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Web Street Golf Daily Pulse
VOLUME 9, NUMBER 215                                                       
Friday, November 8, 2019

ANY IDEA WHO SAID THIS? “I've never won this tournament. Especially at this course, I haven't had a top-3, so I need to figure out what has not gone right and do it better. I think part of that could have been that I was leading coming here and playing maybe a little more defensively than most of the time. This year I'm going to have to attack, attack every hole, attack every pin and be aggressive and hopefully it will pay off.”

BRAIN TEASER: Which of these players has held the world #1 ranking for the most weeks in their career: Dustin Johnson or Rory McIlroy?

CASH OR CREDIT? BRS GOLF by GOLFNOW has partnered with V12 Retail Finance to launch a membership finance solution that “promises to revolutionize” golf club membership payments for both clubs and golfers. The software integration allows clubs to offer golfers the ability to apply for membership finance online, directly through the BRS GOLF members booking website or mobile app. Golfers can apply to cover multiple memberships and other club or union fees. READ MORE>>>

WEB GEMS:

TURKISH DELIGHT: England’s Tom Lewis and Austria’s Matthias Schwab shared a one-shot lead after both carded a seven-under-par 65 in the first round of the Turkish Airlines Open in Antalya on Thursday. READ MORE>>>

OH CAPTAIN, MY CAPTAIN: Captain Tiger Woods selected player Tiger Woods. Solid choice. And an obvious one at that. With one of his four picks to fill out the USA’s roster for the upcoming Presidents Cup in December in Australia, Woods picked himself Thursday when he announced his selections. He will join Hale Irwin (1994) as the only playing captains in the competition’s history. READ MORE>>>

ANSWERS: “I've never won this tournament. Especially at this course, I haven't had a top-3, so I need to figure out what has not gone right and do it better. I think part of that could have been that I was leading coming here and playing maybe a little more defensively than most of the time. This year I'm going to have to attack, attack every hole, attack every pin and be aggressive and hopefully it will pay off.”--Bernhard Langer on the Charles Schwab Cup Championship at Phoenix Country Club.

Dustin Johnson has been world #1 for 91 weeks in his career while Rory McIlroy has been #1 for 95 weeks.

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

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 214                                                       
Thursday, November 7, 2019

ANY IDEA WHO SAID THIS? “I was fortunate at the end of '18, when I basically wasn't sure if I was going to keep playing, I had gone to see a new teacher, Bradley Hughes, who played out here and started teaching and my old college teammate told me to read his book or check his website out. It was a book about the yips. I read his book and booked a lesson. He kind of freed me up and gave me a couple drills to do. I took six weeks off and didn't play golf and did some drills in my basement. That really helped. It just coincided with an old caddie on the Nationwide Tour at the time, Ward Jarvis, called me and was like, I think I know what you're going through, I'm a stutterer, I have the same sort of mental breakdown that you have. He's like, I think there's away for us to work through it together. So he had me read this book that Rick Ankiel wrote. Ankiel's kind of famous for being one of the most talented young baseball players, he was in the major leagues and he was a great pitcher and he got in his first playoff game and he had like six passed balls past the catcher, like the most anybody's ever thrown in one game. He basically just like fell off the map with pitching, had to reinvent himself as an outfielder. I just continued to work with Ward and Brad on my game and I was fortunate to qualify for the RSM in the fall, shot a 61 that day to get in, made the cut, got some momentum going. Then through my 10 or 12 events out here this year, I was able to qualify for the Korn Ferry Finals. Then went through there, had a second place at the Scarlet course and got my card back and here I am now”

BRAIN TEASER: 2018 U.S. Amateur winner Viktor Hovland was the first low amateur at Masters and U.S. Open in same season since 1998. Who was the last player to accomplish the feat as an amateur?

TAKE A LOOK AT OURS: This isn’t something new but it is for the company introducing it. Wilson Sporting Goods has introduced new Wilson Staff Model Utility Irons. “The Staff Model Utility Irons will give golfers confidence on every shot and in every condition,” said Jon Pergande, Manager of Golf Club Innovation. “Originally created for our professional staff members, we are excited to bring the utility irons to golfers and believe the strong mix of distance and forgiveness will enable players to attack the course with more confidence.”

