Web Street Golf Daily Pulse
VOLUME 3, NUMBER 41
Tuesday, February 28, 2012
ANY IDEA WHO SAID THIS? “Got to love the world ranking system took the week off with 2 tourneys going on and moved up 3 spots?”
BRAIN TEASER: Who was the last American player to win the Honda Classic?
WHERE THERE IS SMOKE, THERE IS FIRE: As first reported in the January 27th issue, Chip Brewer will be switching his golf clubs and stock options from Adams Golf (ADGF: NASDAQ) to Callaway Golf (ELY: NYSE). Brewer has stepped down as Adams Golf’s CEO to lead Callaway Golf starting on March 5th. Barney Adams, Chairman of the Board of Directors and founder of Adams Golf, will serve as interim CEO while the Board continues to explore and evaluate strategic alternatives to enhance shareholder value for Adams Golf. According to Securities and Exchange filings, Adams will pay its founder an additional $15,000 per month for carrying the Interim CEO tag over his current base salary of $120,000. Brewer is receiving a few parting gifts from his former employer, including a $100,000 cash lump sum payment payable within 30 days.
"Chip has extensive knowledge of all facets of the golf business, particularly in the sales and marketing area, and has a real passion for the game of golf,” stated Ron Beard, Chairman of the Board of Directors. “Chip also has great relationships with customers and others in the golf industry and he has done a great job turning around and leading Adams Golf. We believe he is the right leader to entrust with our valuable brands and the Board looks forward to working with him to restore profitability and increase shareholder value."
Brewer has been with Adams Golf since 1998 and has served as its President and Chief Executive Officer since 2002. He will have more resources at his disposal in his new position than he had to work with at Adams Golf. He has proven he can deliver a profitable business on a smaller scale, relative to the investment world. "Having been around golf my entire life, I know Callaway and its products very well and I am very excited about joining such an iconic company and being part of its great heritage," said Brewer in a prepared statement. "There is a lot of opportunity ahead for Callaway and I look forward to working with the Board and senior management team to build upon the strength of its brands to restore profitability and increase shareholder value."
Callaway gains someone that has competed in the golf business for more than the past decade in both good and tough times. A majority of Adams Golf’s annual revenues, however, came strictly from the United States, where as with Callaway that hasn’t been the case and one of Brewer’s many challenges will be focused on Callaway’s international business. With his new responsibilities will also arrive a higher level of scrutiny. Brewer is being counted on to do what others previously couldn’t as CEO with Callaway. He inherits virtually the same board of directors to work with as Ron Drapeau and George Fellows had before giving way to Bill Baker (former board member) and Tony Thornley (current board member) respectively. For more details and analysis on this strategic decision be sure to catch the next issue of the Web Street Golf report.
GAME IMPROVEMENT IN A PUTTER! After 20 years of adjusting off-the-shelf putters to properly fit his students and clients, PGA Teaching Professional Norm Alberigo and the Providence Precision Golf Group (P2G2) decided to do something about it. The head professional at the Agawam Hunt Club in Rhode Island and a former advisor to Bridgestone Golf, the 48-year-old Alberigo has long held reservations about the design of modern putters. “After more than 1,500 fittings with people of all body types, it was clear that a lot of the offsets and lie angles were not remotely correct for the individual,” he explained. “And no matter the shape of the heads, the basics of putter weighting haven’t changed since Karsten Solheim created the Anser Putter in the 1960s.” Alberigo also said he found that the shafts of putters were too long for most players, and that heads were too light. The combination can lead to instability in a stroke, the poor results of which are magnified on today’s fast greens.
Alberigo is introducing the new P2G2 TopStrike Putter, a club that corrects deficiencies common to nearly all other models, according to the company. It features patented technology, the clubhead’s center of gravity is high and forward on its face, instead of near the bottom. Energy from a P2G2 stroke is transferred directly to the equator of the ball, eliminating hops, backspin and unwanted sidespin even on miss-hits, while producing a clean, pure and true roll. It already conforms to USGA rules, in case you’re wondering.
Testing existing putters against his design theories, Alberigo used Quintic Sports, high-speed video analysis equipment. The putting launch monitor software showed that clubs with a low center of gravity and 4-to-6 degrees of loft often rolled putts with undesirable spin variables. With only 2.5 degrees of loft, about 400 grams of weight and a high center of gravity, the P2G2 prototypes rolled putts consistently straight and true.
