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Home BETTER LUCK NEXT YEAR:

While the Dow Jones resides in the neighborhood of 10,000, it has a few on Wall Street feeling somewhat optimistic about the future. However, the past is still a concern for others even if they prefer to look forward. Callaway Golf (ELY: NYSE) pre-announced to the investment community how the July through September period appears and the CEO was more inclined to talk about the future rather than the past. A double digit sales slide from a year ago was the first wave of news by the maker of Big Bertha but the bottom in the quarter period wiped out the entire profit the company had booked in 2009.
Callaway reported its net sales are estimated to be $191 million, a decrease of 11% compared to $213 million in 2008. Just a couple of other observations from the cheap seats. To continue reading, log into this week’s issue