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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (6142)	6/18/1998 12:56:00 AM
From: SFJayhawk	Read Replies (2) of 29382

Hola! ELY ready for move after USGA decision!!!! biz.yahoo.com ELY, Calloway Golf, is ready for some upwards movement after the USGA's decison not to ban any of the present golf clubs. ELY is at $19+ down from $38 1/2. The stock is trading at 11x earnings, which is ridiculous. The company is introducing their new golf ball line, which is a high margin business and is sure to be a hit with consumers. The company has 10% Asian exposure, which I believe is factored into the price. The company has also had trouble with El Nino, which is now over. Alan

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