Golf stocks in bullish market

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Golf stocks have showed staying power over the last two quarters with two companies performing particularly well.

Callaway golf has had a 45% gain and is up 12% since the start of 2018. They are up 20% in net sales and are selling a lot of equipment with higher profit margins. They are helped by their 14% ownership of Top Golf which has a worldwide value of around $2 billion netting them $290 million.

Aschunet which own Footjoy are also up 15% since the start of the year. The CEO of Bridgestine Golf has said the company has already hit their forecast for the year in April. The return to form of Tiger Woods has helped enormously bringing massive television ratings and new interest in the game.

 

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