first time in more than a decade that the company delivers results above expectations
breaking out to new 52-week-highs today which is well deserved given the impressive turnaround in the company's business. It will take a while for the stock to work through the share overhang from retail and institutional investor finally removing this long standing underperformer from their portfolios - which of course looks like a wrong decision given that the turnaround has just started - watch for the stock to be a major outperformer going into 2014
Read my prior post, I have been accumulating this stock since $5. The market cap is much too low for the quality products they own. Also, since Chip too over the helm, the balance sheets have improved and the products got better. This is an easy double. The company is worth at least 1.3. Buying new clubs today,
Thank you Callaway , Chip and Phil.
Susanstevens, like your post and think you are spot on in your analysis. My pro is saying he is impressed with the movement of ELY equipment recently. Take a look at Perry Ellis (PERY), they took over the Hogan brand and own many others but their stock hasn't done much compared to Phillips-Van Heusen (PVH). I've been accumulating recently as their stock is at a ridiculous 52-week low. I think like ELY, they are a potential take-over candidate as well. What else do you like?
I don't care at all about golf but seeing this finally come back after an almost 15 year losing streak is quite impressive (if not close to impossible). So kudos to the new CEO here and clearly the stock will be a major outperformer going forward. Look for double digits until year end.