The Staff Model Utility Irons featured a hollow body with a high-strength C300 maraging steel face, according to the company. It has seven grams of weight positioned low inside the club head, promising to increase the forgiveness and ensure a higher ball flight, according to Wilson.

These Utility Irons are offered in 18-degree, 21-degree and 24-degree loft options, and will be available for purchase on Wilson.com and retailers for $229.99 per iron beginning Wednesday, Dec. 11th.

ITS ONLY A BIG BOY’S GAME? There was a time when smaller equipment companies found a way into consumer’s golf bags. Orlimar and Adams Golf represent the pinnacle of success stories for the underdogs. Perhaps, consumers will once again embrace the smaller names and Lynx Golf is hoping to be one of them. The company has added VT Stinger driving irons and Prowler Forged irons to its Prowler Collection. According to the company, the products are designed for mid-to-low handicap players.

The VT Stinger is available in 12.5 and 16-degree options, and features variable face thickness technology that redistributes weight toward the periphery of the club face to increase MOI. This is also something that has been in the market for a number of years. It has a satin chrome finish and available with either a KBS Tour steel shaft ($129) or UST Mamiya Recoil graphite shaft ($149).

The Prowler Forged irons have a high polished finish and progressive offset design. The CNC milled head includes five fixed tungsten screws, which Lynx engineers used to position mass, resulting in a lower center of gravity and increased MOI.

Blade lengths are 20% larger than the company’s previous forged offerings. Sets include 5-PW and are available with either KBS Tour 90 ($999) or UST Mamiya Recoil ($1,169) shafts. Both 3-iron and 4-iron are available to purchase separately.

“Our Prowler lines have been embraced by players around the world because they perform incredibly well and have a beautiful aesthetic that speaks to avid golfers,” says Steve Elford, CEO and co-owner of Lynx Golf. “These additions to the collection fill two spaces our customers have been asking for, a driving iron with outstanding performance and without the standard bulky look of modern hybrids, and a cavity-back forged iron that looks and feels as good as our blades, but offers added forgiveness.”

WEB GEMS:

WHAT HAVE YOU DONE LATELY? “The top of the men’s game is very equal,” McIlroy said. “We can all beat each other any given week, and to make it about two people is disrespectful to the likes of Justin Thomas or Dustin Johnson, whoever it might be. It creates a better narrative for the casual fan if it’s one guy versus another guy. But the reality is, there are 10, 15 guys that when they play their best can say they’re the best in the world.” When the year began, McIlroy wasn’t part of the conversation unless it was a long one. If anything, golf was a battle between Koepka and Johnson for the first half of the year — both had runner-up finishes in the Masters, and Johnson nearly rallied from a seven-shot deficit in the PGA Championship against Koepka until his 5-iron one-hopped over the 16th green at Bethpage Black. Johnson didn’t win the last nine months of the year. Rose was No. 1 when he won at Torrey Pines. He hasn’t won since then and now is No. 8. It’s a revolving door. READ MORE>>>

ANSWERS: “I was fortunate at the end of '18, when I basically wasn't sure if I was going to keep playing, I had gone to see a new teacher, Bradley Hughes, who played out here and started teaching and my old college teammate told me to read his book or check his website out. It was a book about the yips. I read his book and booked a lesson. He kind of freed me up and gave me a couple drills to do. I took six weeks off and didn't play golf and did some drills in my basement. That really helped. It just coincided with an old caddie on the Nationwide Tour at the time, Ward Jarvis, called me and was like, I think I know what you're going through, I'm a stutterer, I have the same sort of mental breakdown that you have. He's like, I think there's away for us to work through it together. So he had me read this book that Rick Ankiel wrote. Ankiel's kind of famous for being one of the most talented young baseball players, he was in the major leagues and he was a great pitcher and he got in his first playoff game and he had like six passed balls past the catcher, like the most anybody's ever thrown in one game. He basically just like fell off the map with pitching, had to reinvent himself as an outfielder. I just continued to work with Ward and Brad on my game and I was fortunate to qualify for the RSM in the fall, shot a 61 that day to get in, made the cut, got some momentum going. Then through my 10 or 12 events out here this year, I was able to qualify for the Korn Ferry Finals. Then went through there, had a second place at the Scarlet course and got my card back and here I am now” --Bermuda Championship, Brendon Todd.

Viktor Hovland was the first low amateur at the Masters and U.S. Open in the same season since Matt Kuchar achieved the feat in 1998.

