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Death Of Golf As An Investment? Kerrisdale Capital Shorts ClubCorp, Sees 80% Downside

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MYCC - Death Of Golf As An Investment? Kerrisdale Capital Shorts ClubCorp, Sees 80% Downside

Kerrisdale Capital, a private investment firm, released a new research note on Thursday which argued that ClubCorp Holdings Inc MYCC 8.89%'s stock has an 80 percent downside.

ClubCorp is an owner and operator of private golf and country clubs across the U.S.

According to Kerrisdale, the company has grow itself at a time when the popularity of golf has shrunken, as evidenced by declining golf participation, rounds played and sales of golf equipment. At the same time, the age of the average golfer has trended higher.

"Though...


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