"So a golf company purchase is a long shot -- at best."
/Mike Stachura and E. Michael Johnson consider the possible options for an Acushnet sale or spin off and conclude that private equity or Asian sporting goods will be the likely suitors. There was this on the bottom line...
But more importantly, Titleist has real profits and real dominance in the marketplace. Its EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is approximately $120 million and historically sporting goods transaction multiples are between six and eight times EBITDA. Acushnet being an industry leader would seem to command the high end of that so let's start the bidding at $1 billion. Or possibly beyond.