WORLD MADE LIFE ROUGH FOR CALLAWAY IN 2001.
It seems that everything conspired against CallawayGolf last year: the USGA, the economy, the weather, the Sep. 11 terrorists, andeven the collapse of Enron all combined to reduce the company’s numbers. ButELY thinks that this year will be better. The ball market is looking good, newproducts are being shipped, and no one is worried about Nike, at leastnot in public. Callaway declined to give projections for this year beyondsaying it anticipated “growth” in both sales and operating earnings. Withoutknowing when the U.S. will emerge from its recession, ELY would only say “upslightly” to quantify the growth. For Q1, Callaway is ... Log in to view full article.