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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 213                                                       
Friday, October 31, 2014

ANY IDEA WHO SAID THIS? “ I think anyone would love to be the Ryder Cup captain. I particularly don't think it's really that hard to do, I really don't. You know, not taking a jab at Tom, I know one thing, I will play Phil Mickelson on Saturday of the next Ryder Cup if he's on the team. That was the only thing I could see that maybe you could say that Tom, something happened there. Other than that, Tom did a great job. Because we lost three and a half to a half, and I guarantee you it was because Phil wasn't out there playing. I guarantee it.”

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BRAIN TEASER: There is only one 60-year-old in the field of this year’ Charles Schwab Cup Championship. Can you name him?

HOT IN CLEVELAND: As the golf industry waits for millennial to morph to the game, one company has decided to focus on the aging baby boomers’ ongoing equipment needs. Cleveland Golf has introduced the CG Black line of woods and irons. The evolution of the CG Black line started with understanding that the average golfer swings their clubs at least 15 mph slower than professional golfers. Cleveland Golf developed key technologies targeted toward golfer’s swing and ball-flight inefficiencies then incorporated them into the CG Black family to optimize performance. The purpose being the exercise is rather simple, make slower swing speed cgblackgolfers, such as seniors and female golfers more efficient by focusing on the many factors which inhibit from hitting the ball farther and maximizing their potential. It can be argued that for years many consumers have purchased new products that possess technologies that many are unable to exploit simply due to the fact they are unable to swing as fast as younger players. According to Cleveland Golf, the incorporation of Speed Innovation into the CG Black family of woods has made them lighter, longer and faster than ever before.

The CG Black drivers are the lightest drivers on the market, the company said, which helps increase club head and ball speed for increased distance. Available in lofts of 9°, 10.5° and 12°, the men’s model comes standard with a Mitsubishi Bassara E45 graphite shaft. The women’s model is available in lofts of 10.5° and 12°, and its equipped with a Mitsubishi Bassara E-Series graphite shaft. Both the men’s and women’s model will carry a minimum advertised price (MAP) of $349.99. 

The CG Black fairway woods utilize lower swing Moment of Inertia (MOI) and lower center of gravity (CG), Cleveland said, to increase launch angle and carry for seniors and women. Both the men’s and women’s model will carry a MAP of $199.99. The CG Black hybrids also utilize lower swing MOI and lower CG to increase launch angle and carry for seniors and women. Both the men’s and women’s model will carry a MAP of $169.99.

The CG Black irons continue the theme of low swing MOI and utilize a thin, high-strength steel clubface that greatly increases COR for added distance. The CG Black irons were designed, Cleveland said, to make senior and women golfers carry the ball longer. The CG Black irons are designed for higher launch and longer carry for golfers with swing speeds of less than 90 mph. The men’s CG Black irons are offered with a Nippon NS Pro 1040 steel shaft ($699.99) or a Mitsubishi Bassara E60 graphite shaft ($799.99). The women’s CG Black irons utilize a Mitsubishi Bassara E-Series graphite shaft ($799.99).

The CG Black line is currently available for pre-order with in-store availability beginning on November 7, 2014. 

IT’S A HIT! PING reported its new G30 driver, in its second month of availability, has achieved the #1 sales position for units and dollars in the on- and off-course retail channels combined for the month of September in the United States and the United Kingdom, according to Golf Datatech LLC, which tracks golf equipment sell-thru data for both regions.

“The response to the G30 driver has been phenomenal,” said John A. Solheim, PING Chairman & CEO. “Our engineering team has created a club that is impacting the driver business unlike anything we’ve seen. Golfers all over the world are hitting the ball farther than ever with the G30 driver, thanks to Turbulator Technology.”

Tour acceptance has also been swift, according to the company, with the majority of PING’s staff converting to the new G30 driver immediately. “All golfers are benefitting from the technology of the G30 driver,” Solheim said. “The tour results speak for themselves, but we’re hearing every day from golfers of all skill levels who are commenting on how the driver has changed their games. They love the turbulators.”

THE GRASS ISN’T ALWAYS GREENER: Its been well documented the challenges facing golf. Without belaboring the points, it can always be worse. Case in point, personal navigation devices, a term Europeans use to refer to road navigation devices, is under siege. TomTom, a Dutch public company that competes in the personal navigation device segment, estimates 2.1 million PNDs were sold in Europe, down 6 percent compared to the third quarter of 2013. The decline is attributed to smartphones replacements of personal navigational devices. TomTom estimated its share of the market at around 51 percent. Whether your business is private or public, a contracting market is something that will keep you up at night.

