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Web Street Golf Daily Pulse
VOLUME 7, NUMBER 61                                                         
Tuesday, March 28, 2017

ANY IDEA WHO SAID THIS? “It's impossible to win every week. I know that. But I'm just going to have to keep working hard. Keep working on the things that I'm working on right now. And just keep trying to get better. There's still a lot of room for improvement in my game. So I'm just going to keep working on it. I think I can get better with all aspects of the game. Wedges can definitely get better. Definitely the mid-irons. I feel like I'm driving it really well right now, so I need to keep doing that. I think that's a big part of my game. If I hit the driver well then I usually am going to play pretty good.”

BRAIN TEASER: Who won the 2016 Shell Houston Open?

A DIFFERENT CHALLENGE: FedEx Corp. (NYSE: FDX) and JA (Junior Achievement) Worldwide are set to launch the FedEx Junior Business Challenge, a program in conjunction with the PGA TOUR to help empower the next generation of entrepreneurs across the country.

The FedEx Junior Business Challenge, an extension of the JA Company Program, will serve as a platform to provide select JA students the opportunity to showcase their business concepts at designated PGA TOUR tournaments this season for a chance to generate a $75,000 donation from FedEx to further support youth entrepreneurship.

At each FedEx Junior Business Challenge event, JA students ranging from 15-18 years old will pitch their team’s business concept to a panel of judges consisting of a PGA TOUR player and a variety of successful business leaders.  The panel will evaluate each team’s business pitch and select one JA Company from each tournament to move onto the FedEx Junior Business Challenge Finals in September at the TOUR Championship in Atlanta.  The qualified companies will then compete for the chance to earn the $75,000 donation for their local JA chapter on behalf of FedEx. The first event is this week’s Shell Houston Open, followed by PLAYERS Championship, Travelers and the WGC Bridgestone Invitational.

“Small businesses and entrepreneurship are paramount to FedEx. Our relationship with the PGA TOUR and JA Worldwide provides a unique opportunity to use golf as a platform to support and showcase the next generation of business leaders through the FedEx Junior Business Challenge,” said Patrick Fitzgerald, senior vice president of Integrated Marketing Communications for FedEx.  “It will be exciting to witness the creativity and forward thinking that the students present at each event during the PGA TOUR season.”

With more than 100 member countries, the JA Worldwide network reaches more than 10 million young people around the world every year. “The amount of thought, planning and collaboration that JA students put into developing their business concepts is impressive,” said Asheesh Advani, CEO, JA Worldwide. “The FedEx Junior Business Challenge will serve as an opportunity for students to display their entrepreneurial thinking and innovation at PGA TOUR tournaments across the country.”

MARKETING: The Open has teamed up with Manchester City Football Club ahead of the 146th staging of the Championship at Royal Birkdale this July. The agreement sees The Open and the Club deliver exclusive content to both golf and football fans in the build-up to the much-anticipated Championship.

To mark the occasion José Maria Olazábal, visited City Football Academy where he was met by former player and club legend Paul Dickov and Manchester City Women and England Lionesses captain, Steph Houghton. He was then given a guided tour of the state-of-the-art facility by good friend and Manchester City Manager, Pep Guardiola.

oleThe pair posed with the famous Claret Jug trophy before delving behind-the-scenes of Man City’s training complex, including the indoor pitch, player gym and dressing rooms. To complete the visit, Olazábal demonstrated his prowess on a golf simulator, alongside Pep who is an avid golf fan.

“The Open is huge, especially for us. Obviously it is huge for the world of golf but for us Europeans it is the only major played on this side of the Atlantic so for us it is everything,” said Olazábal. “It has a lot of history behind it and the rotation of the courses make it special but what makes it really special is the knowledge of the crowds as they are always fantastic.”

Olazábal also entertained fans at the Etihad Stadium before a Liverpool game recently and at half-time with a series of skills challenges, as City fans pitted their wits against the former Masters winner. The partnership will also provide fans the chance to get up close to the Claret Jug as it visits the Manchester City store and Hospitality Golf Day. 

Speaking at the official launch, Johnnie Cole-Hamilton, Executive Director - Championships at The R&A, organizers of The Open, said, “Manchester City is one of the biggest clubs in the world and The Open is one of the world’s greatest sporting events. We are looking forward to working with Manchester City to help promote the Championship ahead of its return to the historic links at Royal Birkdale for the tenth time.”

