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Non-Tech : COASTCAST - MAKER OF TITANIUM GOLF CLUBS
PAR 60.91-0.9%Mar 20 3:59 PM EDT
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To: Paul Senior who wrote (3)6/29/1997 12:56:00 AM
From: Paul Senior  Read Replies (1) of 19
 
Well I guess I'm one of only a few who are following this company PAR. May be a good thing (few followers) 'cause all the news I hear is bad. Let's see, we have this week:
1) Calloway announces its going to give a contract to Sturm Ruger for one million club heads as part of a deal whereby Sturm Ruger buys Calloway's foundry. Goodbye PAR's Calloway head business??
2) An article in 7/7/97 Forbes by Caroline Waxler who pretty much recommends shorting the stock: "The stock could drop to 9...If you want to short it the shares are borrowable." (This is as the stock price is 12.25. "The stock could sink further.") She may be very correct in her outlook and suggestion, but the article is just chock-a-block full of negatives about Coastcast with nary a positive word. I see positives also - enough anyway for me to keep my eye on the stock - so I am confused by the purpose of such a negative slant in her column.

Paul Senior
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