[CornFed]

You guys are doomed.

http://www.oregonlive.com/playbooks-prof...st_38.html

This kind of stuff is pretty old news, but that doesn't invalidate the assessment of the current conditions in the industry.  The number of rounds played in the US per year went down for the first time in 1999 or 2000 and has gone down each year since.  Many private clubs have shut down and private courses entered bankruptcy during that period.  The economic meltdown has transformed the way people spend and borrow in substantial ways.  Golf spending is discretionary and people continue to reduce play, practice more, or simply take up bowling.  :(

[CornFed]

You guys are doomed.

http://www.oregonlive.com/playbooks-prof...st_38.html

This kind of stuff is pretty old news, but that doesn't invalidate the assessment of the current conditions in the industry.  The number of rounds played in the US per year went down for the first time in 1999 or 2000 and has gone down each year since.  Many private clubs have shut down and private courses entered bankruptcy during that period.  The economic meltdown has transformed the way people spend and borrow in substantial ways.  Golf spending is discretionary and people continue to reduce play, practice more, or simply take up bowling.  :(