Chief Operating Officer for Manchester City, Omar Berrada remarked, “The Open is a cherished sporting institution, steeped in history, with an ever-growing global fan base. As a proud North West club, we’re delighted The R&A is hosting the next Championship in the region and look forward to collaborating on innovative and engaging content for both sets of fans.”

Fans who purchase tickets at www.TheOpen.com/Tickets using the promotional code 146thOpenCity until April 7th 2017 will receive a FREE azure blue Open branded Cap, which will be collected from The Open Shop at the event. 

WHAT’S IT WORTH? According to a new report commissioned by the Confederation of Golf in Ireland (CGI) and The R&A, consumer spending annually on golf in the Republic of Ireland alone is now worth READ MORE>>>

ISLAND SHOPPING: PGA TOUR Superstore is opening a new store in the Hilton Head /Bluffton area on April 1st. No joke! Hilton Head marks the company’s 29th store in the U.S. and the third location in South Carolina (joining Myrtle Beach and North Myrtle Beach locations). One (part time) Lowcountry resident is especially pleased PGA TOUR Superstore is coming to town.

“I’m thrilled our brand is making a new home in such a terrific location visited by many who share the same passion for golf and tennis as I do,” said PGA TOUR Superstore controlling owner Arthur Blank, owner of the Atlanta Falcons and retired co-founder of Home Depot. “We’re excited to provide an unparalleled retail experience and to give back to the community with The First Tee of The LowCountry.”

The Hilton Head PGA TOUR Superstore grand opening event will take place April 1 with doors opening 9 a.m. to 8 p.m. and include $30,000 in giveaways to the first people in line, putting contests and swing evaluations. The retailer will also present a check at the Grand Opening for $15,000 to help inspire the next generation of golfers at the First Tee of The Lowcountry in Hilton Head Island chapter.

WEB GEMS:

ONE DAY AT A TIME: "My mom told me not to worry about it," Day said. "It's hard to do that. It's easy to say but it's really, really difficult. So currently I'm scheduled to play Augusta but if things don't come back the way we want them, I don't know what's going to happen." READ MORE>>>

THANKS MOTHER NATURE! This year’s Masters could be the dullest ever after some 90 per cent of Augusta’s most famous flower was wiped out by frost. READ MORE>>>

ON ICE: Dustin Johnson has withdrawn from READ MORE>>>
ANSWERS: “It's impossible to win every week. I know that. But I'm just going to have to keep working hard. Keep working on the things that I'm working on right now. And just keep trying to get better. There's still a lot of room for improvement in my game. So I'm just going to keep working on it. I think I can get better with all aspects of the game. Wedges can definitely get better. Definitely the mid-irons. I feel like I'm driving it really well right now, so I need to keep doing that. I think that's a big part of my game. If I hit the driver well then I usually am going to play pretty good.”--Dustin Johnson, who has won his last three times out!

Jim Herman posted a final round score of 68 to claim his first career PGA TOUR title. He beat Henrik Stenson (2016 Open Champ) by one shot and Dustin Johnson (2016 US Open Champ) by two.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

Web Street Golf Daily Pulse
VOLUME 7, NUMBER 60                                                         
Monday, March 27, 2017

ANY IDEA WHO SAID THIS? “My expectations are usually really high. But once I come to tournaments, I forget about it. I'm here to play golf and play day-by-day. As I said many times, I really play to win. I compete to win. And my mindset is winning. And really do my mental work before. And once I get to tournaments I just focus on what I have to do, stick to my routine, breakfast, warm up, hit balls, and think about it each shot at a time. When it comes to it on the course, I really don't think about it. And once I'm done I try to avoid golf and social media, because otherwise I might get hung up on things like that and maybe not be mentally ready for what is to come.”

BRAIN TEASER: The Dell Technologies Match Play was Dustin Johnson’s third win in consecutive starts on the PGA TOUR following victories at the Genesis Open and World Golf Championships-Mexico Championship this year. Can you name the last player to accomplish the same feat?

SLOW AND STEADY: The golf course industry continues to go through a period of natural correction. At the end of 2016, there were a total of 15,014 golf facilities in the United States, comprising 14,117.5 open and operating 18-hole equivalent (18-HEQ) courses. The final 2016 count showed a net reduction of 171 courses, which amounts to a 1.2% contraction from 2015.

