Surprise Friday: The Master Speaks
Which CEO and sports legend “swung” by for a surprise visit with the traders? It was legendary golfer Greg Norman, Chairman and CEO of Great White Shark Enterprises. (His businesses include golf course design, apparel and wine making.) Following is a summary of his main points.
Golf is a great economic indicator, replies Norman. When people start spending money on a global basis, golf course designers are the first ones to get the call. The US market is dead, however. 85% percent of my golf course revenue comes from outside the US.
Which markets look strong?
India, I think, is the one country that’s going to explode. And Brazil and Argentina also look poised to grow significantly. Viet Nam is another great growth story. In fact I’m building a course on China Beach!
To find which golfer Greg Norman thinks will win the Masters please watch the video.
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Trader disclosure: On Apr. 11, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO), (MSFT); Jon Najarian Owns (AAPL), (AMR), (FDX), (PDLI), (TSO); Jon Najarian Is Short (HOG), (IBM), (WB); Seymour Owns (AAPL), (CSCO), (MER), (MSFT), (TSO), (INTC); Seygem Asset Management Owns (TSM), (COP), (SSL), (EEV); GE Is The Parent Company Of CNBC