COASTCAST - MAKER OF TITANIUM GOLF CLUBS Message Board

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Non-Tech : COASTCAST - MAKER OF TITANIUM GOLF CLUBS

PAR 60.55

-0.6%

12:09 PM EDT

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To: Ken Reidy who wrote (1)	5/24/1997 8:24:00 PM
From: WILLIAM BLACK	of 19

Ken: I don't have a factual reason for the stock to move. I had been watching the stock over the last couple of months and when it made a move this past week or so I became more interested. The chart pattern indicated to me that something was going to happen. I finally looked at a S&P report and was very impressed with the financials. VERY STRONG. I bought some at $12.5 about three or four days ago. I think it is terribly undervalued and should at least on an initial move to the $17.5 - $18 area. It has also made a short term head and shoulders bottom which again, a move to the 17.5 - 18 area. Since the 200 day moving average is at the $16 area we could hit some resistance there. At $14 it is only selling at 1.8 bookvalue. I think the Tiger syndrome is affecting this one also but again that is what it took to wake investors to begin looking at the golf mania. About as far as I would guess right now. With the financials, products and customer line it is also a good candidate for a buyout. Bill Black

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