In order to offset the slumping sales, TomTom has turned to sports business, which it said continues to gain traction. In the third quarter it improved awareness of its Cardio GPS watches, built out its sports distribution network and you guessed it, it launched its first GPS watch for golfers! "We made good progress with our sport business," said TomTom's CEO Harold Goddijn. "We continued to strengthen the awareness of our Cardio GPS watch and are on track with the expansion of our sports distribution network. Our investment in this category is increasing as we are building a multi-product consumer business. We extended our sport product range with the launch of TomTom Golfer. The watch uses GPS technology to automatically recognize the golf course and to find the next hole. It also includes relevant data, such as distances to hazards and layups, from over 34,000 golf courses across the globe."

TomTom did not provide volume figures for its sports products, but said they did helped offset the decline in PND and Automotive sales during the quarter. The PND market in North America was 0.9 million units, 16 percent lower compared to the third quarter of 2013. TomTom estimated its share of the North American PND market at around 15 percent.

The Dutch company said growing sports sales helped offset a decline at its Consumer segment, where revenue declined 9.3 percent to 154 million euros ($204 mm) in the quarter compared with 170 million euros in the third quarter of 2013. Automotive hardware revenue declined to 15 million euros ($20 million) compared with 19 million euros in the year earlier quarter. In case you’re wondering the price point for its golf watch is $250. There is plenty of competition worldwide in the category and yes; some people even use their smartphones to calculate distances on the golf course! Anyone feel a little bit better about the golf industry now?

ON THE BRIGHTER SIDE OF THINGS: According to a 2014 Physical Activities Council (PAC) study, more than a third of parents are concerned with the amount of time their children spend playing video games, and 30% are equally worried about their kids increased usage of social media. The prevalence of those two factors has 29% of parents frustrated with their kids' lack of social interaction and time spent exercising outdoors. Moreover, nearly a quarter of all parents are troubled by the injury potential of the sports their kids are playing, likely due to the increase in sports-related concussions that can have serious long-term negative effects. According to the Centers for Disease Control and Prevention, 175,000 children are treated for sports-related concussions in U.S. emergency rooms every year. Overall, 58% of parents have concerns with at least one of the above factors and 34% are worried about two or more.

According to that same PAC study, 84% of parents with at least one of the above concerns are supportive of getting their kids involved in golf and nearly a third of those are very supportive of the idea. READ MORE>>>

THE GOLDEN YEARS! With just one event remaining, Bernhard Langer is making a run at Hale Irwin’s record for most money won in a season. Through the AT&T Championship, Langer has earned $2,916,189, leaving him $112,116 from breaking the record of $3,028,304 set in 2002. Langer has won five times in the 20 events he has played heading into the Charles Schwab Cup Championship.

VENUE WORTHY OF A PRICE BUMP: Ticket prices for The Open at St Andrews next year will rise by £5 to a minimum of £70 for an adult - or £80 on the day - despite disappointing attendances the last time it was held in Scotland. High prices were blamed for a drop in attendance at Muirfield in 2013 and ticket prices were frozen for this year's Open at Royal Liverpool Golf Club in Hoylake. In 2013, the R&A had hoped for 170,000 fans to attend but only 142,036 did - 18,000 fewer than at the same venue in 2002 when tickets cost £35 - which saw a £1.35million shortfall in ticket income. READ MORE>>>

WEB GEMS:

A NOVEL APPROACH? "I don't think anyone should panic. I don't think we need a 'task force,'" Couples said, employing air quotes. "I don't think we need the PGA of America straining about this. What I really think they need is to get players that have been on a lot of these teams to get a feel for what kind of captain they need." READ MORE>>>

PLAYER BELIEVES HE HAS THE ANSWERS: "I would love to sit down with him for one hour and give him a piece of my knowledge," Player said. "Then I think he could win majors. I would talk to him quite a bit about the swing, because he's got flaws. There's a reason why he's not the same Tiger Woods anymore, and I reckon I could get those things across to him that would make a massive change because I've had so much experience, which would take him at least another 40-50 years to get." READ MORE>>>

HURLEY LEADS AT HALF WAY POINT: Billy Hurley III made six birdies on his front nine en route to a 5-under 67 Friday that gave him a two-shot lead after the second round of the CIMB Classic. Hurley matched his score from Thursday for a 10-under total of 134, two strokes ahead of American compatriot Kevin Streelman (68) in the jointly sanctioned PGA Tour and Asian Tour event. READ MORE>>>

BELGIUM BOMBER LEADS: Belgium's Nicolas Colsaerts snatched the halfway lead at the BMW Masters in Shanghai on Friday, shooting an eight-under-par 64 at Lake Malaran. Colsaerts, who has not won a Tour event in over two years, made nine birdies and a lone bogey to end the second round at 14-under-par after his first round 66. READ MORE>>>

PERNICE TAKES THE EARLY LEAD: Tom Pernice Jr. shot a 5-under 65 on Thursday to take a one-stroke lead over Bernhard Langer and three others in the Champions Tour's Charles Schwab Cup Championship. READ MORE>>>

ANSWERS: I think anyone would love to be the Ryder Cup captain. I particularly don't think it's really that hard to do, I really don't. You know, not taking a jab at Tom, I know one thing, I will play Phil Mickelson on Saturday of the next Ryder Cup if he's on the team. That was the only thing I could see that maybe you could say that Tom, something happened there. Other than that, Tom did a great job. Because we lost three and a half to a half, and I guarantee you it was because Phil wasn't out there playing. I guarantee it.”--Fred Couples, three-time President’s Captain.

