Callaway Golf -- it's a buy Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Callaway Golf -- it's a buy

ELY 21.33

-2.8%

Sep 6 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tony Wilson who wrote ()	10/22/1999 2:54:00 PM
From: London Brian	Read Replies (1) of 307

Congrats to everyone who bought at 10. getting some nice movement again. RESEARCH ALERT - Merrill raises Callaway Reuters Story - October 22, 1999 09:47 NEW YORK, Oct. 21 (Reuters) - Merrill Lynch said Friday it has raised its rating on Callaway Golf Co. , which makes and sells golf clubs and balls, to near-term accumulate from neutral. -- Merrill said its long-term rating stays at accumulate. The brokerage said its 1999 earnings per share target is $0.75 and its 2000 target is $1.15 for the company. Merrill Lynch said it is raising its third-quarter earnings per share estimate to $0.22 from $0.20. -- Merrill Lynch said earnings are poised to accelerate over the next 12 to 18 months with a new golf ball launch in February 2000 and restructuring programs that will bolster margins. -- "ELY's business appears to be improving by all measures," Merrill Lynch wrote in a research report. "Excess inventory situation at retail appears to be resolved and market acceptance of new products has been strong. Callaway has regained lost market share." -- Merrill Lynch said the third quarter appears to be on track and the company should see 5 percent top-line growth. -- Shares of Callaway rose 15/16 on the New York Stock Exchange to 13 in the early morning. ((New York Newsdesk (212) 859-1700))

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next