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Non-Tech : Golf Stocks and Industry Buzz

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From: caly	11/8/2010 9:00:27 PM
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One man's opinion... finance.yahoo.com I am going to add Calloway Golf to the list as well. The manufacturer of gold clubs and accessories is still a bargain at just 80% of tangible book value. The company has over $100 million of cash on the books and no debt so the balance sheet is strong enough to last until the economic recovery strengthens. This company also had a tough third quarter, losing $20 million in the three months. Calloway management said the weak results are a result of a delay of a recovery in the gold industry. It is delayed, but I think a recovery in the golf industry and equipment markets will eventually happen When it does there will be a lot of pent-up demand for all the latest clubs and toys. As a market leader, this stock has a lot of potential when that finally happens.

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