Tiger,Tiger burning bright
The Tiger Woods saga is becoming more interesting as each day unfolds more secrets of Tiger Woods in private.
You may have wonder what has gossip got to do with investing. Well, as Philip fisher tells in his book “Common stocks,uncommon profits”, scuttlebutt is the best form of getting inside information legally. Certainly, gossip is one way of scuttlebutt.
From another perspective, Tiger Woods can be seen as a blue chip that is hyped up as a growth share but later found to be misleading in its accounts (e.g. Enron,worldcom).
Can Tiger woods still return to the golf scene, never say never, even bankrupt blue chips can come alive. However, sponsors like Gillette,Nike will be wise to drop Tiger for now, at least until the whole thing blows over.
Entry filed under: Watch your step.