Jay Haas is making his 10th consecutive appearance in the Charles Schwab Cup Championship and is the lone 60-year-old in the field. Haas owns five top -10 finishes, including second-place finishes in 2005 and 2012. He set a tournament scoring mark two years ago at the Cochise Course (this year’s venue) when he shot 10-under-par in the second round. He has bettered par in 27 of his 36 previous rounds in this event and has a scoring average of 69.31. He has earned $1,049,000 in the Charles Schwab Cup Championship, one of eight players to surpass the $1 million mark.

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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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 212                                                       
Thursday, October 30, 2014

ANY IDEA WHO SAID THIS? “I had major neck surgery almost two years ago and trying to bounce back from that, my game has been a little up and down. Peyton Manning had the same surgery, took him about two years to get back to 100 percent, and now he's back to maybe 150 percent. He's playing the best football of his life. It's encouraging that I can come back from it. My ball striking has gotten better and better it seems, so hopefully that will continue to improve. Maybe I need some brain surgery to get my putting a little bit better, but that's typical for all golfers.”

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BRAIN TEASER: Sweden’s Rikard Karlberg shot an opening-round bogey-free 7-under-par 65 to lead the CIMB Classic in Malaysia after the first round of play. Can you guess how many PGA TOUR events he has played in previously?

FOREVER YOUNG: Callaway Golf reported it has signed a multiyear extension with 44-year old Phil Mickelson. In no other other sport would someone in their mickelsonmid 40s would sign a deal for more than a year. For example, Derek Jeter, an expected first ballot Hall of Fame inductee, retired this year at the age of 40. Mickelson on the other hand isn’t finished.

“When I joined the team at Callaway 10 years ago, I knew I was making the best decision of my career,” Mickelson said. “And I feel even stronger about that decision today. Backed by innovative technologies, industry-leading products, and the outstanding R&D group that works so closely with me, I honestly believe that these next few years will be the best of my career.”

Since joining forces with Callaway, Mickelson has won 19 times out of 42 career victories on the PGA TOUR. He also added 4 of his 5 majors and earned in excess of $45 million on the PGA TOUR while working together. This season was the first time he has not produced a victory in the decade he has been associated with the company. Nevertheless, it didn’t interfere with his relationship Callaway. “We are thrilled to extend our partnership with Phil,” said Callaway Golf President & CEO Chip Brewer. “He has meant so much to Callaway, and he continues to inspire us to develop the most innovative equipment in golf.” 

There is some irony in the timing of the announcement. In 2004, shortly after Mickelson signed on with Callaway he showed up for the 2004 Ryder Cup with a complete new set of clubs and ball. In 2014, his comments calling into question Tom Watson’s style eventually lead to Ted Bishop’s fall from grace. During this period, Mickelson became a member of the World Golf Hall of Fame. He and the company will be looking forward hopefully to more days like those pictured when he won the Open Championship 

BREWER UNFILTERED: “What the industry has to worry about is that the business practices do change. If you look at the drops in average selling prices and excess inventory that has been put into the marketplace over the last few years, that has been a cancer to the golf industry. Everybody is talking about that changing now and it really needs to. If you look at another area that I’m really proud of Callaway, is it that over the last three years we have raised average selling prices in the field. We have gained a ton of market share and we have done it as we’ve raised average selling prices. It’s not that we are trying to gouge consumers. That’s not even a strategy if you wanted it to be, because nobody wants to pay more unless it’s better value, it’s worth it. But where we are using our abilities is to deliver product that is worth it, that delivers on the benefit. Because if you deliver “me too” product, you’re going to have to discount it to sell it through. And then if you over supply that “me too” product, then you’ve not only screwed yourself. You’ve screwed the industry.” READ MORE>>>

WEB GEMS:

WANNA BET? Padraig Harrington believes that his early gambling on the golf course helped greatly with his golfing temperament. READ MORE>>>

UNKNOWN LEADS: Rikard Karlberg of Sweden birdied his last two holes for a 7-under 65 Thursday to take a two-shot lead after the opening round of the CIMB Classic. Karlberg also had five birdies on the front nine in a bogey-free round at the Kuala Lumpur Golf and Country Club. After a round interrupted by a two-hour delay for thunderstorms, a trio of players were two shots back - Americans Billy Hurley III and Brian Stuard plus Angelo Que of the Philippines. READ MORE>>>

ITS ALL FRENCH IN CHINA: Alexander Levy continued his love affair with China's golf courses by kicking off the European Tour's Final Series with a seven-under-par 65 to lead after the first round of the BMW Masters. READ MORE>>>

