Golf Investing

[loafer]

Any advice or experience on golf stocks around here? Is this the right time to consider adding a golf-related company to our portfolio?

[davepratt]

If anything, I would be dumping golf stocks. With the U.S. recession imminent or already underway as some experts predict, it's sure to impact our economy, allbeit hopefully to a lesser extent. Golf would become much more of a luxury item that would surely be cut by many middle income families. All of that being said, I'm sitting on a mother lode of Nortel, so what the heck do I know?

[nearace]

buy metals imo I am getting into copper now,I just sold all my bell stocks glad I did as they have dropped large with the speculation that the sale of bell may fall through ,check out this site http://www.bnn.ca/
I watch it all the time

[landlord]

Never invest with your heart. The market doesn't have one.

[Big Shooter]

...I've got some swampland I'd like to turn into a golf course.... :rolleyes:

[loafer]

I have been watching Fortune Brands for a while...they are all over the map with golf representing only a small investment. Acushnet has always been somewhat a consistent product...who doesn't like the Prov1's?

[Golfing in Ottawa]

If anything, I would be dumping golf stocks. With the U.S. recession imminent or already underway as some experts predict, it's sure to impact our economy, allbeit hopefully to a lesser extent. Golf would become much more of a luxury item that would surely be cut by many middle income families. All of that being said, I'm sitting on a mother lode of Nortel, so what the heck do I know?

Exactly!! Give up the membership or cut down on golf rounds will definetely occur.

I am sure your situation is not as bad as these people..........
http://www.ottawabusinessjournal.com/313602774457181.php

"Some former workers of Nortel Networks are so nervous about the tax repercussions of the telecom firm being sold into private hands like BCE, they hope they die before it ever happens........
Mr. Kamal was a former vice-president of Nortel in Ottawa. Prior to leaving the firm in 1999, he exercised the stock options given to him as an employee benefit but did not sell the stocks. It wasn't until he was doing his income taxes later, after the stocks had plummeted in value, that he realized he owed the government taxes on the value of the stocks at the time that he exercised them.
While he did not gain from their rise in value, he owed taxes on the amount the share price had increased – to the tune of $300,000. ":eek:

[dkedad]

Have you looked at Clublink?......
The stock is very thinly traded.
Here is a link to their 2007 financials.
Note the membership "churn".
They are currently buying back shares.....which are very thinly traded
They have lots of prime real estate
http://www.globeinvestor.com/servlet/story/CCNM.20080227.444912_1/GIStory/

[Bluefan75]

Have you looked at Clublink?......
The stock is very thinly traded.
Here is a link to their 2007 financials.
Note the membership "churn".
They are currently buying back shares.....which are very thinly traded
They have lots of prime real estate
http://www.globeinvestor.com/servlet/story/CCNM.20080227.444912_1/GIStory/

I hope it's ok to bring back an older thread, but I'm curious as to why you made the comments you did. on the face of them I get it, but it seems you are trying to have us read something between the lines....I'm considering membership option, and if you are saying what I think you are saying, then it woul have to factor in to a decision.

[dkedad]

I hope it's ok to bring back an older thread, but I'm curious as to why you made the comments you did. on the face of them I get it, but it seems you are trying to have us read something between the lines....I'm considering membership option, and if you are saying what I think you are saying, then it woul have to factor in to a decision.

The topic is investing.
When you invest you have to do your"due diligence" and sometimes read between the lines.
Mr Sahi, the CEO is a very bright guy.
Here's a link to an article Robert thompson wrote about him.
http://www.ontgolf.ca/g4g/2007/04/27/weekend-reading-rai-sahi-of-clublink/
I personally love their courses, and the concept but can only afford to go as a "guest"
If you want to buy their shares, your investing in a real estate play.
......everything hinges on what your investment horizon is.
Here is a link to their most recent financials.
http://dplus.clublink.ca/content/objects/05-07-2008%20-%20Q1%202008%20Results.pdf
The caveat.....for the second quarter in a row, is that membership sales (units) were less than resignations and terminations.
I don't believe that this is any different than at many other private/public clubs.
As the economy slows down, people make choices with their disposable income.......and many "corporations" make choices on how to reward their employees as well.
Disclosure......i'm not an "advisor" or a clublink member....