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

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 213                                                       
Wednesday, November 6, 2019

ANY IDEA WHO SAID THIS? “A year ago I was talking to my manager about potentially opening up another business and not sure if I was going to keep playing. So to turn it around in one year and regain status and then have a big win is just a dream come true and hopefully a springboard to a really long, successful career out here.”

BRAIN TEASER: How long had it been between Masters victories for Tiger Woods?

WHILE WE’RE YOUNG! Is there any evidence anywhere that can be produced to indicate pace of play has improved by leaving the flagstick in?

HAVING A BALL! Titleist is the proverbial 800-lbs gorilla in the golf ball segment. Several have taken a run at it but never been able to cut into its market share. Nike, TaylorMade, Callaway and Bridgestone have all given it their best effort and yet consumers continue to support the #1 ball in golf. It’s been a remarkable run for the company as well as its ball business. But can it grow or has it reached its limit?

“Our Pro-V1 franchise is having a terrific year. Our year-to-date premium performance segment comprised of Pro V1, Pro V1x, and AVX has posted double-digit growth versus similar periods both last year, and also, 2017, our previous Pro-V1 launch year,” noted David Maher, President and Chief Executive Officer for the Acushnet Company.

“Looking forward, our team is excited about the upcoming launches of new performance models, and an all-new AVX golf ball in the first quarter of 2020. We are currently test-marketing a product called EXP01, which is Acushnet's first thermoplastic urethane or TPU-covered golf ball. Titleist is the market leader in the production of thermoset cast urethane covered golf balls. As we first introduced this material in 1992, with the Titleist professional golf ball, and have continued to refine and improve upon this process for the past 27 years with our Pro-V1 and AVX golf balls.

“It is being tested throughout the U.S. and Canada for many of our trade partners,” Maher continued. “It does represent our entry into thermoplastic urethane or TPU-covered golf ball segment. Just as background, it's an experimental multi-layer golf ball that delivers low spin on full shots for long-distance, great spin and control and in the quality, consistency, and durability, which every Titleist golf ball is known for. We're testing it in limited quantities. We've positioned it at $39.99, which represents about a 15% premium to over Tour Soft model,” he added.

“And that's in parity with several competitive TPU models in the market. And our thinking there is, we're committed to establishing a leadership position in this technology, which affords us the opportunity, we think to upgrade golfers who are currently planning up a certain model, either our own or a competitive model or perhaps convert golfers currently planning a competitive TPU-covered golf ball,” said Maher. ”So, as we think about that market opportunity, if you look at the market, call it a retail, $25 to $45, it's roughly 40% of the market opportunity of the total U.S. golf ball market opportunity varies around the world. And we think, we have an opportunity to grow our share of that business through this process technology and through what we believe will be a meaningful performance upgrade to our line. We have been working on it for quite some time in the lab. We're not yet prepared to talk about where we go with it because we've yet to finalize plans. But we do anticipate launching a product off of this platform at some point in the middle of 2020.

“We believe this cast urethane process expertise is an important competitive advantage for Titleist, and we'll continue to invest heavily in this technology, as we pursue future innovations behind Pro-V1 and AVX. And it is our intent to also establish a similar leadership position in TPU-covered golf balls, as we believe this will strengthen the Titleist golf ball product line outside of our Pro-V1 and AVX franchises. With the EXP test-market, we will gain useful insights around this market opportunity and expect to introduce this new technology sometime in 2020.”

GO DIRECT? Acushnet was asked recently whether it intends to test deeper waters regarding the direct selling of its popular golf ball franchise. “We have a very broad and what we see to be advantageous distribution network. We've got a lot of terrific partners who do a great job. Golf balls are readily available virtually wherever the game is played, and at a whole lot of other golf specialty partners. So, we've got a broad distribution platform and we benefit from that,” said David Maher, President and Chief Executive Officer for the Acushnet Company. Year-to-date, Acushnet has recorded $435.9 million in golf ball sales. In 2018, it was $524.0 million. The ball category has historically generated the largest portion of Acushnet’s sales and profits.

“We benefit from the endorsement of so many of our trade partners. That said, we acknowledge and recognize that there are simply many, many consumers who prefer to buy direct. In the U.S., we've been selling golf balls direct through My Titleist, which has been our custom platform for the last few years. And while that continues to grow nicely, it is a small part of our business, and we anticipate it continuing to be a small part of our business, although, we do expect it to grow nicely.