TWO AT THE TOP: Top-ranked Inbee Park birdied five of the last seven holes Thursday for an 8-under 64 and a share of the first-round lead in the LPGA Taiwan Championship. READ MORE>>>

ANSWERS: “I had major neck surgery almost two years ago and trying to bounce back from that, my game has been a little up and down. Peyton Manning had the same surgery, took him about two years to get back to 100 percent, and now he's back to maybe 150 percent. He's playing the best football of his life. It's encouraging that I can come back from it. My ball striking has gotten better and better it seems, so hopefully that will continue to improve. Maybe I need some brain surgery to get my putting a little bit better, but that's typical for all golfers.”--Davis Love III

Rickard Karlberg is the first Asian Tour player to lead the CIMB Classic following the completion of any round in the event’s five-year history. Karlberg has played in two previous PGA TOUR events with both starts coming at the U.S. Open (2010, 2013). He missed the cut in both events.

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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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 211                                                       
Wednesday, October 29, 2014

ANY IDEA WHO SAID THIS? “I knew I wanted to play, but you know, obviously getting that degree was more important than turning pro or whatever. I didn't know if the golf would pan out, so I knew if they were paying for some education, I might as well get it. Not that I was as stand-out student, but I got the piece of paper.”

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BRAIN TEASER: How much doe the winner of the season long Charles Schwab Cup receive?

FORD IS THE LATEST TO TALK GOLF: SiriusXM isn’t afraid to swim against the tide. While the golf business is still considered tough sledding, the satellite provider remains committed to the game as it has signed Bob Ford, widely considered the preeminent club professional in America, to host a new show on SiriusXM PGA TOUR Radio (XM channel 93, Sirius channel 208). The show will focus on the highly competitive ranks of amateur golf and showcase some of the best non-professional players in the country.

Ford, who is the head professional at two of the most prestigious golf clubs in the country – Oakmont CC outside Pittsburgh and Seminole GC in Juno Beach, FL – will make his debut in January and host monthly throughout the year. On the show he will interview some of the most successful amateur golfers from around the U.S. These are players with careers away from the golf course who have maintained the skill required to compete and win local and national amateur competitions, and have also qualified to play in select tournaments against the world’s best pros. Ford and his guests will discuss amateur competitions and their approach to the game. He will also offer advice to those highly skilled recreational players who aspire to raise their game and play more competitively. 

"I'm really excited to be involved with SiriusXM and to have the opportunity to bring the game closer to fans and players,” said Ford. “To speak with some of our great amateurs in the game about their experiences and how they managed to walk amongst the great players of the game, and still work and raise a family at the same time, will be fun and informative for a lot of our listeners."

“Bob is one of the most highly-regarded people in the game of golf and he has helped countless players – from pros to weekend players – raise the level of their play,” said Scott Greenstein, SiriusXM’s President and Chief Content Officer. “On SiriusXM PGA TOUR Radio, Bob and his guests will have a nationwide platform to share their knowledge and insight into great amateur play, and in the process inspire those dedicated golfers from all walks of life.”

Ford is universally admired for his skill as both a teacher and competitive player, and for his ability to manage the day-to-day responsibilities of a club pro – running tournaments, merchandising and serving as an ambassador for the game. He was hired as an assistant at Oakmont in 1975 and four years later took over the head pro position after his mentor, Lew Worsham, retired. He has remained at Oakmont for the duration of his career and took on the additional role of head pro at Seminole – where he works every winter - in 1999. He has seen five major championship tournaments and a U.S. Amateur event played at Oakmont during his time there as head pro, and he will be the director of golf when the U.S. Open returns to the course in 2016.

Ford has competed in 10 PGA Championships and three U.S. Opens and finished 26th in the 1983 U.S. Open at Oakmont.  Locally, he has been a dominant player in the Tri-State section of the PGA of America, where he has won numerous tournaments and been named “Player of the Year" nine times.  In 2006 he won the Tri-State PGA Senior Championship with scores of 68-62 to win with a record score of 14-under.

The PGA of America has honored him with several awards including National Player of the Year (1988), National Professional of the Year (1987), National Merchandiser of the Year (1985, 1997), and he was inducted into the PGA National Hall of Fame in 2005.

In addition to Ford, hosts on the channel include World Golf Hall of Fame members Ben Crenshaw, Fred Couples and Hubert Green, Henrik Stenson, Ian Poulter, Annika Sorenstam, Chris DiMarco, Rich Beem, Hank Haney, David Leadbetter, Jim McLean, Mark Carnevale, John Maginnes, Carl Paulson, Dennis Paulson, Matt Adams, Brian Katrek, Sandy McIlree, Larry Rinker and Lorne Rubenstein.  Listeners can also hear Golf Channel programming.

