BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Is Aldila's complaining about the golf market believable?]]>http://www.bloggingstocks.com/2008/05/08/is-aldilas-complaining-about-golf-market-believable/http://www.bloggingstocks.com/2008/05/08/is-aldilas-complaining-about-golf-market-believable/http://www.bloggingstocks.com/2008/05/08/is-aldilas-complaining-about-golf-market-believable/#commentsFiled under:

Last month I wrote about the resilience of golf in the face of a struggling market for many other consumer product companies. But when struggling golf shaft maker Aldila (NASDAQ: ALDA) announced an 18% decline in first quarter sales of its shafts, the company was quick to blame the economy.

"A weakening economy and decreased industry retail sales compared to last year impacted our sales," said Mr. Peter R. Mathewson, Chairman of the Board and CEO. "Market participants appear to be taking a cautious approach to 2008. While we are disappointed with our sales we did remain profitable and we believe we are well positioned for the back half of the year. Production for new programs in which we will participate should begin during the late third quarter and should be in full swing during the fourth quarter," Mr. Mathewson said.

Continue reading Is Aldila's complaining about the golf market believable?

Is Aldila's complaining about the golf market believable? originally appeared on BloggingStocks on Thu, 08 May 2008 19:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ALDAAldilacallawayELYGolfThu, 08 May 2008 19:30:00 EST<![CDATA[Are golf stocks a good bet for a troubled economy?]]>http://www.bloggingstocks.com/2008/04/23/are-golf-stocks-a-good-bet-for-a-troubled-economy/http://www.bloggingstocks.com/2008/04/23/are-golf-stocks-a-good-bet-for-a-troubled-economy/http://www.bloggingstocks.com/2008/04/23/are-golf-stocks-a-good-bet-for-a-troubled-economy/#commentsFiled under:

With the generally gloomy outlook for the economy and consumer spending, many investors are looking for "recession-proof" industries and companies: tobacco, gambling, alcohol, and pornography (you have to find something to do if you lose your job!).

But how about golf? The latest issue of GolfWeek asks the question, Is golf recession-proof?

Gordon Dalgleish, president of Perry Golf, told GolfWeek that "We can think of no other consumer-oriented business that is as insulated from the effects of general economic conditions other than beer, cigarettes, and perhaps video games."

Gilford Securities analyst Casey Alexander added that golf is "more recession resistant than other consumer-oriented activities ... A weak economy rarely has much negative impact on overall golf spending, just as a strong economy rarely has a positive effect on overall golf spending."

Continue reading Are golf stocks a good bet for a troubled economy?

Are golf stocks a good bet for a troubled economy? originally appeared on BloggingStocks on Wed, 23 Apr 2008 17:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Adams golfAdamsGolfADGFALDAAldilaCallawayELYGolfWed, 23 Apr 2008 17:40:00 EST