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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (32710)	9/22/1998 12:44:00 AM
From: miklosh	Read Replies (1) of 132070

Hi Mike, I'd appreciate your thoughts on these two cos please. I was trolling for some unloved and lonely bottom feeders, and noticed that Callaway golf (ELY) is at a 5 year low p/s (1.02) and p/b(1.64) and more importantly there has recently been numerous insiders buying biz.yahoo.com . I'm aware that the big bertha clubs have been loosing mkt share but the ratios and insider buying have me interested. Perhaps the carnage at ELY has been overdone and there's the potential for a trading pop to 12-13ish? Another company that has had substantial insider buying lately is pathogenesis (PGNS develops drugs for the treatment of serious, chronic human infectious diseases). Since the beginning of Sept, PGNS has jumped from its 52 wk low of 22, to close at 32 yesterday. Insiders have been buying lately in the 26-29 area. What can you tell us about this co? Have (do) you followed PGNS? Thanks Mike

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