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Home Daily Golf Briefs Daily Pulse for April 2, 2018

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Web Street Golf Daily Pulse
VOLUME 8, NUMBER 64                                                         
Monday, April 2, 2018

ANY IDEA WHO SAID THIS? “Day one was extremely frustrating from a putting standpoint. I was very frustrated Thursday night, packed my suitcase to potentially go home Friday night. Started early on Friday morning didn't really have a lot of time to putt before the round of golf, obviously just playing the 18th. Felt something in the couple of putts that I did hit, just opened my shoulder slightly. From that point I've been able to stand over the putts, I've been seeing my lines a lot easier and been rolling a few putts in. So good golf has been rewarded obviously with rolling a few putts in. I'm in a funny position, right? I said to you guys I've got no expectations going out on the golf course. I didn't have any, I just went out to play golf. I'm going to do exactly the same tomorrow regardless of whether I'm leading or not. I know I'm going to have quite a few chances tomorrow and I'm going to need to take them. I haven't won a stroke play event on the PGA TOUR and I'm in a position where I've got an opportunity to.”

BRAIN TEASER: The two riches members of Augusta National are reported to be worth a combined $174.9 billion. Who are they?

HOW’S BIZ? O-Ta Precision Industry Co., which makes golf club heads and putters, said it made a turnaround last year and announced plans to cut its capitalization by 30.89 percent to adjust its capital structure. Thanks to one-off disposal gains from selling its operations in Shenzhen, China, in the third quarter of last year, the company’s full-year earnings per share reached NT$8.74, improving from net losses per share of NT$1.83 in 2016. The firm said it is positive about this year’s market demand amid a recovery in the world economy, expecting the golf industry to grow at a compounded average growth rate (CAGR) of about 3 percent from 2015 to next year, citing estimates by California-based market research firm Frost & Sullivan. The Greater China region is forecast to outperform the global market and grow by a CAGR of 8.3 percent over the same period, the company added. READ MORE>>>

WEB GEMS:

WHAT WILL YOU REMEMBER? Billy Payne likes to talk about a key piece of advice he received from his predecessor as chairman of Augusta National Golf Club and the Masters Tournament. “I remember Hootie (Johnson) told me when I became chairman, you’re going to be judged by how much money you lose on the concession business,” Payne said with a laugh. “The more you lose, the better you’re going to be loved.” Payne, who oversaw the club and tournament from 2006-2017, stepped down in August and was replaced by Fred Ridley. Payne has assumed the title of chairman emeritus. Judged solely on concessions, Payne was a resounding success. READ MORE>>>

ONE OF THE MEN BEHIND THE MASTERS: Friday 30, September 1977. The Augusta Chronicle’s front-page headline is profound: “Roberts found dead; Masters co-founder.” As detail is subsequently relayed, that the 83-year-old chairman of Augusta National had been discovered on the property with a self-inflicted gunshot wound, the widespread perception of Clifford Roberts is easy to detect. The Roberts story is not one anyone in Augusta is encouraged to revisit, for pretty obvious reasons. Nonetheless, his role in the formation of not only a club but also one of sport’s most identifiable events is a fascinating one. It is generally overlooked. READ MORE>>>

DON’T HOLD YOUR BREATH: Tiger burning bright but not enough to win says Butch Harmon. READ MORE>>>

ANSWERS: “Day one was extremely frustrating from a putting standpoint. I was very frustrated Thursday night, packed my suitcase to potentially go home Friday night. Started early on Friday morning didn't really have a lot of time to putt before the round of golf, obviously just playing the 18th. Felt something in the couple of putts that I did hit, just opened my shoulder slightly. From that point I've been able to stand over the putts, I've been seeing my lines a lot easier and been rolling a few putts in. So good golf has been rewarded obviously with rolling a few putts in. I'm in a funny position, right? I said to you guys I've got no expectations going out on the golf course. I didn't have any, I just went out to play golf. I'm going to do exactly the same tomorrow regardless of whether I'm leading or not. I know I'm going to have quite a few chances tomorrow and I'm going to need to take them. I haven't won a stroke play event on the PGA TOUR and I'm in a position where I've got an opportunity to.”--Ian Poulter after the third round of the 2018 Houston Open.

Bill Gates and Warren Buffet are believed to be the two riches members of Augusta National, with a combined net worth of $174.9 billion.

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