“That's the framework for how we think about the ball business online. We've exported that around the world and we're still in the process of exporting that around the world with the primary focus being customization. We do think e-commerce lends itself to a really good consumer experience in terms of purchasing custom golf balls. But we're selling direct in many markets. We really like the business. It's going well for us. But again, I will acknowledge, it remains small, and again, probably should (remain) small given the robust trade network that we have.”

WEB GEMS:

NORMAN’S NOSE OUT OF JOINT: “Very few people know this: when Tiger won the Masters this year, I wrote him a handwritten note and drove down my road, maybe a quarter of a mile, and hand-delivered it to his guard at his gate. I never heard a word back from the guy Maybe Tiger just dislikes me.  I played nine holes with him at his father’s and IMG’s request when Tiger was 14 or 15 and I was the No. 1 player in the world, to give an assessment of this kid. So, I have always been willing.” READ MORE>>>

ANSWERS: “A year ago I was talking to my manager about potentially opening up another business and not sure if I was going to keep playing. So to turn it around in one year and regain status and then have a big win is just a dream come true and hopefully a springboard to a really long, successful career out here.”--Bermuda Championship, Brendon Todd. He began last week at No. 525 in the Official World Golf Ranking; projected to moved to 185.

Tiger won his first Masters in 14 years, bettering the record for most years between Masters victories: 13/Gary Player/1961-1974

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

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 212                                                       
Tuesday, November 5, 2019

ANY IDEA WHO SAID THIS? “I was always the youngest to play, whether it be at my home golf club or in competitions. So I was always playing with people that were better than me. You don't have to not like the person that you're playing with, but I think it's a wonderful piece of advice to find people that are better than you and to play with them, because it shows you what you need to do to get to that next level.”

BRAIN TEASER: Tiger won first major championship in 11 years in April at the Masters. Can you name the last player to go 11 years between major victories?

ALL FORE ONE AND ONE FORE ALL! Your handicap may be changing even if you haven’t played in a while. The World Handicap System (WHS) will launch in January 2020. The purpose behind the exercise is to indicate the score a golfer is “reasonably capable” of achieving the next time they go out to play.

MORE TO COME: Often times FootJoy’s business is overlooked within the realm of the Acushnet Company. Year-to-date, it has delivered $357.6 million in sales, which only trails Acushnet’s golf ball business in terms of revenue generated by the company.

“FootJoy is having a very nice year, particularly, in the U.S,” said David Maher -- President and Chief Executive Officer for Acushnet. “And you will see in 2020, that this will continue with some line expansions. We also have some launches planned in some of our more premium models, the Tour-S, as an example, will be followed on by the Tour X shoe, a new offering that we'll launch later this year, early into next year, and in some other footwear models that we're excited about. Can we grow the FootJoy business at an accelerated rate? We're very confident with what FootJoy has in the pipeline. We're confident that we are positioned to gain, share, and grow.”

BUILD OUT: Callaway is giving its TravisMathew brand some room to grow. According to the company, year-to-date, it is delivering double-digit growth even though it did not provide its revenue generated back to the parent company. However, it sees more opportunity than is present.

“This year we began the process of launching the TravisMathew brand in the U.K. and Japan,” said Callaway Golf CEO, Chip Brewer. “The Japan launch occurred during Q3, leveraging our local Callaway Apparel business and our partnership with a local star golfer, Ryo Ishikawa, who wore the brand during a recent tournament. As luck would have it, he went on to win the event, thus making our strategy look particularly smart. Needless to say, the sell-in promotion and sell-through on this launch have all been viewed positively. The revenue here represents small numbers at present but is a positive start.”

WEB GEMS:

NOTHING STAYS THE SAME: For the first time in 26 years, Phil Mickelson is not among the top 50 golfers in the world. READ MORE>>>

ANSWERS: “I was always the youngest to play, whether it be at my home golf club or in competitions. So I was always playing with people that were better than me. You don't have to not like the person that you're playing with, but I think it's a wonderful piece of advice to find people that are better than you and to play with them, because it shows you what you need to do to get to that next level.”--Rory McIlroy.

Tiger won first major championship in 11 years at the 2019 Masters. The last player to go 11 years between major wins was Ben Crenshaw (1984-1995 Masters).