In 2016, saw a permanent closure of 211.5 courses and the opening of 15.5 new courses. There were 95 courses that reopened after comprehensive renovations, while another 11.5 courses deemed “permanently closed” welcomed golfers back following a prolonged shutdown.

Since 2006, when the trend of more golf course closures than openings began, the cumulative reduction of the total supply is only 5.9%. That pales in comparison to the 44% growth in course construction during the two decades prior. The U.S. remains the best-supplied (if not over supplied) golf market in the world, boasting almost 45% of global facilities. The closures in 2016 represent approximate a 1% net reduction in courses.

“NGF views the slow and steady reduction of U.S. courses as the natural economic response to the opening of more than 4,000 new golf facilities between 1986 and 2005,” stated NGF’s Chief Business Officer Greg Nathan. “This gradual reduction is indicative of the market’s healthy self-balancing of supply and demand, and a trend we expect to continue for several more years. American golfers have more than 15,000 green-grass facilities where they can tee it up, one reason the contraction in supply has shown no direct impact on frequency of play, with rounds-played in the U.S. increasing each of the past two years.”

WINNER’S CLUBS: Dustin Johnson continues to let his clubs do his talking. He won his 15th tournament on the PGA TOUR in his 208th career start at the age of 32 years, 9 months, 4 days. Johnson, who won the World Golf Championships-Mexico Championship for the second time in his career earlier this month, became the first player to win each of the four World Golf Championships events, with the 2017 Dell Technologies Match Play title completing the so-called ‘WGC Slam.’ His WGC victories came at the HSBC Champions (2013), the Mexico Championship (2015), the Bridgestone Invitational (2016) and the Mexico Championship (2017). In the Championship Match, Johnson’s string of winning the opening hole expired when he halved the first hole with Jon Rahm with a par. He was 6 of 7 in winning the starting hole last week, five times with a birdie. Johnson played 112 holes this week and never trailed at any stage. Here is what Dustin Johnson had in his bag at the 2017 World Golf Championships-Dell Technologies Match Play:

Driver: TaylorMade 2017 M1 (10.5 degrees)
Fairway Metal: TaylorMade M2 Tour (3HL, 16.5 degrees)
Irons: TaylorMade UDi (2), TaylorMade Tour Preferred MB ’14 (3-PW)
Wedges: TaylorMade Milled Grind (52-09 and 60-10)
Putter: TaylorMade Spider Tour Black
Golf Ball: TaylorMade TP5x

WEB GEMS:

DOMINATION: Dustin Johnson won the Dell Technologies Match Play with more drama than he needed to cap off an otherwise dominant week that made him the first player to sweep the four World Golf Championships. The scorecard will show Johnson never trailed in any of his seven matches over 112 holes, ending with a 1-up victory over Jon Rahm for his third straight victory that left no doubt who was No. 1 in the world. READ MORE>>>

QUE RICO: D.A. Points was never better at the start, and good enough at the end. Points opened the final round of the Puerto Rico Open with five straight birdies, and then overcame a rugged stretch by saving pars and piling up enough birdies for a 6-under 66 on Sunday and a two-shot victory. READ MORE>>>

STOP AND GO? Donald Trump has been accused of “failing to grasp reality” after claiming plans for a second golf course in Aberdeenshire have already received the green light. The US president’s latest book boasts the new course has been “approved” by Aberdeenshire Council, which has yet to consider the planning application. It comes as new documents reveal the local authority’s planning experts have expressed concerns over “regular conflict between the public and the golf course”. Trump has described the plans for the MacLeod course, which would be sited next to the existing Trump International Golf Links in Balmedie, as “incredible”. A decision is expected as early as next month. READ MORE>>>

ANSWERS: “My expectations are usually really high. But once I come to tournaments, I forget about it. I'm here to play golf and play day-by-day. As I said many times, I really play to win. I compete to win. And my mindset is winning. And really do my mental work before. And once I get to tournaments I just focus on what I have to do, stick to my routine, breakfast, warm up, hit balls, and think about it each shot at a time. When it comes to it on the course, I really don't think about it. And once I'm done I try to avoid golf and social media, because otherwise I might get hung up on things like that and maybe not be mentally ready for what is to come.”--Jon Rahm

The Dell Technologies Match Play was Dustin Johnson’s third win in consecutive starts on the PGA TOUR following victories at the Genesis Open and World Golf Championships-Mexico Championship this year. The last player to win three consecutive starts was Rory McIlroy in 2014 (The Open Championship, World Golf Championships-Bridgestone Invitational, PGA Championship).

