Callaway Golf

ELY-N

NYSE:ELY

21.02
0.04 (0.19%)
Callaway Golf Company is an American global sporting goods company that designs, manufactures, markets and sells golf equipment, golf accessories and golf lifestyle-related products in more than 70 countries worldwide.
More at Wikipedia

Analysis and Opinions about ELY-N

Signal
Opinion
Expert
SPECULATIVE BUY
SPECULATIVE BUY
April 19, 2018

Everyone back then was saying golf was dead and dying. They brought in a new CEO that had turned the acquisition around. It has been built up so you are buying golf balls all the time. It has recently come off because of the snow outside. It will hurt their sales short term. It might be something worth buying because it will come off because of the summer.

Callaway Golf (ELY-N)
April 19, 2018

Everyone back then was saying golf was dead and dying. They brought in a new CEO that had turned the acquisition around. It has been built up so you are buying golf balls all the time. It has recently come off because of the snow outside. It will hurt their sales short term. It might be something worth buying because it will come off because of the summer.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$16.460
Owned
Unknown
HOLD
HOLD
November 22, 2017

Sold his holdings about a year ago, because it had gone from “turnaround” to “good profits”, and had thought that in the near term its profitability had probably gotten ahead of itself. However, the CEO has continued to deliver great results. They are the leading company in the industry.

Callaway Golf (ELY-N)
November 22, 2017

Sold his holdings about a year ago, because it had gone from “turnaround” to “good profits”, and had thought that in the near term its profitability had probably gotten ahead of itself. However, the CEO has continued to deliver great results. They are the leading company in the industry.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$14.340
Owned
No
COMMENT
COMMENT
September 9, 2016

He bought this as a turnaround and it has worked out well for him. It is now into a growth phase. One of the few companies on the NYSE that actually has earnings growing, one of the reasons the stock is doing well. Nike (NKE-N) getting out of the business gave the stock a nice pop, and he took advantage of that. He would still buy the stock for new clients.

Callaway Golf (ELY-N)
September 9, 2016

He bought this as a turnaround and it has worked out well for him. It is now into a growth phase. One of the few companies on the NYSE that actually has earnings growing, one of the reasons the stock is doing well. Nike (NKE-N) getting out of the business gave the stock a nice pop, and he took advantage of that. He would still buy the stock for new clients.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$11.220
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 22, 2016

(Top Pick Mar 20/15, Up 5.58%) It was a turnaround story with a new CEO, nothing to do with golf. So far he has taken the balance sheet and fixed it, and fixed the products that were losing market share. He is working on golf balls now. He has greatly improved profitability. He continues to like what they are doing. Ultimately they could get taken out, but he is staying with it regardless.

Callaway Golf (ELY-N)
March 22, 2016

(Top Pick Mar 20/15, Up 5.58%) It was a turnaround story with a new CEO, nothing to do with golf. So far he has taken the balance sheet and fixed it, and fixed the products that were losing market share. He is working on golf balls now. He has greatly improved profitability. He continues to like what they are doing. Ultimately they could get taken out, but he is staying with it regardless.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$9.020
Owned
Yes
TOP PICK
TOP PICK
December 30, 2015

A turnaround stock and management has been doing an amazing job in a difficult environment. They cleaned up the balance sheet, brought out new products and gained market share. The headwind on this has been the weather. The US$ has also been a big negative for them as they have about 50% of revenues from outside the US. He sees margins continuing to improve. Dividend yield of 0.42%.

Callaway Golf (ELY-N)
December 30, 2015

A turnaround stock and management has been doing an amazing job in a difficult environment. They cleaned up the balance sheet, brought out new products and gained market share. The headwind on this has been the weather. The US$ has also been a big negative for them as they have about 50% of revenues from outside the US. He sees margins continuing to improve. Dividend yield of 0.42%.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$9.450
Owned
Yes
TOP PICK
TOP PICK
March 20, 2015

It is a turnaround story. The ones that do work usually take longer than people expect it to but the benefits are then usually bigger than people expect them to be. Improved balance sheet, distribution, manufacturing, and product line and the company is gaining market share against the compeition. Last year they were hurt by a bad winter and spring and half their revenue is outside the US so the strong US dollar has hurt them.

Callaway Golf (ELY-N)
March 20, 2015

It is a turnaround story. The ones that do work usually take longer than people expect it to but the benefits are then usually bigger than people expect them to be. Improved balance sheet, distribution, manufacturing, and product line and the company is gaining market share against the compeition. Last year they were hurt by a bad winter and spring and half their revenue is outside the US so the strong US dollar has hurt them.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$8.580
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 12, 2015

(Top Pick Feb 5/14, Down 0.22%) The turnaround is working amazingly well. It is not reflected in the stock price. They are gaining market share. Last winter was severe and the spring was awful so lots of courses were not operating at first. They have a big overseas market and the fall of the Yen is starting to be reflected there. The company is doing all the right things, however.

Callaway Golf (ELY-N)
January 12, 2015

(Top Pick Feb 5/14, Down 0.22%) The turnaround is working amazingly well. It is not reflected in the stock price. They are gaining market share. Last winter was severe and the spring was awful so lots of courses were not operating at first. They have a big overseas market and the fall of the Yen is starting to be reflected there. The company is doing all the right things, however.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$8.130
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 22, 2014

(A Top Pick Dec 5/13. Down 7.33%.) Basically a story on the recovery of the middle class. US is starting to get its mojo back. When that starts to occur, you start to see more spending occurring. Consumers are still looking for something to be on sale. What is plaguing the business at the moment is that they are trying to do a lot of business in Japan, but the currency trade has caused a lot of issues. Likes the story longer-term. 0.5% dividend yield.

