3 Reasons to Play ELY
|Written by GSCR Staff|
|Thursday, 10 October 2013 07:03|
In Monday’s Goldman Guide the number 1 item on our list for the market right now is to stand tall, invest small. It may be time to consider longer term investments with the market in turmoil currently over the Washington fiasco.
Additionally, we mentioned Callaway Golf Company (NYSE – ELY - $7.12) in our list at number 4, as a possible play on the steadily rebounding and growing golf industry. We highlighted the stock back in the early spring at it is up a modest 4.7%. Clearly the stock is priced right, and Callaway is a diverse manufacturer of top brand golf clubs, balls, and other equipment that is set to capitalize on the growing industry.
Here are three additional reasons to buy or keep what you already have
Again, ELY may be a longer term play as growth is expected at a slow pace. Look for a value of $10.00 sometime next year though.
Have a great day!
Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.
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