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: Hoa Nguyen who wrote (248)	2/17/1999 8:42:00 PM
From: Jeff Mills	of 307

<<The party identified as Jeff Mills is of course entirely wrong.>> Your friend must be losing alot of money in ELY to view my information as "entirely wrong". <<Callaway routinely destroys marginally defective stock>> Problem is, there is nothing wrong with the $30 MM of inventory they are thinking about destroying. Well--I guess one thing is wrong, no one wants it! <<Since Callaway produced over $600 million dollars of product last year, it could easily destroy $30 million dollars of inventory without anyone noticing.>> Wrong! That would be like saying DELL sold $20 Billion in PCs last year but now has $1 Billion built up in stale inventory--which they must DESTROY because they cannot sell it. People will notice! <<Ely Callaway, one of the premier entrepreneurs in sport industry, just would not do it>> Do you know Ely personally? <<Selling it off by a retailer at $9 above wholesale still keeps them over $100-150 dollars. While a "great buy" to a golfer, it is certainly not a giveaway price.>> Do you have a Callaway account? Do you even know what Great Big Bertha's wholesale for? What have you been paying for Biggest Big Bertha's from Callaway? When I say $9 above WHOLESALE that's what it is! <<Speaking of which, these tremendous profit margins are why the prestige brands never drop their prices.>> Where were you when ELY dropped prices on GBB's and BBB's about 6 months ago by $50 per stick? <<Edwin Watts is also known for selling off two to four year old gear at huge discounts.>> This is not old gear we are talking about. We are talking about GBB's and BBB's--Callaway's bread and butter for the past 2 years. Be careful--you may like ELY better at $6 than you do at $10. Let me know how you are buying GBBs and BBBs at $100 to $150--I would be very interested to know. I am sure Callaway would be as well. IMO, Jeff

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