Scientists at the University of Maine have developed environmentally friendly golf balls made out of discarded lobster shells from the canning industry. The lobster balls, which appear to work as well as regular golf balls, will dissolve in water after a week. So they are made from recycled materials and are biodegradable.
Which leads us to wonder, are there any pure plays or semi pure plays in the golfing industry? WallStreetNewsNetwork.com has identified over ten companies involved in golf courses, golf clubs, and golf equipment on its free list called Golf Stocks.
There is the noted Callaway Golf Co. (ELY), which makes and sells golf clubs and and golf balls, including the Big Bertha line, the RAZR, and the Diablo Octane golf clubs. The stock trades at 18.3 times forward earnings and sports a small yield of 0.6%.
Golfsmith International Holdings (GOLF) is a retailer of golf and tennis equipment and trades at 16.3 forward earnings, but does not pay a dividend.
Most investors think of Fortune Brands (FO) as a liquor company, which offers such brands as Jim Beam, Canadian Club, and Harveys. However, the company also has a division that makes and market golf balls, clubs, shoes & gloves. The stock has a current price to earnings ratio of 20.0, a forward PE of 16.8, and pays a yield of 1.2%.
For a free list of golf stocks, which can be downloaded, sorted, and updated, go to WallStreetNewsNetwork.com.
Disclosure: Author owns ELY.
By Stockerblog.com
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