| Shop For Discount Golf Clubs - Click Here |
True Temper Loses $170 Million in 2008
April 2, 2009
True Temper, ubiquitous maker of steel golf shafts reported a loss of $170 million in 2008.
Weirdly, it also reported that it reached a sales record of $123 million in the same year.
Not sure how you pull that one off.
Thanks to reader Martin for the tip.
Golf Blog Category:
Business
Interact:
Permalink |
Start a Forum Post on this topic or other golf topics |
Email this entry
Legal Information, Privacy Policy, Comment Policy and Disclaimers
Comments
I am an IT guy now, but Finance was my major in college. I am going to have to review the filings, because for the life of me, I can’t recall what “goodwill impairment” charges might be.
Posted by martin on 04/02
Definition of goodwill impairment here:
http://www.appraisaleconomics.com/goodwill-impairment.htm
Maybe I’m wrong but it sound like True Temper has a large amount of goodwill, but with golf overall getting taking an economic hit, its goodwill isn’t worth as much.
Posted by Pappy on 04/02
Post a Comment:
Note: All comments are moderated. Spam comments, ESPECIALLY those hawking Christian Louboutin, Uggs, Wilson Tennis Rackets and Nike Zoom shoes simply will not get through. So don't bother.