[WILL]

If anything, I would be dumping golf stocks. With the U.S. recession imminent or already underway as some experts predict, it's sure to impact our economy, allbeit hopefully to a lesser extent. Golf would become much more of a luxury item that would surely be cut by many middle income families.




I think this is extremely accurate and golf is on the decline in a big way. Oil prices have caused inflation in every aspect of our daily lives.

[Bellyhungry]

Read an interesting article in The Star this past weekend by Damien Cox.

http://www.thestar.com/Sports/article/447310

While the topic is about the Tampa Bay hockey team's draft choice, it touched on how an ex-NHLer Len Barrie and others managed to make millions investing in Bear Mountain golf resort and housing development, thus affording him the money to buy the Tampa Bay Lightning hockey team.

[Bluefan75]

The topic is investing.
When you invest you have to do your"due diligence" and sometimes read between the lines.
Mr Sahi, the CEO is a very bright guy.
Here's a link to an article Robert thompson wrote about him.
http://www.ontgolf.ca/g4g/2007/04/27/weekend-reading-rai-sahi-of-clublink/
I personally love their courses, and the concept but can only afford to go as a "guest"
If you want to buy their shares, your investing in a real estate play.
......everything hinges on what your investment horizon is.
Here is a link to their most recent financials.
http://dplus.clublink.ca/content/objects/05-07-2008%20-%20Q1%202008%20Results.pdf
The caveat.....for the second quarter in a row, is that membership sales (units) were less than resignations and terminations.
I don't believe that this is any different than at many other private/public clubs.
As the economy slows down, people make choices with their disposable income.......and many "corporations" make choices on how to reward their employees as well.
Disclosure......i'm not an "advisor" or a clublink member....

What I was getting at was more the future of CL's concept, and given that you keep mentioning real estate play, are you thinking that several of their courses are likely to be developed into housing, etc., as opposed to maintaining/adding courses? While your topic is investing, the above would also factor into a decision to join CL as I certainly wouldn't want the choices to be diminished from what they are now(for the record, I'm in London, so I would be looking at GreenHills, and then playing GTA on trips there).

I know this is just talking, so I'm certainly not going to hold you to it, but if you can't get opinions on the internet, where can you get them...:) Do you see Clublink dumping some courses and having them turned into housing or commercial space? That is more where I thought you were going reading between the lines...

[davepratt]

Do you see Clublink dumping some courses and having them turned into housing or commercial space? That is more where I thought you were going reading between the lines...
From what I've experienced owners are looking for a combination of the 2. They want to maintain the golf courses and have the ability to develop around them. It's becoming inceasingly difficult to get the housing approvals with the Province designating more and more acreage as protected land. Also a lot of courses are built on land that could not be rezoned for housing anyway.

[dkedad]

What I was getting at was more the future of CL's concept, and given that you keep mentioning real estate play, are you thinking that several of their courses are likely to be developed into housing, etc., as opposed to maintaining/adding courses? While your topic is investing, the above would also factor into a decision to join CL as I certainly wouldn't want the choices to be diminished from what they are now(for the record, I'm in London, so I would be looking at GreenHills, and then playing GTA on trips there).

I know this is just talking, so I'm certainly not going to hold you to it, but if you can't get opinions on the internet, where can you get them...:) Do you see Clublink dumping some courses and having them turned into housing or commercial space? That is more where I thought you were going reading between the lines...

Here's what Mr Sahi thinks....... his opinion is what matters. (not mine) ....just try "Googling" his name to come up with information like this Robert Thompson article that should answer your question.

http://www.ontgolf.ca/g4g/2007/05/07/sahi-on-clublink-patience-is-the-plan/

when your done that.......you can get more info reading the companies financials that are linked on their website

[Bluefan75]

Here's what Mr Sahi thinks....... his opinion is what matters. (not mine) ....just try "Googling" his name to come up with information like this Robert Thompson article that should answer your question.

http://www.ontgolf.ca/g4g/2007/05/07/sahi-on-clublink-patience-is-the-plan/

when your done that.......you can get more info reading the companies financials that are linked on their website

I've seen the financials, and it paints a double-sided picture. There are positives and negatives. The cash flow is nice, but they are bleeding members. I had seen those articles. You'll forgive me if I take what a company's CEO says. He's going to downplay, if not completely ignore, whatever may be construed as being negative, and play up the positive. If you don't have any further opinions than what you've posted that's fine, just say so.