THEY GROW UP FAST: For those that make a point to watch the CIMB Classic from Kuala Lumpur, Malaysia, they’ll see an old face. Old isn’t accurate since Guan Tianlang, China's golf prodigy celebrated his 16th birthday on Saturday. He made headlines around the world back in 2013 when he became the youngest player ever to play and make the cut at The Masters Tournament. Some might even recall he was given a penalty for slow play! Tianlang, considered one of the best amateurs in the world, is playing the CIMB Classic under one of eight sponsor’s invitation.

WEB GEMS:

HE DID IT HIS WAY: Going rogue was the central theme of Ted Bishop’s tenure at the PGA of America. From his principled stand against the anchored-putting debate to his fateful tweet last Thursday, the ousted president lived his term off-script. “I lived on the edge for two years,” Bishop conceded. READ MORE>>>

GIRLS RULE: All you need to know about golf in the 21st century is that Lucy Li and Ted Bishop were two of 2014’s biggest newsmakers in the sport. READ MORE>>>

NOW OR NEVER? A judge has given the city of Rio de Janeiro and a local developer a deadline to decide whether they are willing to make changes to the Olympic golf course design, which could help settle a legal dispute that is threatening its completion in time for the 2016 Games. READ MORE>>>

ANSWERS: “I knew I wanted to play, but you know, obviously getting that degree was more important than turning pro or whatever. I didn't know if the golf would pan out, so I knew if they were paying for some education, I might as well get it. Not that I was as stand-out student, but I got the piece of paper.”--Robert Streb on going to Kansas State and graduating.

This year marks the 35th anniversary of the PGA TOUR’s Champions Tour. The Charles Schwab Cup is currently in its 14th year. The program offers $2.1 million in tax-deferred annuity payouts to the five leading finishers, with the winner receiving a $1-million annuity. Players finishing second-fifth will also earn annuities based on their finish with second place earning $500,000 and third place $300,000. The final two spots earn $200,000 and $100,000, respectively. With his T6 finish at the AT&T Championship, Bernhard Langer clinched his second Charles Schwab Cup title. The other came in 2010.

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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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 210                                                       
Tuesday, October 28, 2014

ANY IDEA WHO SAID THIS? “I think when I was younger I had some unrealistic expectations. I knew I was a good player, and you know, I had obviously some hurdles that I had to deal with in front of me, which I didn't see coming. I didn't know I was going to have to deal with that. I'm almost 35 years old, and I've had a good career in golf really. If I can play another 10 years on the TOUR, wow, and be able to make money and play golf every day? I mean it's a pretty good job. I think I'm a lot more humbled now than I was when I was younger. I thought I was going to come out and do some crazy stuff, but everybody out here is really, really, really, really good. And any given week, anybody can win. I don't really get ahead of saying I'm going to win one, two, three, four tournaments. I just want to get the ball in play and hit it on the green and see where I can go. And that's difficult to do in four days, and it's proven difficult for a lot of guys who've been out here who have never won on TOUR who have great careers.” 

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BRAIN TEASER: How many holes-in-one have been made in the first three events on the 2014/15 PGA TOUR?

WAITING ON A DEAL? Discounting was once a dirty word in the equipment business. These days it seems to be page one in the play book when business isn’t going according to plan. Chip Brewer, CEO of Callaway Golf thinks most of that game has been played in 2014 and the retail channel is wiser going forward. “The market was promotional during Q3, but at a level that we had anticipated,” said Brewer. “And the outlook going forward is starting to improve a little bit. I am optimistic that Q4 is going to be a stronger quarter for the industry. There will still be some promotional activity, there always is, but these levels seem to be mitigating to a degree and commensurate with that inventory levels out in the field are improving. They were big issues for the industry going into the year and I think the trade has made good progress working through that. Not all the way through it yet, but good progress and lessening issue.

“We are hearing more and more talks from retailers and through those retailers of others in the industry, be much more rationale in their approach to how much inventory to create and to carry. And so they are going to be conservative a little bit gunshot going into next year and some of them are also still working on reducing their overall inventories.”

’TIS THE SEASON! With the holiday season just around the corner, the Thunderbirds have begun playing Santa Claus early. The hosts of the Waste Management Phoenix Open announced it will distribute $7,061,282 to local charities through proceeds raised from the 2014 tournament. This marks the first time since 2008 that the Thunderbirds have raised more than $7 million from tournament proceeds and it is the third highest charitable donation in a single year in tournament history, behind only the 2008 ($8.8 million) and 2007 ($7.8 million) tournaments. Since 2003 when the tournament first brought on a title sponsor, the Thunderbirds and the Open have raised more than $67.4 million ($67,437,385) for charities. In its history, dating back to 1932, the Phoenix Open has raised more than $93.3 million ($93,358,203) for charities in Arizona.

“Thanks to an unbelievable community and corporate support of our great event, we’re able to help thousands of children and families in need,” said Thunderbirds Big Chief Tom King. “We are very grateful to our title sponsor Waste Management, our many other corporate partners, and for the support of our golf fans, volunteers and the professional golfers that play in our event.”