Callaway Golf (ELY-N)
December 22, 2014

(A Top Pick Dec 5/13. Down 7.33%.) Basically a story on the recovery of the middle class. US is starting to get its mojo back. When that starts to occur, you start to see more spending occurring. Consumers are still looking for something to be on sale. What is plaguing the business at the moment is that they are trying to do a lot of business in Japan, but the currency trade has caused a lot of issues. Likes the story longer-term. 0.5% dividend yield.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$7.250
Owned
Yes
TOP PICK
TOP PICK
November 20, 2014

(Top Pick Dec 05/13, Down 2.82%) The turnaround is about half way through. We had a dismal summer last year and then a poor winter. Longer term restructuring stories are the kind of animal that are lumpy, but when they work they work well so he is happy to hold this. The US middle class tend to be golfers. New product introduction benefits them as does the new CEO’s turning the company around. There should be more upside. You see a lot of young guys on courses in Florida.

Callaway Golf (ELY-N)
November 20, 2014

(Top Pick Dec 05/13, Down 2.82%) The turnaround is about half way through. We had a dismal summer last year and then a poor winter. Longer term restructuring stories are the kind of animal that are lumpy, but when they work they work well so he is happy to hold this. The US middle class tend to be golfers. New product introduction benefits them as does the new CEO’s turning the company around. There should be more upside. You see a lot of young guys on courses in Florida.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$7.570
Owned
Yes
DON'T BUY
DON'T BUY
August 29, 2014

The stats on rounds of golf played in the US have really gone down. This company has new technology and people aren’t adopting it. They have really struggled and there is quite a bit of inventory. Not a very cheap stock. PE of 48X.

Callaway Golf (ELY-N)
August 29, 2014

The stats on rounds of golf played in the US have really gone down. This company has new technology and people aren’t adopting it. They have really struggled and there is quite a bit of inventory. Not a very cheap stock. PE of 48X.

Jennifer Radman
VP & Sr. Portfolio Manager, Caldwell Investment Management
Price
$7.610
Owned
No
PAST TOP PICK
PAST TOP PICK
August 1, 2014

(A Top Pick July 31/13. Up 6.05%.) Really bad weather this winter and spring hurt the golf industry very much. Even though the industry is down in North America, this company is gaining market share big time. Hopes that in a year the weather will be better and they will come through with better numbers. A turnaround story. Half of their sales are outside of North America. In Asia, golf is booming.

Callaway Golf (ELY-N)
August 1, 2014

(A Top Pick July 31/13. Up 6.05%.) Really bad weather this winter and spring hurt the golf industry very much. Even though the industry is down in North America, this company is gaining market share big time. Hopes that in a year the weather will be better and they will come through with better numbers. A turnaround story. Half of their sales are outside of North America. In Asia, golf is booming.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$7.590
Owned
Yes
DON'T BUY
DON'T BUY
July 10, 2014

Has avoided this. Prefers Adidas (ADS-GR), which owns TailorMade. Adidas has done very poorly because of TailorMade. Golf demand has waned. The number of rounds played in North America is going down. If this happens, then the demand for equipment is going down. It is much easier to do a turnaround in an industry with the headwind then one with a tailwind. (See Top Picks.)

Callaway Golf (ELY-N)
July 10, 2014

Has avoided this. Prefers Adidas (ADS-GR), which owns TailorMade. Adidas has done very poorly because of TailorMade. Golf demand has waned. The number of rounds played in North America is going down. If this happens, then the demand for equipment is going down. It is much easier to do a turnaround in an industry with the headwind then one with a tailwind. (See Top Picks.)

Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$8.420
Owned
No
TOP PICK
TOP PICK
May 15, 2014

(A Top Pick May 24/13. Up 21.8%.) We are seeing the signs that this is truly turning around. The CEO has fixed the balance sheet and has turned around a product suite and reintroduced the Big Bertha. Sold off product lines that didn’t work. Ultimately you will get a company that will be highly levered to recovery in the US middle class area.

(A Top Pick May 24/13. Up 21.8%.) We are seeing the signs that this is truly turning around. The CEO has fixed the balance sheet and has turned around a product suite and reintroduced the Big Bertha. Sold off product lines that didn’t work. Ultimately you will get a company that will be highly levered to recovery in the US middle class area.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$8.250
Owned
Yes
WATCH
WATCH
May 14, 2014

Golf industry is hurting because of the cold winter and late starts for courses. You want to buy before everyone else gets in. Spring you go in and summer you get out. It is currently at the base of the trend line. If it breaks below you might even want to exit.

Golf industry is hurting because of the cold winter and late starts for courses. You want to buy before everyone else gets in. Spring you go in and summer you get out. It is currently at the base of the trend line. If it breaks below you might even want to exit.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$8.250
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 2, 2014

(Top Pick Apr 10/13, Up 27.58%) It is a turnaround situation and sales, earnings and market share are up substantially in the first quarter. But the first quarter is not normally very good due to weather. Golf is delayed because of weather this year. This is an opportunity to get into this one. Fundamentals long term in the company are continuing to improve.

(Top Pick Apr 10/13, Up 27.58%) It is a turnaround situation and sales, earnings and market share are up substantially in the first quarter. But the first quarter is not normally very good due to weather. Golf is delayed because of weather this year. This is an opportunity to get into this one. Fundamentals long term in the company are continuing to improve.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$8.920
Owned
Yes
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