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: Toby L. Toth who wrote (25)	12/17/1996 2:43:00 PM
From: Noel	of 307

Toby, that's what I keep telling myself. I'm just reluctant to keep accumulating right now because while one half of me says it's a great buy, the other half is watching the chart, which has been trending downward for quite a while. This is not a stock that's trading on its fundamentals by any means, or it would be trading around 35-40. Their long term debt is nil, they've shown a strong, steady pattern of revenue and earnings growth, and they've got the best R&D program in the industry. Maybe in 1stq we'll see things turn around as golf will be back on people's minds and those shopping for new clubs will notice Calloway once more. Regards, NPD

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