ELY Div & Yield: 0.28 (1.80%)
P/E (ttm): 18.43
PERIOD ENDING ....31-Dec-07 .30-Sep-07. 30-Jun-07 .31-Mar-07
Retained Earnings. .470,469 .. 491,140 .. 494,501 .. 462,716
Total Revenue...... 174,418 . 235,549 . 380,017 . 334,607
Sale (Buy) Stock ..(13,045) ..(67,088) ....15,914 . (2,541) <-----
Net Borrowings .....35,575 . (54,462) ..(99,606) ....75,000 <---
http://stockcharts.com/charts/gallery.html?ely
<--{chart just looks
unhappy]
Short % of Float (as of 11-Mar-08): 12.70% <---motivated buyers
Qtrly Revenue Growth (yoy): -3.00% <---poor
Qtrly Earnings Growth (yoy): N/A
Total Debt (mrq): 36.51M <---32.5% of revenue <---bzzzzt
Callaway Golf Company, together with its subsidiaries, designs,
manufactures, and sells golf clubs and golf balls in the United States
and internationally. Its products include drivers, fairway woods,
hybrids, irons, wedges, putters, and golf balls. The company also sells
golf accessories, such as footwear, golf bags, golf gloves, golf
headwear, golf towels, and golf umbrellas. In addition, Callaway Golf
Company licenses its trademarks and service marks in exchange for a
royalty fee to third parties for use on products, such as golf apparel,
watches, rangefinders, practice aids, travel gear, eyewear, and other
golf accessories. It sells its products to golf retailers, including pro
shops at golf courses and off-course retailers; s****ting goods retailers;
and mass merchants, as well as directly and to third party distributors.
The company also sells pre-owned golf products through its Web sites,
www.callawaygolfpreowned.com and www.callawaygolfoutlet.com. Callaway
Golf Company was founded in 1982 and is based in Carlsbad, California.
--------
http://www.fool.com/investing/general/2008/03/05/golfing-investors-be-
warned.aspx
EXCERPT:
The total number of people who play has declined or remained flat each
year since 2000, dropping to about 26 million from 30 million, according
to the National Golf Foundation and the S****ting Goods Manufacturers
Association." That's a 13% drop in overall golfing participation.
"... the number of people who play 25 times a year or more fell to 4.6
million in 2005 from 6.9 million in 2000, a loss of about a third."
The number of "core players," those who golf at least eight times per
year, has slid from 17.7 million in 2000 to 15 million in 2006, per the
National Golf Foundation. That's a 15% drop.
"Between 1990 and 2003, developers built more than 3,000 new golf courses
in the United States, bringing the total to about 16,000. Several hundred
have closed in the last few years."
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