Callaway Golf -- it's a buy Message Board

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

ELY 21.33

-2.8%

Sep 6 5:00 PM EST

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To: Steven J. Fekete who wrote (75)	4/10/1997 1:32:00 PM
From: V.L. Ha	of 307

ELY trades at about a P/E of 18. Assuming it keeps pace with this P/E and with year ending 1997 estimates of 2.02/share it would be trading at about 36.00. And for 1998 estimates of 2.37/share it would be 42.50. My previous post were for earnings for 1st quarter ending March31 and 2nd quarter ending June30. It looks like ELY is a bit slow in the 1st quarter due to bad weather preventing golf outings and as the weather heats up ELY heats up. I hold no position in ELY, but, with Tiger Woods getting non-golf enthusiasts excited about golf (remember what Michael Jordan did for Nike) ELY has potential growth. Another play on this is PAR and OREM, makers of titanium heads.

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