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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (5854)1/25/1999 7:06:00 AM
From: Wallace Rivers  Read Replies (2) of 78482
 
Mike, FWIW, I'm a golfer. I play Callaway except for the putter. Great Big Bertha (GBB) driver, GBB 3 (which I just ordered yesterday), '96 vintage Big Bertha irons, which the company would like people to believe are obsolete. I do believe that those who have played them do become very loyal to a great brand. I have no desire to buy any other brand.
Negatives:
I feel they stretched after GBB to entice players into the next greatest product - the Biggest Big Bertha, the tungsten-titanium irons, for example. I don't believe either of those were much of a success. Last year they introduced the X-12 irons and Steelhead woods at a lower price point, with lower margins. X-12 did well, Steelheads too early to tell. The Hawkeye wood launch ($500 list, about $375-$400 typical retail) just started. Steelhead look and purported advantages did not impress me, X-12s are a very nice club, but my "old" Bertha irons were just fine thank you. Hawkeyes look just like the Steelhead, except they are titanium, and have some tungsten plug. Just didn't see how they could be that much better for $125 bucks more per club than GBB.
I suppose the point I am trying to make is that the company has run into a wall in marketing the next, greatest, product to golfers who at one time were eager to get the next thing that would make the ball go further and bring lower scores into their bags.
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