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Author: Jeff Dugas

As an analyst and appraisal specialist I am always trying to better understand how a market performs so that I can evaluate operating businesses. Whether it be a golf course or marina, there are many similar applicable techniques. For years when golf was struggling and very few sales were posting a net profit, the golf community became accustomed to calculating...

The number of golfers per 18 holes is returning to a balance seen decades ago, before the building boom that added over 4,000 courses to the U.S. market. This over saturation, coupled with the burst of the housing bubble and ensuing financial crisis, resulted in an imbalance between golfers and golf courses for much of the past decade or so. Amid...