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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: miklosh who wrote (32711)	9/22/1998 10:28:00 AM
From: Knighty Tin	Respond to of 132070

Mike, I don't know Pgns, though I will take a look at it when I get time. Callaway is an odd co. Basically, you have to guess whether or not golf will continue to grow in popularity and whether or not ELY will get its share of that business. I don't play golf, so I have no expertise here. My feeling is that it is an upper middle class sport that has done well recently due to all the folks who bought stock at the top and the stock went even higher. If that is the case, there will be trouble in the sport's future. I did buy it long ago because I saw a bull market coming, but that has been many moons and Cobra was not then a factor. Haven't played it since. I have no way to evaluate Callaway clubs vs. Cobra's or any other brand. Figures like book value are not relevant to this co, because if they can't make a go of it in golf's future, nobody else is going to want their facilities. MB