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The Company, together with its subsidiaries, designs, manufactures and sells golf clubs and golf balls.
The golf industry is struggling. Rounds played are down, consumers are not buying new product. With Dicks Sporting Goods laying off all in store PGA pros and cutting down on their retail space allocated to golf due to decreased sales volumes, the impact to Callaway is going to be painful. DKS is one of their largest - if not their largest - customer. I see bogeys ahead for Callaway - even with good product lines.
Hopefully this is a winning horse.
ELY Short. Company has seen its peak in golf. Revs declining last couple years. Operating losses widening.
Sales of golf equipment should rebound this year
9/18/11 Options Predictor Rank #44. P/C Ratio 0.1 and Call Sizzle 3.731.
CEO got canned! Going to be a touch year for Callaway.
I am following Barron's on this one. The stock has had a tough few years, but it is now trading at just .59X book value. Furthermore, the company has a clean balance sheet with $25 mm in net cash, which should help protect the downside. However, what really makes me interested is that it seems like change is finally coming. The CEO was ousted after six years at the job, and interim CEO is slashing costs aggressively. This could help serve as a catalyst, drive out some of the 17% short interest, and restore this company to profitability. If they can do that, their strong brand will likely be worth at least book value-- a double from current prices.
recovery of economy, everyone wants new clubs every summer
Trading at less than 50% of sales and 70% of book value, this debt free company's stock is trading at bargain levels. Patience will be rewarded.
Going for Par.
Currently trading at .54 book value. Great valuation for a company with such a strong brand. They got nailed with the poor earnings recently and have dropped out of favor of Wall Street. Short term, the golf industry may be hurting but ELY has done a great job with the brand and expanding market share.
Callaway is an established brand in an industry where it is difficult to pick up sizeable market share. Shares appear relatively cheap compared to its book value and sales will return to normal once the worst of the recession has passed.
a good golf company
Intrinsic value considerably higher, will be a strong performer when confidence returns at a broader scale. Brand amongst the very strongest in the sector providing a certain 'moat'.
Good Brand and Products. Price isn't too dear.
Stock price hit rock bottom., ready to bounce back Strong brand (and I am NOT into golf at all) with low D/E.
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