+ Reply to Thread
Results 1 to 4 of 4
Thread: Watching the market
-
07-14-2005 02:38 PM #1
- Join Date
- May 2005
- Posts
- 118
Watching the market
Buy more or sell?? I have been watching GolfTown's trust unit (I actually own it at $10 from their IPO). It hit a high of $13.25 but has fallen off to $10.25 and hit a low of $10.01. One thing I know for sure is that the market is never wrong. I have heard grumblings in the past about the problems GolfTown has been experiencing but never gave it much thought. Are they really cash strapped? The market is interpreting the rumours as true.
G
-
07-14-2005 04:17 PM #2
Although I don't know GT's specific financial situation, you have to keep in mind that markets tend to reflect rumours - or rumours reflect the market - depending on your point of view. It's a class 'chicken or the egg' type scenarios. A better way to dictate GT"s future prospects would be to examine their financials, and seeing as they are public (I assume) and you own a portion of the company, you are privy to such information. This will answer all your questions regarding the cash flow, future earnings potential etc.
-
07-14-2005 05:28 PM #3"Richard"Guest
I have a friend who works at the one in toronto and he is one of the shift managers. He says the store is hurting. Alot of people are turning to ebay for their clubs. They can't complete with that.
-
07-15-2005 10:13 AM #4
- Join Date
- May 2005
- Posts
- 118
Thotho, thanks for your insight. I also figured that with their rapid expansion their costs would be astonomical. Golf is a mature industry and the only way to increase sales is to gain market share (expand).
Markets only react short term to rumours but always react long term to their fundamentals, that is what scares me.
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Similar Threads
-
Anyone watching Big Break?
By John in forum General Golf TalkReplies: 58Last Post: 08-24-2010, 10:51 AM -
Watching the Pros
By hackzaw in forum General Golf TalkReplies: 8Last Post: 07-31-2007, 08:09 PM -
Watching the LPGA
By sensfan63 in forum Tour TalkReplies: 9Last Post: 04-03-2006, 12:13 PM -
My wife is watching
By Kilroy in forum Golf JokesReplies: 0Last Post: 06-25-2005, 11:51 AM -
People watching you tee-off
By leftylucas in forum General Golf TalkReplies: 17Last Post: 06-14-2005, 02:25 PM