Tiger Woods was recently named as a captain's pick for the Presidents Cup after suffering from injuries to his left knee and Achilles tendon, and going four months without completing a tournament. Woods is still going strong, and so are several of the companies that support the sport of golf.
There are a few pure plays and semi pure plays in the golfing industry? WallStreetNewsNetwork.com has come up with over ten companies involved in golf courses, golf clubs, and golf equipment on its Golf Stocks list which is available for free.
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 21.6 times forward earnings and sports a small yield of 0.7%.
Golfsmith International Holdings (GOLF) is a retailer of golf and tennis equipment and trades at 7.4 times forward earnings, and currently doesn't pay a dividend.
Here's an obscure golf connection. Fortune Brands (FO) the liquor company which offers such brands as Jim Beam, Canadian Club, and Harveys, also has a division that makes and market golf balls, golf clubs, golf shoes & golf gloves. The stock has a current price to earnings ratio of 14.9, a forward PE of 16.5, and sports a yield of 1.3%.
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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