Wake
Active member
It's certainly up there, I have had more than one person say "isn't top flight one of the best brands". I wouldn't be surprised if was in the top 5 among casual golfers.
Callaway Sells Top-Flite
It's certainly up there, I have had more than one person say "isn't top flight one of the best brands". I wouldn't be surprised if was in the top 5 among casual golfers.
Damaikis
Fairway Finder
Interesting. I think it's a good pick-up for Dick's.
DonJuan
Well-known member
I'm worried about my beloved Gamer v2. Hopefully, they will keep it around.
thedue
Another Day in Paradise
Yea, I would think name brand awareness would have a lot of "Blue Sky" attached.
Well this can only be a good thing for Top Flite right? I mean yes the gamer v2 is a good ball, but the rest of the stuff could use a facelift. Maybe dicks can provide that
Tapa Slice
Tapa Slice
- Thread starter
- Admin
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Macgregor is owned by Golfsmith.
TripleBogieTim
Long lost sheep
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It's probably pretty high on the brand awareness list....especially among non-golfers because in every Wal-Mart, Target, K-Mart or any other department store you can count on a couple of brands of balls and gloves being sold....and Titliest and TopFlite are always in that group, so to the casual person who doesnt frequent "golf shops" or read golf only magazines or websites it definately has to be very high on the brand awareness list.
The way I remember it Top Flite was purchased for the Hogan name and the golf ball Tech.The Gamer V2 will either be renamed as a Callaway ball or disappear.Generally speaking a transaction like this is for the name only not the products and Technology.
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You're probably right, they sold the Hogan brand earlier this year as well.
the_paulo
Euro target practice
Meh, Top Flite hasn't meant anything to me in golfing terms for about 15 years now. I don't even think we get the balls over here since Callaway bought them.
Maxfli Gamer U/2 Raw, anyone?
mikedean441
6X HOF
that is correct
Nasdamus
Member
I had just bought a ton of the gamer v2 and actually love them. I think this will be a really good thing for top flight. I was in a Dick's last night and they're really pushing the Maxfli line of theirs. You walk in the area and there's large marketing signs explaining the different types, conditions etc. of each ball. To the casual golfer, that explanation and price point is everything.
Hanks
On the Fringe
without knowing any insider details, I would say this is nothing more than taking .25 on the 1.00 rather than getting 0 on the 1.00. Using co. resources I pulled up their financials and they're worse than I thought..here's some boring financial details that support your worries
| Growth | 5-year annual revenue growth > 15% | (0.4%) | Fail |
| 1-year revenue growth > 12% | 3.4% | Fail | |
| Margins | Gross margin > 35% | 39.4% | Pass |
| Net margin > 15% | (0.2%) | Fail | |
| Balance sheet | Debt to equity < 50% | 0% | Pass |
| Current ratio > 1.3 | 3.37 | Pass | |
| Opportunities | Return on equity > 15% | (0.3%) | Fail |
| Valuation | Normalized P/E < 20 | NM | NM |
| Dividends | Current yield > 2% | 0.5% | Fail |
| 5-year dividend growth > 10% | (32.2%) | Fail | |
| Total Score | 3 out of 9 |
Hanks
On the Fringe
basically they have more debt than cash, they have no ROI, and the stock makes no money. Like Jim Kramer says....SELL SELL SELL
If they were any other co besides a golf co. they'd be prime for a buyout orr takeover. thing is the golf industry is in a real downturn financially speaking so no one would want to take a big chance like that now. Well, adidas or Nike could actually but that's for another topic....
If they were any other co besides a golf co. they'd be prime for a buyout orr takeover. thing is the golf industry is in a real downturn financially speaking so no one would want to take a big chance like that now. Well, adidas or Nike could actually but that's for another topic....
One could argue that a value investor like Warren Buffett would look at buying their stock in this downturn. Problem is there isn't a catalyst (or hopeful one) that I can see that would lead to some growth. I think there is a good deal of value left in the name, just nothing to trigger the growth that Wall Street needs. Hopefully the new leadership can turn it around without liquidating too many assets.
Well that makes two things I've learned. One, Callaway sold Top-Flite. Two, Callaway owned Top-Flite. Somehow, the Callaway balls in my bag feel a little cheaper knowing they were somehow associated with Top-Flite. JK, I actually hit a lot of top-flite balls I find lying around. While they perform as expected for a cheap ball, they feel soft to hit, and that's about all I look for in a cheap ball.
But it gets me thinking, do you remember when Top-Flite was one of the top balls in golf? I mean, the Magna???.....Anybody?:confused2:
~Rock
But it gets me thinking, do you remember when Top-Flite was one of the top balls in golf? I mean, the Magna???.....Anybody?:confused2:
~Rock
the_paulo
Euro target practice
I remember Top Flite being one of the first to come out with the angle that a ball will fly at different trajectories. The XL 2000 high trajectory seemed to be everywhere.