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: Don Dorsey who wrote (136)	5/13/1998 4:39:00 PM
From: Mark T. Heath	of 307

I always loved hitting my Calloway clubs, but I've never given a serious look at the stock. Today's selloff on over 8 million shares did catch my eye and has me looking at a buying opportunity. I think the potential USGA intervention on the speed a ball can leave a clubhead could be dangerous. However, I think an outcry from not only amateurs, but the pros especially so, will halt the USGA in their tracks. If they are concerned that the current technology is making courses obsolete, they didn't watch this year's Masters tournament. As a guy whose been playing golf since he was six years old, I'll tell you this; if you don't have the swing, I don't care what club you hit. I believe the El Nino thing is being overblown. So it's been a wet spring; so what. Are we to expect every spring to be as wet? I don't think so. A look at a 5 year chart shows some support at $20. This may be one you could buy and put away for awhile. The only thing that could reach up and bite you is if the company nixes the dividend which would jolt the stock again.

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