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

Web Street Golf Daily Pulse
VOLUME 7, NUMBER 60                                                         
Monday, March 27, 2017

ANY IDEA WHO SAID THIS? “My expectations are usually really high. But once I come to tournaments, I forget about it. I'm here to play golf and play day-by-day. As I said many times, I really play to win. I compete to win. And my mindset is winning. And really do my mental work before. And once I get to tournaments I just focus on what I have to do, stick to my routine, breakfast, warm up, hit balls, and think about it each shot at a time. When it comes to it on the course, I really don't think about it. And once I'm done I try to avoid golf and social media, because otherwise I might get hung up on things like that and maybe not be mentally ready for what is to come.”

BRAIN TEASER: The Dell Technologies Match Play was Dustin Johnson’s third win in consecutive starts on the PGA TOUR following victories at the Genesis Open and World Golf Championships-Mexico Championship this year. Can you name the last player to accomplish the same feat?

SLOW AND STEADY: The golf course industry continues to go through a period of natural correction. At the end of 2016, there were a total of 15,014 golf facilities in the United States, comprising 14,117.5 open and operating 18-hole equivalent (18-HEQ) courses. The final 2016 count showed a net reduction of 171 courses, which amounts to a 1.2% contraction from 2015.

In 2016, saw a permanent closure of 211.5 courses and the opening of 15.5 new courses. There were 95 courses that reopened after comprehensive renovations, while another 11.5 courses deemed “permanently closed” welcomed golfers back following a prolonged shutdown.

Since 2006, when the trend of more golf course closures than openings began, the cumulative reduction of the total supply is only 5.9%. That pales in comparison to the 44% growth in course construction during the two decades prior. The U.S. remains the best-supplied (if not over supplied) golf market in the world, boasting almost 45% of global facilities. The closures in 2016 represent approximate a 1% net reduction in courses.

“NGF views the slow and steady reduction of U.S. courses as the natural economic response to the opening of more than 4,000 new golf facilities between 1986 and 2005,” stated NGF’s Chief Business Officer Greg Nathan. “This gradual reduction is indicative of the market’s healthy self-balancing of supply and demand, and a trend we expect to continue for several more years. American golfers have more than 15,000 green-grass facilities where they can tee it up, one reason the contraction in supply has shown no direct impact on frequency of play, with rounds-played in the U.S. increasing each of the past two years.”

WINNER’S CLUBS: Dustin Johnson continues to let his clubs do his talking. He won his 15th tournament on the PGA TOUR in his 208th career start at the age of 32 years, 9 months, 4 days. Johnson, who won the World Golf Championships-Mexico Championship for the second time in his career earlier this month, became the first player to win each of the four World Golf Championships events, with the 2017 Dell Technologies Match Play title completing the so-called ‘WGC Slam.’ His WGC victories came at the HSBC Champions (2013), the Mexico Championship (2015), the Bridgestone Invitational (2016) and the Mexico Championship (2017). In the Championship Match, Johnson’s string of winning the opening hole expired when he halved the first hole with Jon Rahm with a par. He was 6 of 7 in winning the starting hole last week, five times with a birdie. Johnson played 112 holes this week and never trailed at any stage. Here is what Dustin Johnson had in his bag at the 2017 World Golf Championships-Dell Technologies Match Play:

Driver: TaylorMade 2017 M1 (10.5 degrees)
Fairway Metal: TaylorMade M2 Tour (3HL, 16.5 degrees)
Irons: TaylorMade UDi (2), TaylorMade Tour Preferred MB ’14 (3-PW)
Wedges: TaylorMade Milled Grind (52-09 and 60-10)
Putter: TaylorMade Spider Tour Black
Golf Ball: TaylorMade TP5x

WEB GEMS:

