In my opinion shares of Callaway Golf (ELY) are getting very close to the liquidation value of the shares. Here is a quick back-of-the-envelope attempt to kill the company using the statements of the 2010 annual report: According to this rough estimate, the per share liquidation value is in the region of $5 which would … Continue reading Profile: Callaway Golf (ELY)
Website: Adidas-group.com Factsheet: (link) Industry Profile: (link) Sportgamma.net articles on Adidas Back-of-the-Envelope Valuation Currently, the shares of Adidas AG. seem to be fairly valued. Using the takeover bid price of Timberland as the most recent real market multiple for a company in the sport apparel & footwear industry, we come at a fair value of … Continue reading Profile: Adidas Group AG.
Adams Golf (ADGF) has been showing up on value sceens for some time now, athough the stock has appreciated a great deal in the last year or so (when it was popping up on net-net screens). Barney Adams is the founder of Adams Golf and credited with the innovation of the hybrid golf club. Although … Continue reading Nugget: Adams Golf