a dividend, Chief Executive Officer Chip Brewer said.

Potential suitors for Plano, Texas-based Adams include Callaway Golf Co., Nike Inc. and Adidas AG, said a person familiar with the matter, who declined to be identified because the discussions are private.

Adams Golf, founded by Chairman Barney H. Adams in 1987, boosted sales 14 percent to $97.4 million in the 12 months ended Sept. 30. After posting a net loss of $12.2 million in 2009, the company has made money in six of the past seven quarters. The shares, which gained 37 percent last year, rose 4.3 percent after the close to $6.58 at 6:32 p.m. in New York.

“We are going to go through with a process that best helps shareholder value,”

Brewer said today in a telephone interview.

Morgan Stanley, based in New York, advised Fortune Brands Inc. last year on the sale of its Titleist golf unit to a group led by Fila Korea Ltd. for $1.23 billion in cash.

The review may not result in a transaction, Adams said today in a statement.

Click here to read entire article on bloomberg… http://www.businessweek.com/news/2012-01-05/adams-golf-s-brewer-says-sale-dividend-among-strategic-options.html

According to a thread on GolfWRX one writer says:

Who’s buying Adams? I’m guessing Under Armour. Golfbiz is reporting Adams is for sale. My question is who’s the players? Under Armour was a rumor on Titleist/Acushnet, could they be interested in Adams now, who’s gotta be cheaper that the Titleist acquisition. Ideas?

On GolfWRX reader are all over this. Suitors have been picked. Click here to read discussion in the forums… http://www.golfwrx.com/forums/topic/564999-whos-buying-adams-im-guessing-under-armour/

GolfWRX is the world's largest and best online golf community. Expert editorial reviews, breaking golf tour and industry news, what to play, how to play and where to play. GolfWRX surrounds consumers throughout the buying, learning and enrichment process from original photographic and video content, to peer to peer advice and camaraderie, to technical how-tos, and more. As the largest online golf community we continue to protect the purity of our members opinions and the platform to voice them. We want to protect the interests of golfers by providing an unbiased platform to feel proud to contribute to for years to come. You can follow GolfWRX on Twitter @GolfWRX and on Facebook.

2 Comments

2 Comments

  1. Adams Golfer

    Jan 6, 2012 at 4:55 pm

    As a shareholder of Adams Golf, I’m excited that Chip has finally looked at this route. There is no reason for this company to be public, and a take private or a sale to a strategic is exactly what is needed to unlock shareholder value. With Callaway trading at 13.8x EV/EBITDA, it looks like Adams should go for a pretty penny.

  2. r8ted wrx

    Jan 6, 2012 at 4:43 pm

    I would like to see Adams succeed but if not then I believe Nike needs to go after them. It would make Nike that much better and able to compete more with Taylormade and Titleist.

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Equipment

Battle-tested: Ryan Palmer’s Odyssey Dual Force Rossie II

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When it comes to a club that is battle-tested, it means it has been there for the peaks and valleys, the good and the bad. The club has stayed in the bag. Without a doubt, we are starting things off with a bang at a worthy all-time contender. The putter of PGA Tour veteran Ryan Palmer. This Odyssey Dual Force Rossie II is one of the foundational putters in the modern game. 

The Dual Force Rossie II was originally released in 1994. Ryan Palmer won in his rookie year on the PGA Tour in 2004 at the FUNAI Classic at the Walt Disney World Resort. The putter in his hand for the win? You guessed it. The Rossie II. Maybe a few trials and tribulations of other putters through the years, but this is the predominant putter in the bag.

As time has gone on, the Rossie II Palmer plays has a few “modern” game upgrades compared to its 1994 release year. There is a custom dollar sign logo on the back cavity of the putter to keep the spirits high. Additionally, we can see a Breakthrough Golf Stability putter shaft along with a SuperStroke Claw 1.0 grip. These updates bring this model to a generation blend spanning over 30 years. 

With a setup like this, putter for Ryan Palmer, this is the definition of Battle Tested!

