Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Golf Stocks to Watch

Details

  • Description

    FBN’s Robert Gray on the outlook for golf stocks as equipment sales begin to pick up.

  • Duration 1:58
  • Date

Clips

Also in this playlist...

Closing Bell

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- but listen.

We know this is the game is really had a rough go of it no pun intended over the past a decade -- so you can look at the sales is a 25 billion dollar industry.

But he factoring greens fees and an apparel and also of course the clubs the equipment sales -- really dropped off during the Great Recession.

Picking back up slightly part of this akin to what you'll see with automobiles -- -- people keeping their cars longer driving them longer same situation with golf because the quite frankly.

They're playing -- -- -- we saw the rounds really dropping off a lot until.

This year we're -- as he rounds picking up particularly on public courses.

They're less expensive it also shows that people who aren't members -- -- -- already paying dues are coming back to the course.

We also know what they're buying according to golf -- -- -- there's they're starting to buy.

Clubs and that is helping to drive sales of clubs are coming back but they're also introducing.

A lot of new technology -- getting into the game with a GPS watch Motorola for the first time getting involved as well.

With the moto active they -- Bubba Watson just a couple of weeks before.

He won the masters they got him on the cheap no one else probably get in that -- extensively.

But you look at the sales growth there you see the stocks mixed in today's session but -- growth.

For the pure plays not as good at sales at sporting goods they see the annual annual proceeds group.

Growth if you well in 2011 much higher than had been a couple of years prior rough returns for shareholders in these firms but that's the reason.

You're seeing the likes of -- doing better because yes they do operate 81 golf galaxy store -- but.

-- -- people are buying other sorts of sporting goods as well and that's why -- company like Nike doing better than say Callaway which is all about golf and golf only.

-- but let's take a quick look at we can at some other Father's Day types docs if you go.

All time highs here Brown-Forman and WD-40 laughter you we've been music -- forty holiday may be need a break with the brown Foreman products and up to treat these stock split yesterday by the way and -- last but not least quick look at some of the us Home Depot and -- Harley -- dad doesn't need data and a little -- maybe some maker's mark but some wildly I.

Load More