Golfsmith recently agreed to sell itself to Golf Town. For $6.10 a share, Golfsmith shares are being valued at 1.5 times book value for a business that has lost money over the past three years.
via Investopedia.com Headlines http://www.investopedia.com/stock-analysis/2012/Golfsmith-Deal-Par-For-The-Course-GOLF-ADGF-ELY-NKE0516.aspx
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