trwright re: ADGO. ADGO is everything you said, but the company is quiet and boring. Their IR Dept. is more tight-lipped than the CIA black ops. division. I talked to them last summer about their lack of PR and asked why they were so quiet. They told me it was because they were waiting to have a solid track record of trailing earnings before they began to actively promote the company. They have a new line of clubs out this summer that sport the newest innovations in golf clubs. I don't know a lot about clubs either, but as I understand it Adams clubs are a high quality alternative to the outrageously priced clubs of Calaway, Ping, etc., etc.. Adams clubs serve the middle market...a Callaway driver can run up to $500.....an Adams driver is something like $200....and as a cheapie....I paid $400 for my whole set of custom-sized "knock-off clubs".
Also the last PR indicated they are going to realize a one-time gain of something like 900k in the 4th quarter for an insurance payment from an employee theft incident. This should pad the numbers for their seasonally weakest quarter. Then the launch of the new club line should help increase sales....and hopefully profits....if it's a good buying season for clubs.
Disclosre: I've been in from $1.55 for a year now.
GLTY
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
