Thursday, September 07, 2006

How does your boss play?

This week Golf Digest revealed it's list of CEO's with the lowest handicaps and how that supposedly relates to a depressed stock price for the company of the CEO.

I say supposedly because it doesn't take into account other outdoor activities.

Since Golf Digest is owned by privately held Advance Publications (think Conde Nast) and the CEO is uber-rich (7.5 billion by Forbes' measures) media mogul, and Univ of Syracuse dropout Donald Newhouse, I felt to be fair we should look at other outdoor activities he and other CEO's employ, and see how that relates to there stock price.

Clay-shooting: I'd like to see a breakdown where stock price and a CEO's high shooting percentage is related. Firearms-maker Sturm Ruger's CEO Wm. Ruger must be dead-eye-Dick at clay shooting, because his stock is down 25% YoY.

Tennis: I'd like to see a correlation between stock price and CEO's ace-count on opposing players. Golf and Tennis reseller Golfsmith's CEO Jim Thompson must be an Eagle-eye for the white line because his stock (in which I warned Daily Slice readers) is down a whopping 35% since its IPO in June.

Finally, let's look at deep-sea fishing. Do you think there is a relationship between hauling in the big one and low stock price?
Yep, there is: CEO Wm McGill of MarineMax (resellers of high-end yachts like Hatteras) must have tons of fish stories because his stock price is off 40% YoY.
(He must save his biggest fish stories for his stockholders).

There you have it. Apparently golf is not the only leisure-time activity that creates a cratering stock price. It's all outdoor activities.

I just wanted to set the record straight.

Thanks for reading. Keep it in the short-grass,


No comments: