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David_Tepper

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OT - Taylormade Sold
« on: May 11, 2021, 12:17:11 PM »
At roughly 4 times the price it was sold for in 2017:

https://www.kedglobal.com/newsView/ked202105110009
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Peter Flory

  • Karma: +0/-0
Re: OT - Taylormade Sold
« Reply #1 on: May 11, 2021, 03:04:02 PM »
Seems like a pretty good accomplishment when others have gone out of business or struggled. 
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David_Tepper

  • Karma: +0/-0
Re: OT - Taylormade Sold
« Reply #2 on: May 11, 2021, 03:12:36 PM »
Peter -

The golf business has been on a roll lately. Titleist/Acushnet and Callaway have recently announced very strong earnings.

https://www.geoffshackelford.com/homepage/2021/5/10/golf-stocks-skyrocket-even-without-a-major-technological-breakthrough

DT

P.S. Callaway shares were up 13% today!
« Last Edit: May 11, 2021, 04:21:52 PM by David_Tepper »
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jeffwarne

  • Karma: +0/-0
Re: OT - Taylormade Sold
« Reply #3 on: May 11, 2021, 04:26:33 PM »
oh boy......
Currently my show sponsor.
Ironic that I sold out just before they did :o :-[ ;)
Who knows? Perhaps they will increase marketing since they're not tidying up for a sale.
That is if they ever catch up with demand.
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"Let's slow the damned greens down a bit, not take the character out of them." Tom Doak
"Take their focus off the grass and put it squarely on interesting golf." Don Mahaffey

Peter Flory

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Re: OT - Taylormade Sold
« Reply #4 on: May 11, 2021, 04:36:11 PM »
If they would have sold for Tesla's multiple, they would have been worth more than Boeing. 
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John Kavanaugh

  • Karma: +0/-0
Re: OT - Taylormade Sold
« Reply #5 on: May 11, 2021, 06:01:24 PM »
Quote from: Peter Flory on May 11, 2021, 04:36:11 PM
If they would have sold for Tesla's multiple, they would have been worth more than Boeing.


That may be because Tesla updates the car you buy on a month to month basis over the internet without any cost to the consumer. Taylormade comes out with new clubs they expect you to buy each month.
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