Wednesday, April 30, 2008

PGA Preview: Wachovia Championship IPO REQUEST EDITION (4/30/08)

Phil Mickelson, Vijay Singh, Jim Furyk, Steve Stricker, Jim Furyk, Adam Scott, Sergio Garcia, Geoff Ogilvy, Stewart Cink, Justin Rose, Aaron Baddeley, Luke Donald and Rory Sabbatini all tee it up this weekend for the Wachovia Championship. The aforementioned names make up 13 of the top 20 on the 2008 PGA Tour Rankings.

I was surprised to see that last Wednesday's IPOs post got 45 useful votes and only seven useless (one of the seven was me). Ten baseball players (four I've never heard of) and zero golfers? 45 useful?? Come on. The market was quick to get D.J. Trahan, Steve Lowery and J.B. Holmes back on February 20, but there hasn't been any PGA additions since.

Believe me, I understand we don't need anymore Wetterich's or Oberholser's on the market. But there are are few quality golfers that because PT doesn't include on the market, I unfortunately don't follow them as closely.

So, in hope to help PT decide which golfers deserve to make it on the market, I'm using this week to highlight the top five golfers who are contending in the Wachovica and need an initial public offering.


1. Cliff Kresge - Potential IPO Price: $171.50 - Google Results: 96,800 - Turned Pro: 1991
-- Cliff Kresge isn't exactly new to life on the PGA tour having turned pro in '91 and playing his final season in his 40's (turns 50 Oct. 3). Kresge has three top 10's already this season, which alone is worthy enough for an IPO request. And unlike many of the golfers on the PT market floor, Kresge is able to start and finish a tournament. He's 8/11 on cuts made and has finished in the top 50 seven times.

2. Steve Marino - Potential IPO Price: $170.00 - Google Results: 80,900 - Turned Pro: 2002
-- Before his recent finishes (last three tournaments: MC, T66th, T42nd), Marino looked as good as anyone on tour. From the first event he played (Tied for 4th, even after a final round of 72), Marino has strung together his best season as a pro finishing as high as runner-up (meatwadzero...) at the Mayakoba Classic.

3. Matt Kuchar - Potential IPO Price: $166.00 - Google Results: 111,000 - Turned Pro: 2000
-- Matt Kuchar has had a rollercoaster type season, finishing as low as third and as high as 98th. But there is no denying that when this guy is on, he is on. Proof of that was when he went lower and lower from Thursday to Sunday to finish tied for 7th at the Verizon Heritage a few weeks back. Stop "punk-ing" Kuchar and add him to the market already.

4. Kevin Na - Potential IPO Price: $161.00 - Google Results: 111,000 - Turned Pro: 2001
-- Kevin Na finished fourth twice in his first four events this season, but then fell into a rut from late-February through March. Though, April has been better for Na with a T26th at the Shell Houston and a tied for 17th at the Verizon Heritage. A couple more high finishes and there is no reason that Na should not get IPO-love.

5. Mathew Goggin - Potential IPO Price: $169.00 - Google Results: 102,000 - Turned Pro: 1995
-- Goggin has made a strong case that he's ready to make it onto the market floor with his last three events. Goggin finished tied for 7th at the Honda for his best result of the season back in February, but more impressively has finished in the top 20 in three straight tournaments. Another reason to add Goggin: How many professional athletes come out of Tasmania?


Other players at the Wachovia that might be worthy of an IPO request:
Parker McLachlin, Alex Cejka, Jeff Maggert, Charlie Wi, Brian Guy, Kenny Perry, Tom Pernice Jr, Dustin Johnson

Not playing in the Wachovia, but worthy of an IPO request:
Marco Dawson, Ben Crane, Niclas Fasth, John Merrick, Frank Lickliter II, Fred Couples, Steve Elkington

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