Bulls REASONS TO BUY
Bears REASONS TO SELL
June 20, 2013
Callaway Golf Company (NYSE: ELY) today announced its financial results for the third quarter and first nine months ended September 30, 2010. For the third quarter, the Company reported: Net sales of $176 million, a decrease of...(read more)
Callaway Guidance Disappoints, but Recreational Vehicles Are on the Go (ELY, CYBI, NLS, LVB, PII,...
Shares of Callaway Golf (ELY) tumbled -7% in after hours trading after giving disappointing guidance. The golf equipment maker said it expected a profit of 10-15 cents a share for its 2Q, significantly less than analyst estimates...(read more)
(Stock Blog Hub, 3/30/10)
Fortune Brands Inc. (FO), a leading consumer brands company, has recently received a favorable verdict against Callaway Golf Co. (ELY) relating to a patent dispute...(read more)
Callaway Golf Company (ELY) Company Overview
Callaway Golf Company (NYSE: ELY) makes golf equipment, including woods, irons, putters, balls, and other accessories. Callaways sales have historically been tied to the spending power of consumers overall, and thus was adversely affected by the global downturn.
Callaway faces pressures from a shrinking market. As the Baby Boomer generation that fueled the sport's popularity ages and a younger, less active generation finds its entertainment elsewhere, fewer people are playing fewer rounds of golf. The number of golfers in the U.S. has is on a steadily declining trend. Furthermore, the amount of golfers that play at least 25 times a year has dropped about 33% since 2000. However, experts predict that the golf club market will see a growth rate of over 25% annually in China and India as golf continues to expand worldwide, a trend that benefits Callaway.(Read more at Wikinvest )
What's in this ELY analysis on Wikinvest...