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

 

 

 

 

 

golfbiz

Web Street Golf Daily Pulse
VOLUME 9, NUMBER 211                                                       
Monday, November 4, 2019

ANY IDEA WHO SAID THIS? “I try 100 percent over every shot, I think because I realize I don't have as much time left as I used to when I was 20.”

BRAIN TEASER: Dustin Johnson is quietly moving up the all time list of wins in consecutive seasons at 12. Two players each recorded wins in 17 consecutive years. Can you name them?

WHAT’S THE FACT JACK? When you back out the Jack Wolfskin sales ($134 million) from Callaway’s third quarter ($426.2 million), it said it was 5% higher from 2018 Q3 and 6% for the first 9-months of 2019. If you were to then to back out the contributions of TravisMathew (acquired in August of 2017) or OGIO (acquired in January 2017), which are unknown it leaves one to wonder whether the company is still ahead of last year with its core business of equipment sales?

WHAT DO YOU WANT TO BE WHEN YOU GROW UP? Callaway is known as a premium equipment company. With its acquisition of Jack Wolfskin a year ago, is it looking to transition itself into an outdoor lifestyle brand?

TIGER, TIGER BURNING BRIGHT: It could be argued (effectively) that Tiger Woods’ victory at the ZOZO Championship was much more impressive than his victory at the 2019 Masters. Why? Aside from spotting the field a head start with his opening three bogeys, he steamrolled over everyone after that. He was co-leader after the first round and never relinquished the lead from that point forward. His lackluster play at the MGM Resorts The Challenge: Japan Skins, the weekend before one could further argue helped to get him game ready for Accordia Golf Narashino Country Club.

Woods’ victory at the Masters was aided by others who stumbled at an opportune time in the fourth round. In Chiba, Japan, no one could touch him as he made 27 birdies, seven more than any other player in the field! With the PGA TOUR embracing gambling, it should be very interesting what the “smart” money has to say about Woods when the TOUR heads to Augusta once again.

MUCH ADO ABOUT NOTHING? Anyone else have the feeling the impending USGA/R&A distance report, scheduled for release in February 2020 is something about nothing? Wonder if there will be a betting line, endorsed by the TOUR, regarding a potential roll back? The TOUR is betting (no apologies for the pun) that the advent of gambling will engage a younger audience to its product. It is then implied that this would in turn help to “grow” the game.

HISTORY REPEATS ITSELF AGAIN! In November of 2000, golf industry leaders gathered at the World Golf Village to participate in a conference named GOLF 20/20. Then PGA TOUR Commish, Tim Finchem stated, “The fan base continued to grow. Our television ratings are up. We did do some very exciting research at GOLF 20/20 this year and are learning more about our fan base. Just to give you one example, we've seen an increase in 400 percent in the size of the Hispanic interest in our fan base over the last three years.” There was a hope that golf would one day be as popular as football for those of us in attendance. For those that don’t already know, GOLF 20/20’s name implied it would reach its goal by the year 2020.

As we are inside 60 days from 2020, history doesn’t support the notion that it came anywhere close to the original goal. Golf, as an industry is in fact not as big as it was 20 years ago! For those that can remember there was a retail contraction in the industry as well as the decline of recreational players impacted in part by the financial crisis of 2008. Recreational rounds played have essentially been flat lately, if not down over the two decades, which only makes historical equipment sales even more astonishing. Companies have found ways to produce the same or sometimes more, from actually working with less!

WEB GEMS:

DO YOU AGREE BROOKS? “When he’s on, I’d say he’s arguably the best player in the world,” said Schauffele. “He made me play better. I know what I need to do to become a better player.” READ MORE>>>

GOTCHA: Nelly Korda won the Taiwan Swinging Skirts LPGA in a three-way playoff on Sunday, giving her caddie Jason McDede bragging rights over his fiancée Caroline Masson. In a rare co-incidence, Korda beat Masson in the playoff. READ MORE>>>

ANSWERS: “I try 100 percent over every shot, I think because I realize I don't have as much time left as I used to when I was 20.”--30-year old Rory McIlroy

Only 7 players in PGA Tour history have 10 or more consecutive seasons with wins. Arnold Palmer and Jack Nicklaus did it for 17 years. Billy Casper did it for 16 years and Lee Trevino and Tiger Woods each did it for 14 years.

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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