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: Jeff Mills who wrote (233)	2/12/1999 5:06:00 PM
From: JBruin	Read Replies (1) of 307

Jeff, So why have insiders bought approx. 500,000 shares since 7/98 between 10 & 13? I'm not disputing your reasoning, its just that there are always two sides to each story. Also how did the inventory situation look for the semi-equip. stocks over the last 12 months? Especially 3-4 months ago in 10/98 when stocks like NVLS were at 21 (70 today) or KLAC at 21 (60 today) or AMAT at 23 (67 today)? Now I know the market in general was at its low in 10/98 but the inventory situation was *rap back then, & if you would have sold based on that you would have sold at the lows. Coincidentally ELY is very close to its lows. I'm not challenging your conclusion, but I am trying to shed some light on an alternative viewpoint.

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