With Taylormade-Adidas doing pretty well during this economic crisis, a number of industry experts are questioning their interest in buying Ashworth, which would include covering $46.3 million worth of debt. Gene Yasuda and Adam Schupak provide the scoop over at Golfweek, quoting one industry analyst as saying...
“Without the Callaway business, Ashworth is not worth what TaylorMade paid for it,” said Casey Alexander, a special-situations analyst for New York-based Gilford Securities. “Ashworth is worth nothing more than its trademarks.”
