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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (4656)8/15/1998 8:29:00 PM
From: James Clarke  Read Replies (1) of 78701
 
Agco could be a home run at 9, but monitor the balance sheet carefully. For ELY, just my opinion, but I can't see any margin of safety there. But unlike Agco, it has no debt, so you know its not going to zero. I just see no reason why it doesn't go to 8 or 9. On the other hand, I was out golfing today and tried my uncle's Big Bertha - I'd never tried one before. This puppy would take 3 strokes off my game. I refuse to pay $300 for a golf club, but I'll buy a used older generation Bertha for $100 or so. Doesn't help the company, but hopefully it will help my game. I really think you're looking at a case here where virtually everybody who will buy the product already has. On top of that, there is no barrier to entry. Before you buy ELY, read the prospectus for Adams Golf.

Jim
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