DOMINATION: Dustin Johnson won the Dell Technologies Match Play with more drama than he needed to cap off an otherwise dominant week that made him the first player to sweep the four World Golf Championships. The scorecard will show Johnson never trailed in any of his seven matches over 112 holes, ending with a 1-up victory over Jon Rahm for his third straight victory that left no doubt who was No. 1 in the world. READ MORE>>>

QUE RICO: D.A. Points was never better at the start, and good enough at the end. Points opened the final round of the Puerto Rico Open with five straight birdies, and then overcame a rugged stretch by saving pars and piling up enough birdies for a 6-under 66 on Sunday and a two-shot victory. READ MORE>>>

STOP AND GO? Donald Trump has been accused of “failing to grasp reality” after claiming plans for a second golf course in Aberdeenshire have already received the green light. The US president’s latest book boasts the new course has been “approved” by Aberdeenshire Council, which has yet to consider the planning application. It comes as new documents reveal the local authority’s planning experts have expressed concerns over “regular conflict between the public and the golf course”. Trump has described the plans for the MacLeod course, which would be sited next to the existing Trump International Golf Links in Balmedie, as “incredible”. A decision is expected as early as next month. READ MORE>>>

ANSWERS: “My expectations are usually really high. But once I come to tournaments, I forget about it. I'm here to play golf and play day-by-day. As I said many times, I really play to win. I compete to win. And my mindset is winning. And really do my mental work before. And once I get to tournaments I just focus on what I have to do, stick to my routine, breakfast, warm up, hit balls, and think about it each shot at a time. When it comes to it on the course, I really don't think about it. And once I'm done I try to avoid golf and social media, because otherwise I might get hung up on things like that and maybe not be mentally ready for what is to come.”--Jon Rahm

The Dell Technologies Match Play was Dustin Johnson’s third win in consecutive starts on the PGA TOUR following victories at the Genesis Open and World Golf Championships-Mexico Championship this year. The last player to win three consecutive starts was Rory McIlroy in 2014 (The Open Championship, World Golf Championships-Bridgestone Invitational, PGA Championship).

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

Web Street Golf Daily Pulse
VOLUME 7, NUMBER 59                                                         
Friday, March 24, 2017

ANY IDEA WHO SAID THIS? “I don't worry too much about the results. You never know what is going to happen. I played really well last year, ran into a buzz saw. Patrick Reed was 8-under through 11 holes. It can happen. You need to go out and focus as though it's the final round because you don't have the opportunity to recover from mistakes. If you play good golf you should get through.”

BRAIN TEASER: The winner of each of the World Golf Championships is awarded a Wedgwood trophy named after a great international figure in the game. Who is the trophy named after for the WGC Match Play?

SMOKE ‘EM IF YOU GOT ‘EM! Titleist is launching its 716 AP1 irons in a sleek new finish: Limited Edition Smoke. Limited to 500 sets, 716 AP1 Smoke features a rich, dark, durable PVD coating that, when applied to the high-polish stainless steel of 716 AP1, provides the appearance of a more compact blade length apismokeyand thinner top line at address. The darker finish also helps to reduce glare that might reflect off the irons on bright days.

According to the company, the Limited Edition Smoke finish on 716 AP1 was inspired by golfer feedback based on the growing popularity of the Jet Black and Steel Gray finishes available on Vokey SM6 wedges. (Jimmy Walker recently switched to a Jet Black finish on his SM6's.)

“More golfers than ever before are realizing the exceptional distance and forgiveness benefits of 716 AP1. This is superior game improvement technology that helps players hit the ball further with the proper trajectory to stop the ball on the green and maintain that performance even on off-center hits,” said Josh Talge, Vice President of Marketing, Titleist Golf Clubs.

“We’re introducing the Smoke finish as a test run because golfers have been asking us for it,” Talge continued. “We've seen a trend in players gravitating toward the darker finishes in our Vokey SM6 wedges and many of them have asked if we'll ever bring those types of finishes to our iron line. Smoke is our first experiment. Not only does it have a great look, but for many golfers it will also make the club appear smaller at address. It’s really a great option for those players who want all the benefits of a game improvement iron but want to look down and see something more slim and compact.”

The 716 AP1 Limited Edition Smoke irons are available in the U.S. only, at the same cost as the original 716 AP1 high-polish finish.

