I do so hope the economy improves next year. It was a tough year for the golf-balling industry. Merle Golf shipped 9150 golf balls in 2011, over 600 more than the previous year, but profits were down. Average price per ball was down from 29 cents in 2010 to 26 cents in 2011. That smarts! To our shareholders: Merle Golf is dedicated to improving margins in 2012. We are cutting our losses this year and stockpiling for next year. We plan to be strategically positioned to move aggressively forward early next year.
