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Golf Stocks in the Rough

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  • Description

    FBN’s Robert Gray on the golfing industry and the struggle those stocks face.

  • Duration 2:07
  • Date

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This transcript is automatically generated

Decade yeah -- technologies in the age builds warm actually help the industry get.

In the green -- -- -- the.

Now tiger's back you know and its senior talked to golf insiders who follow the industry and track it.

Tiger when he's winning in back in the scene.

It's good for the game in the terms of people watching the but it doesn't really get more people out on the course -- -- they've actually track that back in 2000 you have more golfers just had a very robust economy.

It's an expensive sport which of the number of golfers -- from thirty million back in about 26 million now.

But if you look at the sales.

They're really in the roughing it is a bad pun but then it's been as you said a rough decade here lately I think we have -- -- -- they could see.

Where they peaked in 2007 right along with the stock market two point anyone billion -- -- -- golf these are equipment sales here.

Right now we're back to levels seen in 2003.

Two point 41 billion dollars here so.

Clearly what we're seeing is something akin to what's happening with automobiles.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hundred degree plus down south all summer -- he didn't have as many rounds even though consumer sentiment was better spending was better to this year what you see is a huge uptick -- -- public courses actually more than private you're seeing sort of the because they're cheaper whether cheaper but you're seeing people -- -- more -- what you're seeing is.

This technology dinner reducing GPS -- watches all these GPS gizmos because.

Helping you T well if they don't have -- they'll be no where you are but they also -- debt we -- not dad's got once of the -- is hoping.

That you know that's the you know whether debt at a driver -- he may not have a GPS device are hoping these -- to help to up.

Kick upside -- now I think -- along with a replacement cycle I think these could even have.

You can play nine holes that we always abide by our.

If first time I went out -- golf course -- -- -- -- -- I went to my thing ample that the club with a.

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