KID’S PLAY: COBRA Golf has the junior player in mind this season as the company has added the COBRA CONNECT Powered by Arccos technology into its new KING F7 Junior Driver. The KING F7 Junior Driver (MAP $249), a junior version of the KING F7 driver, features an ultralight sensor that’s embedded in the grip, allowing golfers to automatically track the distance and accuracy of every drive. Since kids often grow very quickly, COBRA Golf is continuing to use the free shaft upgrade option in the KING F7 Junior Driver. Golfers can register their purchased driver on the cobragolf.com and receive one free upgrade to a longer, firmer shaft when needed.

HAVE CLUBS WILL TRAVEL! Consumer sentiment appears to be alive and well when it comes to taking a golf trip in 2017. Longitudes Group LLC has announced the release of the 2017 Golf Travel Research Report, which captures how golfers across all major metropolitan areas have traveled in the past and how they plan to travel in the next 12 months.

“Golfers are extremely optimistic about how much they can afford, both time and money, to weave golf into their travel plans this year,” shared Sara Killeen, President of Longitudes Group. “With housing values and IRAs on the rise, there is an economic confidence fueling the desire.”

Among some of its key findings are 72% of avid golfers in the survey who play more then 21 rounds annually took two or more trips. It reported that 35% of high budget golf travelers book 3 to 6 months in advance. Golf travelers rank spouse/partner as their preferred travel companion over friends, 57% of the time versus other relatives or business associates. Women in golfing households have a growing influence on the spending decisions and plans for golf travel.

The research tackles the question – Where are golfers going and how are they influenced to travel? Travel industry stakeholders along with golf destinations will find the research helpful in making informed decisions to grow their business this season. The 49-page report is available for purchase at longitudesgroup.com for $499.

SPONSORS NEEDED: A week from Sunday night, when the 26th Shell Houston Open's final putt disappears into the cup, what had been the third-longest corporate partnership on the Tour - only Honda and AT&T have been around longer - will be over. And anybody who was around the event during the dozen years before Shell rescued it from possible demise can't help but be antsy. A beer (Michelob), a soft drink (Coca-Cola) and an insurance group (Independent Insurance Agents) all tacked their names on the tournament back in the day, but didn't stick around long. READ MORE>>>

IN THE REAR VIEW MIRROR: While his name has been mentioned as a pivotal figure in a federal insider trading criminal trial, Phil Mickelson shrugged off any hint that will be hanging over him this week or in the run up to The Masters next month - both with his play and his comments. "I'm not a part of that," Mickelson said after easily winning his first-round match Wednesday at the Dell Technologies Match Play. "It's not even a thought."

But prosecutors and defense attorneys for gambler William "Billy" Walters have said Mickelson would be a key figure in the trial in New York, and the judge hinted to jurors last week the five-time major champion could be called to testify. Mickelson said that won't happen. READ MORE>>>

WEB GEMS:

MARCH MADNESS: Soren Kjeldsen and Alex Noren won their groups in the Dell Technologies Match Play, one round before group play is even finished. Rory McIlroy took the day off, and he's already guaranteed the weekend off. READ MORE>>>

ANSWERS: “I don't worry too much about the results. You never know what is going to happen. I played really well last year, ran into a buzz saw. Patrick Reed was 8-under through 11 holes. It can happen. You need to go out and focus as though it's the final round because you don't have the opportunity to recover from mistakes. If you play good golf you should get through.”--Phil Mickelson on his approach towards match play. In 12 appearances at the WGC Match Play, Mickelson has advanced beyond R3 just once, in 2004, losing to Davis Love III, 1-up in the Quarterfinals. Last year, he lost to Patrick Reed (5 and 4) after wins against Matthew Fitzpatrick (5 and 4) and Daniel Berger (1 up) and did not advance out of Group Play.

Each year the Walter Hagen Cup is awarded to the champion of the World Golf Championships Match Play. Hideki Matsuyama currently holds the Old Tom Morris Cup for his 2016 HSBC Champions victory. Dustin Johnson has the Gary Player Cup in his possession after winning the 2016 Bridgestone Invitational. Johnson also received the Gene Sarazen Cup as the winner of the 2017 Mexico Championship.

