Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (453)	11/13/2004 6:45:30 PM
From: Glenn Petersen	Read Replies (2) of 7254

I have been expecting to see ELY sold ever since Ely Callaway died on Juely 5, 2001. The five year chart is pretty depressing: finance.yahoo.com Note the precipitous 40% drop in mid-2001 when Ely died. I used to golf 30 or 35 times a year until I gave it up cold four years ago. I generally shot in the upper 90s, so I don't qualify as an expert. I had a set of Taylor Made clubs and a Big Bertha driver. I loved that driver. My lowest round was a 91. I used to be able to recount every single shot for that round. Sports apparel is a tough business. Sports stocks in general are tough. Another contribution to the thread: Instinet (INGP). Reuters has been trying to sell them off for two or three years. Archipelago is said to be interested: Message 20756050 If INGP is sold, I would not expect to see much of a premium.

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