The NYSE reaction to Callaway’s Q3 results (a loss of $48m as against $32m last year) was a small gain in the share price – an indication that the figures were better than some had expected and perhaps a vote of confidence in the Company’s turnaround plan.
Many golf business people are extremely worried that the next few months are going to bring much bad news. They may well be right – 2012 has been a very difficult trading year and we all need to be working on our ‘turnaround plans’.
We commend the underlying theme of the EGCOA Conference next month: “Recreating the golf business” to explore new and creative ways to run more profitable and efficient golf facilities.
Geoff Russell, Editor