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Club Junkie’s favorite golf gear for summer — and Father’s Day

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The summer season is getting closer by the day and some of us need to add a little style to our wardrobe. Thankfully, Ghost Golf is here with their exciting new Qualifier Collection that will get us looking better than our swing. This new collection, along with tons of other options from Ghost, also makes great Father’s Day gifts. Clubs and golf balls can be tough, since some dads are pickier than others. So I went through and put together just a few items from Ghost Golf that could be perfect for your dad. None of these requires a handicap or club fitting to help elevate their game and style out on the course!

Anyday Black Ops Stand Bag

If you have seen any of my WITB videos, you will see that I am putting my clubs into the Anyday Black Ops stand bag. High quality is key with the Anyday bag, and you will immediately feel that with the materials and craftsmanship Ghost uses. I love how versatile the bag is, going from range, to cart, to push cart without breaking a sweat. I typically bring a lot of stuff with me when I play, and I was shocked at how much the Anyday can hold while still being lightweight. You get a single and double shoulder strap that is super easy to swap out to dial in the comfort or convenience you desire.

Qualifier Flag Polo

I loved the new Qualifier Polo as soon as I took it out of the package and tried it on. The Micro Pique fabric is soft and comfortable, so you can wear it all day and almost forget it was on. Ghost dialed in the fit as well; it doesn’t bind or bunch up anywhere and looks great. The little touches and Ghost logos make this polo perfect for the course, office, or date night.

Qualifier Diamond Polo

Another polo from Ghost that has become a staple in my rotation. The black collar combines with the diamond pattern to stand out just enough. Definitely not too loud to wear to work. Ghost made sure these polos feature a soft, breathable fabric with Spandex for free, easy movement during your swing. With the warmer weather here, I have found this polo to be cool and dry from the moisture-wicking material.

Spectator Hat

I have a lot of hats (ask my wife), but this one has become my go-to since I got it. The 100% cotton fabric just feels high quality, and the Spectator hat just holds its shape so well. Average-to-large heads, like mine, get a great fit that is snug enough to stay on during an aggressive swing but not uncomfortably tight. This hat goes from school drop-off to the course without missing a beat.

Magnetic Club & Shoe Brush

At first glance, you will think this is just another club brush. Look closer, and you will see the thought and detail the team at Ghost put into it. A built-in magnet lets you slap it onto the golf cart, right there to clean off your club after your shot! Two sets of bristles are quickly swapped out so you can clean your clubs and then your shoes to keep them looking fresh. A built-in water reservoir also pumps out water to make sure your grooves are perfectly clean for every shot.

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Equipment

From the GolfWRX Classifieds: Putters for everyone! Scotty, Bettinardi, Odyssey.

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At GolfWRX, we are a community of like-minded individuals who all experience and express our enjoyment of the game in many ways.

It’s that sense of community that drives day-to-day interactions in the forums on topics that range from best driver to what marker you use to mark your ball. It even allows us to share another thing we all love – buying and selling equipment.

Currently, in our GolfWRX buy/sell/trade (BST) forum, @raehtz10 is selling putters…and lots of them. Available for purchase Scotty Camerons, Bettinardis, and Odysseys.

From the listing:

All prices are OBO and include shipping and Paypal G&S and Venmo’s version too. If you’re west of the Mississippi, please add $5. If you have any questions or want additional pictures, please message me.

1. Scotty Cameron Super Select Newport. 34″, original grip and headcover. Weights are aftermarket 40g. Small ding on the hosel was repaired. Will send updated photo if interested. $300.

2. Scotty Cameron Mil-Spec 33/350g – 33 inches, 350g. Red dancing cord grip. No headcover. – $350.

3. Bettinardi Studio Stock 9. 35″, brand new in plastic. Does not include original headcover, but will come with new in plastic 2021 Studio Stock headcover. $275.

4. Bettinardi 2022 Inovai 6.0 – 33″, original grip and shaft. The pictures really tell the tale on this one. $230.

To check out the full listing in our BST forum, head through the link. If you are curious about the rules to participate in the BST Forum, you can learn more here: GolfWRX BST Rules.

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