Shanked! Titleist IPO lands in the rough

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Golf is still looking for its next Tiger Woods. And so are golf equipment makers. The latest golf company to disappoint investors? Titleist and FootJoy owner Acushnet.

Acushnet (GOLF)shares debuted on the New York Stock Exchange Friday. The stock was only up 4% to around $ 17.70 a share in early afternoon trading. That’s a lackluster debut for a new offering. But it’s even worse when you know the full story of the company.

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