The 2014 Waste Management Phoenix Open was a record setting event, as four of the seven tournament days drew record attendance. Saturday’s third round attendance of 189,722 set an all-time single-day attendance record in Waste Management Phoenix Open history and the tournament’s weeklong attendance mark of 563,008 was also a tournament record.

“This tournament is showing the world how a sporting event really can make a difference,” said David Steiner, Waste Management president and CEO. “Whether it’s setting a new standard for sustainability or sending more than $7 million to Arizona charities, it’s about much more than great golf.”

The 2015 Waste Management Phoenix Open will mark the 80th playing of the event (one of the five oldest events on the PGA TOUR) and the sixth as the Waste Management Phoenix Open. The Thunderbirds were founded in 1937 with the mission of promoting the Valley of the Sun through sports. The Thunderbirds consist of 55 “active” members and more than 250 “life” members.

WEB GEMS:

SOME RUST BUT NO FUSS FOR DUF: "I don't expect to be what I would consider full strength until sometime next year." Dufner finished the Perth International in a tie for 23rd spot. After rounds of 70, 70, 69, and 73, he finished at six-under par, 11 shots behind winner, Thorbjorn Olesen from Denmark. He made 21 birdies over the four days, however countered that with bogeys on 15 holes. READ MORE>>>

NEW SEASON, CHANGED MAN: Setting out to defend the FedExCup title in Malaysia this week, Billy Horschel is doing so as a changed man. READ MORE>>>

REMAIN CALM: Like the rest of us, Bernard Gallacher has watched aghast at all the American antics since they lost in the Ryder Cup at Gleneagles. The 65-year-old Scot, so steeped in Ryder Cup lore — eight times a player and thrice a captain — believes the US agony will be prolonged with ill-advised moves such as the appointment of a task force.
“It will swing back America’s way if they don’t panic but that’s exactly what they seem to be doing,’ he said. ‘The task force just looks a publicity stunt to me. They lost the Ryder Cup because they lost the foursomes matches 7-1. How’s a task force going to help on that?” READ MORE>>>

ANSWERS: “I think when I was younger I had some unrealistic expectations. I knew I was a good player, and you know, I had obviously some hurdles that I had to deal with in front of me, which I didn't see coming. I didn't know I was going to have to deal with that. I'm almost 35 years old, and I've had a good career in golf really. If I can play another 10 years on the TOUR, wow, and be able to make money and play golf every day? I mean it's a pretty good job. I think I'm a lot more humbled now than I was when I was younger. I thought I was going to come out and do some crazy stuff, but everybody out here is really, really, really, really good. And any given week, anybody can win. I don't really get ahead of saying I'm going to win one, two, three, four tournaments. I just want to get the ball in play and hit it on the green and see where I can go. And that's difficult to do in four days, and it's proven difficult for a lot of guys who've been out here who have never won on TOUR who have great careers.”  --Erik Compton

Believe it or not, five aces have already been made in the first three events of the 2014/15 PGA TOUR season. Billy Hurley III and Mark Hubbard each made one at the Frys.com tournament. Andres Romero continued the trend at the Shriners Hospitals for Children in Las Vegas. Marc Anderson did it in the first round of the McGladrey and Will MacKenzie followed in the third round. In the 2013/14 season there were a total of 19 holes-in-one on the PGA TOUR.

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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Web Street Golf Daily Pulse
VOLUME 5, NUMBER 209                                                       
Monday, October 27, 2014

ANY IDEA WHO SAID THIS? “Played a lot in America. Starting to get used to it over there, but it's very difficult. Everything about it is most different from the European Tour.  I think I used a lot of energy on trying to adapt over there. And then not playing my best golf didn't help. It's been a tough year this year. But the last two months has been good when I've been back in Europe, and I feel like I've been playing some good golf.  So to finish it off here with a great win is unbelievable.”

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BRAIN TEASER: Robert Streb became the second player record his first PGA TOUR win at the McGladrey Classic. Can you name the other player to do it?

ACT FIRST, THINK SECOND: The Ryder Cup was decided some time ago, yet the aftermath continues to reign. Last Friday, Ted Bishop was removed as the 38th President of the PGA of America. It was due to his remarks made on social media about Ian Poulter, who has a new book that he’s selling. Once upon a time in this world, no one was considered above the game in any sport. In a world obsessed with “selfies” the narcissistic tendencies have remained on overload and it eventually caught up with the 38th President of the PGA of America. The smoking gun is Bishop’s remarks over Poulter’s words in a book. But Bishop’s ego ultimately was his undoing. Make no mistake that Bishop wasn’t above elevating his profile during his tenure. Yet he now finds himself on the outside looking in and likely wondering what just happened to him. He has no one to blame but himself.