Hagen was golf’s first full-time touring professional. He won 40 times on the PGA TOUR, including 11 times in major championships. It is appropriate that the World Golf Championships-Dell Technologies Match Play trophy bears his name, as he was perhaps the greatest match player in history. He won five PGA Championships in match play, including four consecutive from 1924-1927. He once won 22 straight 36-hole matches in the PGA and 32 out of 33 matches between the first round in 1921 and the fourth round of 1928. In six Ryder Cup matches, his record was 7- 1-1. Hagen, an inaugural member of the World Golf Hall of Fame, also won two U.S. Opens and four British Opens.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 

Web Street Golf Daily Pulse
VOLUME 7, NUMBER 58                                                         
Thursday, March 23, 2017

ANY IDEA WHO SAID THIS? “Everyone here is really, really, really good. The top 64 in the world. And anybody can win any day. I understand that Golf Channel, they need things to talk about, but to look at some groups and be like, oh, that's an easy group to get through. Well, one of those guys has to get through. How do you think they feel? I don't know if this is Matt Fitzpatrick's first match play probably in terms of this. He won the U.S. Am. He's obviously good at match play. He's won on the European Tour. And that's just because this is his first time, he doesn't have a record, and people might say something about him.”

BRAIN TEASER: Can you name the only four players that played in seven matches at the 2016 WGC Match Play event?

PROOF IS ALWAYS IN THE NUMBERS: The Acushnet Holdings Corp. (NYSE: GOLF) had an eventful year in 2016. The company turned to public markets, despite a landscape that wasn’t conducive to most initial public offerings and a challenging macroeconomic picture often dominated by headlines of the US Presidential election. Nevertheless, it accomplished its goal despite one of its chief competitors, TaylorMade on the auction block and still remains so. Nike Golf retreated from the club and ball business and golf retail saw another round of contraction of approximately 500 doors.

Acushnet reported its fourth quarter operating results for 2016 and closed the books, financially speaking, on the year. Sales came in at $329.8 million, an increase of $9.5 million from a year ago. The company said golf ball sales were $98.6 million, while Titleist clubs accounted for $119.8 million in revenues. FootJoy contributed $71.3 million, while Titleist gear represented $21.4 million.

For the full 2016-year, golf ball sales were $513.9 million, down 4% from 2015. On a constant currency basis ball sales were down 3.7%. Golf club sales were $431 million, up 11% or 9.8% on a constant currency basis, the company reported. FootJoy delivered sales of $433.1 million, up 3.4% or 3.6% on a constant currency basis. Titleist golf gear contributed $136.2 million in sales, up 5.3% or 5.5% in constant currency.

In prepared comments, Wally Uihlein, Acushnet President and CEO, said, “2016 was a good year for Acushnet Holdings as we continued to execute on our proven strategy and strengthen our relationships with dedicated golfers and trade partners. We are pleased with how our team delivered solid revenue and Adjusted EBITDA growth in a year highlighted by industry right sizing. We are also encouraged by indications that the industry long-term metrics appear to be stabilizing. Looking forward, we feel very good about our market position and opportunity for continued success. We are confident in our strategy and ability to execute into the future.”

David Maher, Acushnet COO, added, “Our businesses continued to deliver solid performance over the course of 2016, driven in part by our focus on accelerating growth and share gains outside of the United States. Globally, we saw annual growth in the key business segments of golf clubs, golf wear and golf gear capped by the successful fourth quarter introduction of the 917 drivers and fairways and the strong momentum of the new FootJoy PRO/SL shoe. Entering a new golf ball cycle, we launched the new Pro V1 and Pro V1x in January of 2017 and we are very pleased with the enthusiastic golfer reception and broad tour adoption worldwide.”

The company reported U.S. sales of $804.5 million, off 0.1% from 2015. Japanese sales were $219 million, up 20.2%, while Korea delivered $176 million, a jump of 21.4%. Europe, Middle East and African sales were $210.1 million, up 4.5%, while the rest of the world came in at $162.7 million, a decrease of 3.9% from 2015.

Gross profit margins held firm for the year (50.8%), while SG&A was down 0.5% and research and development expenses represented 3.1% of net sales for the year, a decrease from the previous year when it was 4.1%. Net income was 45 million, an increase of $46 million year-over-year Acushnet said.

