Monday, March 26, 2012

Adams Golf Acquired

Well, that sure didn't take long!  Adams Golf (ADGF) became the second member of the Cheap Stocks 26 Net/Net Index to be acquired.  Last week, Adidas' TaylorMade unit bought the golf club maker for $70 million, or $10.80 per share.  That puts ADGF shares up 97% since the inception of the CS26 Net/Net Index.  The indexes allocation to ADGF will remain in cash once the deal has been completed.

*The author has no position in the companies mentioned. This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.