“Many top players feel they’ve exhausted their hopes of making a consistent, stable and efficient strike with putters that haven’t fundamentally changed in 40 years,” he said. “Even young players are trying non-traditional length shafts, and manufacturers are experimenting.” Critics of alternatives claim that being able to anchor the shaft against the body provides an unfair advantage. Alberigo, however, strongly disagrees. “Long putters perform better, but not because of the anchoring. What provides stroke stability for belly and long putters is the mass and weight of the larger club-heads. Now, add in a high center of gravity on the face—and a loft of less than three degrees—and you can see why we believe P2G2 is going to lead this trend.”
“Many of the top players’ misses have a direct relationship to their chosen putter designs,” he proclaimed. “I know that there are misses where they have executed perfectly but the design encourages spin characteristics associated with the miss. Inside of ten feet—on tour speed greens—requires the putter head's stability to be at its highest state. This is what separates our design. We believe that putts missed would have been holed with our design.”
Manufactured of 300 series stainless steel, titanium and aircraft-grade aluminum, the P2G2 TopStrike is being offered in three different models, all with a proprietary herringbone patterned, face. All models come standard with a stainless steel body, aluminum sole plate and titanium hosel. The Model 2025 is a standard blade putter, and the Model 2225 has a body and face identical to the blade, yet on its rear is a rectangular strike plate with arrows to provide extra visual alignment for a stroke path. Model 2425 is identical to the 2225, only with an additional semi-circle balance ring in the back, which gives it a complete mallet look. The blade sells for $250; Model 2225 costs $275; and the Model 2425 mallet goes for $295.
The P2G2 is manufactured and assembled in Laconia, New Hampshire at Welch Manufacturing Technologies, Ltd., making it one of the few pieces of golf equipment made in the USA. The clubs are available only from Providence Precision Golf and the company recommends that buyers use their web-based “Custom Club Configurator.” The process is fairly simple, as individuals are first required to select the desired model, right or left-handed. Second, with your current putter take a stance and a normal grip, and with a standard yardstick measure the distance from your bottom finger to the ground. It is recommended to do this three times to find an average, which will likely be between 20 and 30 inches. Adding your height, and which model you want (standard, belly or long putter) enable P2G2 to create a putter with a shaft length and corresponding lie angle that through the measurements that facilitates a smooth pendulum stroke.
The TopStrike putter is guaranteed to meet a customer’s expectations or P2G2 said it would refund the full purchase price, without any questions asked, within 90 days. For more information, visit www.P2G2.com.
ONLY A MATTER OF TIME? For a young man whose default mode is modesty, Rory McIlroy proved disarmingly candid on his chances of deposing Luke Donald as the world #1. READ MORE>>>
FAIR WARNING HAS BEEN GIVEN: If USGA executive director Mike Davis has his way, the record low scores at last year's U.S. Open at Congressional are unlikely to travel to the West Coast. "I am convinced that this will be the hardest start in a U.S. Open," Davis said after walking the course on a sun-soaked day along the California coast. "The first six holes are going to just be brutal. I would contend if you play the first six holes 2 over, I don't think you're giving up anything to the field." READ MORE>>>
NO WAY TO WIN: “I wish my decision wasn’t as big a deal as it is going to be but I know that as soon as I make it, it is going to be a huge deal. Whatever way I choose it is going to upset someone.” READ MORE>>>
THE BIG MISS: An excerpt of Hank Haney's new book about his time coaching Tiger Woods, written with Golf Digest Senior Writer Jaime Diaz, reveals numerous complications in the golfer's life. READ MORE>>>
ANSWERS: Robert Garrigus, via his Twitter account, said, “Got to love the world ranking system took the week off with 2 tourneys going on and moved up 3 spots?” The 89th ranked player in the world added, “Played at pebble finished 20th and didn't move I guess the gym an the couch count more then playing in tournaments. Have a feeling though if I win this week I might move up a little ;)”
Mark Wilson was last American to win the Honda Classic. It happened in 2007 and he birdied the third hole of sudden death to defeat José Cóceres. Camilo Villegas and Boo Weekley were the other participants in the four-man playoff.
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