What does this mean for the future viability of Hack Golf? Mark King is no longer in the golf industry and Bishop has been effectively run out of town. Both men were closely identified to the initiative that was unveiled in January as a means to grow participation in the game. The irony of it now is that Bishop’s words through his “lil girls” appraisal of Poulter, was more destructive than anything he or King could accomplish with the millions of dollars that was pledged towards it. In the end it may be what he is remember for as his legacy.

STATING THEIR CASE: Callaway Golf believes it’s on the upswing.  “We believe our year-to-date performance is significantly better than the industry overall,” stated Chip Brewer, Callaway’s CEO on his company’s third quarter conference call to Wall Street analysts. “The U.S. had a strong quarter with revenue growth of 11% and is now up 6% year-to-date. On a constant currency basis, Europe was down 14% and Japan was down 23% for the quarter, reflecting challenging market conditions and shift in new product launch timing,” he continued. “All three of these large markets are showing year-to-date constant currency revenue growth and are expected to show further growth for the full year. In addition, we have had strong revenue growth this year in important midsize markets such as Korea and Australia.”

The driver for Callaway’s sales gains, according to Brewer, is its products. “Our market share continues to show growth year-to-date. Looking at our largest markets, in the U.S., our total hard goods share through September was at 18.8%, up 360 basis points year-over-year; Japan through September was at 14.7%, up 20 basis points; and UK through August was at 18.3%, up 370 basis points,” he revealed. “Highlights include us regaining the number one position of hard goods brand in Europe for the last five consecutive months, sustaining our position, the number one selling American brand in Japan and earning the number one selling fairway woods brand in the U.S. for July, August and September,” he continued. “We also sustained the number one putter position worldwide. It’s been a while since Callaway has contended for so many number one positions. We are proud of this progress and believe that bodes well for our future.”

As is the case with all financial reports, the effect is short lived. What happened, quickly becomes the new standard to be compared to in the future. With Callaway’s momentum, how does its future look? “Looking further forward, we were expecting 2015 revenue growth of approximately 1% to 2% on a consolidated basis,” answered Brewer. This takes into account foreign exchange fluctuations over the course of the year. Backing out these anticipated currency movements, Callaway is calling for a revenues to increase 4-5% in constant dollar terms. “Factored into this estimate is continued market share growth and improved market conditions offset by foreign exchange changes, anticipated retailer conservatism during the first half of next year, a strategic shift in the launch timing for our premium wood business, which will negatively impact next year’s Q1 comparison, but benefit the company in the long run and a reduction of close-out volume year-over-year.”

THE BEST IS YET TO COME: It doesn’t appear to be the best of times for the golf industry these days. But one-person remains bullish on it retail prospects, believe it or not. Dick Sullivan, CEO of PGA TOUR Superstores is putting his money where his mouth is too as the company continues to expand, somewhat aggressively despite the ever present challenges on display. “We see upside because we have a different model, we think we have a different mouse trap,” said Sullivan from his second store to open in Scottsdale, AZ. “At the end of the day the customer votes.”

Don’t believe for a moment that Sullivan has over indulged in the company Kool-Aid. “We know the industry has been under siege in terms of golf rounds, etc., but this demographic will continue to play golf. It’s not going away. This demographic will continue to try and improve their game and continue to buy new product. Our business is based on hope and people hopefully wanting to improve their game. We’re bullish,” he continued. “We have another store opening in Orlando next month as well as Texas. We have three or four leases for next year. We have 20 stores now and are growing at 25% and we should have 40 stores in three years and then on to 50,” he revealed.

The growth rate is fast tracking the store openings, but the secret lies within the execution on the ground, he said. “We’re fortunate that the markets we go into we become the dominant market share leader. Some of it is the heritage of Home Depot, our majority owner is Arthur Blank. I’ve been with Arthur for 23 years now. I was the chief marketing guy at Home Depot and then went to the Atlanta Falcons. We understand sort of the DNA of a customer service center business. This isn’t just somebody going into Walgreens to buy a tube of toothpaste. If you have a problem with your water heater or whatever and you need to have fixed, you need knowledgeable people on the sales floor. That’s really the difference.

“I’ve been really, really, lucky to work for what I would call three emotional brands.  Home Depot we fulfill people’s dreams. Not just fixing their toilets but renovating their homes. People are very passionate about their homes,” he explained. “Stepping out and going to the National Football League and having 70,000 screaming fans come into a building. I figured out along the journey and by doing focus groups that not everybody goes to the football game. Its like the Kentucky Derby, not everyone goes for a 2-3 minute race. They go for the experience. We don’t throw away the word experience here (at PGA TOUR Superstores) or at the Atlanta Falcons or at Home Depot. People come for the experience. Everything has to be perfect even from the parking. It’s much like a restaurant. There are really good restaurants with really good food but at the end of the day its not just about the food. People go for all the other intangibles. The music, the lighting, the temperature, the whole vibe. Here it is not just about selling product. It is the experience,” he continued. “We have emotional and rational attributes. When I walk into Walgreens or CVS there isn’t any energy. When I walk into here or REI, I get the juice of the energy. We have to provide that. It is fun to work in an industry with the psyche of a crazy person who does want to get better. Its the little things,” he summed up.

