Friday March 19, 2010 10:21 AM ET
SmartMoney
Published December 1, 2009  |  A A A
On the Street by Sarah Morgan (Author Archive)

Woods and Stocks: A Tiger Trouble Index

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You’ve probably heard plenty about the fallout from Tiger Woods's heavily publicized car crash. But enough about him — what about our portfolios?

Woods, of course, is big business — and that means that the story, one way or another, has touched its share of publicly traded stocks. Marketers have debated the effects, both short and long-term, on companies that sponsor Woods and rely on him as a spokesperson. Here at SmartMoney, though, we decided to go straight to the bottom line and check out how some key Woods-related stocks are doing in our Tiger Trouble Index. The index looks at the stock prices of six companies associated with Tiger Woods before and after news of the accident broke to see how they’ve fared since the story unfolded.

While far from scientific, our TTI shows that Tiger-related stocks have dropped from the market's close on Nov. 25 (the last close before the accident) through Dec. 1, while the Dow Jones Industrial Average posted a modest gain. We took the average of the change in each stock’s price between the market close on Nov. 25 and the closes on Monday, Nov. 30 and Tuesday, Dec. 1, to determine whether the group as a whole was taking a hit. By the end of Monday trading, the TTI had had gone down 3.2%. On Tuesday, TTI components gained with the broader market’s rise, though it still lagged, posting a 2.1% drop since the accident.

Regardless of the market action, there’s little question that Woods’s polished image has taken a hit from the incident and the circumstances surrounding it. Woods issued a statement Wednesday, saying "I have let my family down and I regret those transgressions with all of my heart.." The Florida Highway Patrol said Tuesday it plans to issue Woods a careless driving citation for the crash, including a fine and points against his license, and he has issued a statement saying that injuries he received in the accident leave him unable to play at the Chevron World Challenge this week, a tournament that benefits his charitable foundation. Some of his sponsors, including Nike, have said that they’re standing by the golfer as he deals with the fallout from this incident.

Here’s a look at the individual stocks in our Tiger Trouble Index:

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User Comments
Posted by: redtape
I found the "pop ups" so distracting (as usual on SM site) that I never really got into the article. Too many, too ofter, too much..... I do not find it offensive that someone thought of this event as a possible stock moving event. Certainly more important, bad events cause market speculation. How about 9/11?
Posted by: akhour
This is a lame article. For starters the stock market in general posted negative numbers so every stock is down. I really don't care about Tiger nor follow him. However, whatever I have heard has been positive so I think he deserves a break. Everyone makes mistakes and I bet so has this writer. If you're going to put someone down without being objective then at least do your homework so you don't become the article end up being the one negatively looked at.
Posted by: calanh
I find it apalling that you'd even write such a lame article, attempting to take advantage of someone who is being harrassed over the incident.

Perhaps you haven't noticed how many other stocks are down since Friday? How exactly has Tiger affected Apple's stock? Or other large tech co's?

Pathertic.
Posted by: zookini
Tiger Woods has been associated with Accenture (one of the world's largest consulting and professional services firms) for many years as can be seen by many ads in airports around the world. Accenture stock continues to climb on solid performance. At least one exception to the Tiger Index.
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Posted by: BrianSozzi on Twitter

Quoted in the following: Woods and Stocks: A Tiger Trouble Index: http://bit.ly/4tsYBr via @addthis

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NKE 73.39 Down -1.27 -1.70%
ZLC 3.57 Down -0.14 -3.77%
ERTS 18.49 Down -0.04 -0.22%
PEP 66.54 Up 0.02 0.03%

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