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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (5852)	1/25/1999 12:36:00 AM
From: Bob Rudd	of 78653

PAR..Is supplier of titanium castings to those that make the clubs. No room to differentiate offering..commodity business from where they stand. If there's excess capacity [and I think the downtrend is saying there is] and it's costly to exit the business so capacity lingers, then things could keep getting worse. I thought it looked cheap when I bought it and I KNOW it was cheaper still when I sold it for a tax loss, both at higher levels than here. And this during the period that Tiger Woods drew a lot of interest to golf. I haven't looked back since I sold, so do your own diligence, things may have changed. Bob

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