Customization has become a big part of the business, Sullivan said. “Well, over half the sets of clubs we sell are custom ordered from manufacturers. Its not just PING, which you would expect,” he said. Sullivan added that PGA TOUR Superstores provided 50,000 lessons last year. Adding to his belief that people are attracted the experience he offered this phenomenon. “In Denver, Long Island, Chicago and New Jersey we now have to give out these little buzzers like at a restaurant, for people using a hitting bay in the winter on a Saturday morning,” Sullivan added.

Golf has shifted to a value proposition both on and off course. Sullivan and his PGA TOUR Superstores appear to have gained some ground in key markets with consumers versus the competition. It’s the reason it remain optimistic in an industry that seems clouded in mystery.

WINNER’S CIRCLE: Robert Streb fired a final round 7-under 63 to jump from T12 to win a playoff in his first start at the McGladrey Classic. Streb came from five shots back entering Sunday to claim his first victory on TOUR. He recorded his first PGA TOUR victory in his 49th TOUR start.

Streb won with the help of his friends at Titleist. He played a Pro V1x golf ball, 913D3 (9.5*) driver with an Aldila Tour Blue 65 TX shaft and a 913Fd (15*) fairway metal with a Fujikura Motore VC&.2 X shaft. He used CB (2-9) irons with True Temper Dynamic Gold S300 shafts along with Vokey Design SM5 pitching (46*), sand (56*) and a Vokey Design prototype lob (60*) wedge with True Temper Dynamic Gold S300 shafts. His putter was a Scotty Cameron GoLo Knucklehead. Streb wore FJ ICON MyJoys golf shoes in his victory.

Robert Streb’s Statistics for the Week:
Driving Accuracy 41/56 (73.2%) T25
Greens in Regulation 53/72 (73.6%) T47
Total Putts 113 T1
Driving Distance 279.1 yards 30
Strokes Gained: Putting +1.981/per round 2

Robert Streb– Numbers for the week:
Eagles: 1
Birdies: 22
Pars: 40
Bogeys: 8
Double Bogeys: 1
Cumulative Score: 266

Streb’s scoring breakdown for the week (including the playoff): Par-3s (-2), Par-4s (-7), Par-5s (-6)

WEB GEMS:

SILENCE? “Obviously, I was extremely disturbed by it,” Whaley said on Golf Central. “There were extremely insulting and sexist. For me to hear comments that are derogatory about young girls, or insulting, just because you are a girl, is offensive. Our board of directors took swift action. The PGA of America finds it quite critical to be inclusive and we will continue to do so moving forward.” Everyone else? Radio silence. READ MORE>>>

Ted Bishop was in a philosophical mood Saturday morning. Stripped of his PGA presidency but not his PGA membership, Bishop went to work at Legends G.C. in Franklin, Ind., to oversee a Ryder Cup-style competition.

MOVING ON: “I’m on the putting green as we speak,” Bishop said via text message. “[This is the] First Day of the rest of my life. Woke up to a train whistle early this morning, and as it faded away I thought it’s leaving without me.” READ MORE>>>

OUT OF BOUNDS? Let the punishment fit the crime. It’s a theory that can be found in philosophical writings for thousands of years. It’s a seemingly simple concept that nonetheless can be difficult to apply. For centuries, judges have tried to administer a fair level of justice yet in many cases have missed the mark. Such is the nature of judging others. On Friday, PGA of America president Ted Bishop found himself looking for justice from a board of directors that has little experience in judging others and clearly overstepped the mark. READ MORE>>>

LOST THE PLOT: Bishop took pride in stirring the pot, but too often the pot was a side dish that had nothing to do with what actual PGA pros do for a living every day. When you grandstand and indulge selfies in the face of a stressed rank and file, they begin to see through the boldness and construe it instead as narcissism. READ MORE>>>

GEORGIA BOUND: Australian teenager Antonio Murdaca clinched a dream berth at the U.S. Masters after winning the Asia-Pacific Amateur Championship with a stunning seven-stroke win in Melbourne on Sunday. READ MORE>>>

ANSWERS: “Played a lot in America. Starting to get used to it over there, but it's very difficult. Everything about it is most different from the European Tour.  I think I used a lot of energy on trying to adapt over there. And then not playing my best golf didn't help. It's been a tough year this year. But the last two months has been good when I've been back in Europe, and I feel like I've been playing some good golf.  So to finish it off here with a great win is unbelievable.”--Thorbjorn Olesen after winning the ISPS Handa Perth International.

Streb and Tommy Gainey are the only players to record their first TOUR win at the McGladrey Classic.

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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