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Long/short equity, growth at reasonable price, contrarian, growth

ClubCorp Holdings - Still Offering A Healthy Upside Potential

The leisure is business closely tied to consumer discretionary spending. This industry includes companies that operate golf courses as their primary activity. Over the past few years this industry has experienced declines due to lower spending and high unemployment rates.

The recession caused many companies to cut discretionary spending on recreational activities like golf. The cost of maintaining a golf course or country club remains fairly constant regardless of customer participation so a decline in the number of individuals attending golf courses or paying club fees caused most establishments to suffer losses.

Now the demand and interest in golf continues to grow. IBISWorld anticipates the industry will regain revenue in 2012 by 1.6% thanks to a stabilizing economy and increasing...

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