Acushnet reported its new and improved ProV1 and ProV1x would be available in over 30,000 golf shops by the end of next week. The US PGA Titleist ball count year-to-date is 68% with its nearest competitor at 10%. The company expects to conduct north of 200,000 club fittings worldwide in 2017 thanks to a strong network of 2,500 US fitters and 4,000 worldwide. It reported strong demand for new products being delivered including new “Players” stand bags and headwear. FJ remains the #1 golf glove with pros and amateurs alike as well as the #1 shoe in the game. It reported an exceptional golf apparel growth led by a successful Fall 2016 US launch of Women’s Golfleisure line.

The company reported consolidated net sales are expected to be in the range of $1,565 to $1,595 million in 2017. It estimates the global golf market will grow 1-2% in 2017, without the impact of foreign exchange currency exchange rate movements. On a constant currency basis, Acushnet consolidated net sales are expected to increase by 1.8% to 3.7% in 2017 when compared to 2016. It said adjusted EBITDA is expected to be in the range of $220 to $230 million in 2017. “According to the recently published Datatech/Yano Size of Worldwide Golf Report (released January 2017), the golf equipment and apparel opportunity today remains just under $12 billion dollars at retail, which corresponds to a wholesale opportunity between $7.8 and $8.0 billion dollars. The total annual spend by golfers remains an attractive opportunity,” reported Uihlein.

PERFORMANCE BASED: Callaway reported 2016 full year net sales of $871 million, an increase of 3% or $27 million from 2015. US sales were flat, Europe was down 1.8%, but Japan jumped 23.7%. Income before taxes was $58.4 million with a one-time inclusion of $17.6 million on a partial sale of its Topgolf investment compared to $20 million in 2015.

While top line sales were essentially static on most parts of the world, the company was very pleased with the performance of its leader. Chip Brewer, Callaway Golf’s CEO saw an increase of $50,000 to his base salary for 2016, as he was compensated $800,000. A significant pat of the back came in the form of his annual bonus as he was awarded a $1.5 million by Callaway’s Compensation Committee and approved by its Board of Directors. His maximum bonus potential as outlined by the Board, was $1.6 million.

WEB GEMS:

YOU DON’T KNOW ME: “In 1990, a kid from Orange County named Eldrick Woods had won the Boys 13–14 division. In ’91, the same kid won the Boys 15–17 division. Now I was going to get a chance to take on this phenom. Only problem was, I didn’t own a set of clubs. Kind of an issue. I had won all the qualifiers with a mismatched set of clubs that I had borrowed from about five different people. But for world juniors, my friend’s father let me use his Ping Berylliums. And I won. I beat the guy we now know as Tiger by eight shots with clubs that were meant for someone two or three inches taller than me. I’ll never forget the sound Tiger’s club made when it struck the ball, and how valiant of a competitor he was that week. I’ll also never forget winning the way I did.” READ MORE>>>

LOVE AND MARRIAGE: Colin Montgomerie has given evidence at Scotland’s highest civil court in a divorce action in which he is suing his estranged wife for £5 million in a dispute. The former captain for the European Ryder Cup team split from Gaynor, 50, in 2015 after allegations emerged about the golfer’s private life. READ MORE>>>

FAMILY: Jason Day completed six holes at the WGC-Dell Technologies Match Play Championship before he simply couldn't play any longer, then walked off the golf course. Speaking through tears afterward, Day explained that his mother, Dening, was diagnosed in Australia at the start of the year and told she had 12 months to live. He brought her to Ohio, where Day lives with his family, in the last month for more tests, hopeful that surgery would lead to a chance for a recovery. READ MORE>>>

ANSWERS: “Everyone here is really, really, really good. The top 64 in the world. And anybody can win any day. I understand that Golf Channel, they need things to talk about, but to look at some groups and be like, oh, that's an easy group to get through. Well, one of those guys has to get through. How do you think they feel? I don't know if this is Matt Fitzpatrick's first match play probably in terms of this. He won the U.S. Am. He's obviously good at match play. He's won on the European Tour. And that's just because this is his first time, he doesn't have a record, and people might say something about him.”--Justin Thomas on the nature of match play. Fitzpatrick lost 5 and 4 to Kevin Na in his opening match.

Jason Day, the eventual winner, Louis Oosthuizen (runner up), Rafa Cabrera Bello (third place) and Rory McIlroy were the only players to play seven matches at the 2016 WGC Match Play event.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF

 

 
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