Golf Clothes Maker Ashworth May Sell Company; Stock Plunges 21.6 Percent

Carlsbad golf clothing maker Ashworth Inc. announced late yesterday afternoon (Sept. 9) that it is "exploring strategic alternatives, including the sale of the company" -- generally, an announcement that a company is fishing for a buyer. The stock is now sharply cheaper for anyone thinking of a purchase. It is down 21.6 percent this morning (Sept. 10) to $3.13. The company announced yesterday afternoon that for its third quarter it lost $9.6 million, or 65 cents a share, down from a loss of $5.6 million or 39 cents a share a year earlier. Revenue declined 9 percent to $45.2 million.


Response to post #1: You point out the vagaries of any company making and/or selling fashion goods. The only variable is fickleness. If you guess wrong, it can be fatal. Best, Don Bauder

Do they still sell knickers? Actally, golf fashion is changing again and Ashworth isn't leading the change. New clothes with lighter fabrics, modern designs and splashy colors are taking over the courses. Quagmire, Verterra Sport, are some of the up and coming lines. Golfer are tired of looking the same, in solid colored and simple patterned polo styles.

Look for crossover from the surf and skater wear look to start influencing golf wear.

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