Gilford Securities Special Situations Analyst Casey Alexander has released the following report to the financial community on February 2, 2012:
Callaway Golf: (NYSE: ELY)
Direction More Important Than Magnitude; Reiterate Buy Rating
To inquire about this report, please call Casey Alexander at 212-940-9276 or email c.alexander@gilfordsecurities.com .
Casey Alexander
Special Situations Analyst
Gilford Securities, Inc.
777 Third Ave., 17th Floor
NYC, NY 10017
212-940-9276
c.alexander@gilfordsecurities.com
Contributing Editor to ‘The A Position’
ANALYST CERTIFICATION
I, Casey Alexander, certify that all the views expressed in this research report accurately reflect my personal views of the subject companies. I certify that I have not and will not receive compensation with respect to the issuance of this report.
STOCK RATINGS
Buy: The stock should outperform its industry or peer group by 20% or greater within a 12-month timeframe.
Sell: The stock is expected to underperform its industry or peer group by 20% or greater within a 12-month timeframe, or fundamentals have deteriorated significantly and the stock is expected to materially depreciate.
Hold: The stock does not have enough upside or downside potential to rate a Buy or Sell. The stock is either fairly valued or has too much uncertainty to have a Buy or Sell rating.
Golf Balls
What’s the difference between a car and a golf ball? Tiger can drive a ball 400 yards.