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: JBruin who wrote (234)	2/12/1999 5:12:00 PM
From: Jeff Mills	Read Replies (1) of 307

I am not short ELY, I have no position. I am just telling you shareholders what is going on so if you see news out next week(s) you are not shocked. If Edwin Watts cuts the selling price of GBB's and Biggest's to $9 above wholesale--that source of revenue for ELY just ended. Period. There is no golf shop or golf course that will buy anymore GBB's or BBB's because they cannot compete with that. Everyone would shut down. Therefore, NO ONE will buy any more GBB's or Biggest's (ELY's sweet spot). ALL future order/prebooks etc will be only for the new Hawkeye's. Also, if ELY is going to scrap $30 MM worth of inventory--and Watts is sitting on huge amounts of inventory as well--there is an inventory glut EXISTING as I type this. These gluts take TIME to work out. The problems are FAR FAR FAR from over. Just be ready for some ELY news within the next week. And do not be surprised to see ELY trade at $5 or $6--maybe less. IMO, Jeff

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