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Stock of Callaway Golf lost 4 cents Monday to $15.81, even though Wedbush Morgan Securities said that the company's new products in 2008 should sell briskly, and the stock could hit $24. On the other hand, the Motley Fool notes that in 1995, Callaway sported a return on invested capital of 46.8 percent. Last year it was down to 4.1 percent. Callaway's problem -- and the problem of all those golf companies in Carlsbad -- is that golf as a sport is going nowhere. The industry geared up for baby boomers taking up the game, but as many people drop out each year as start playing.
Stock of Callaway Golf lost 4 cents Monday to $15.81, even though Wedbush Morgan Securities said that the company's new products in 2008 should sell briskly, and the stock could hit $24. On the other hand, the Motley Fool notes that in 1995, Callaway sported a return on invested capital of 46.8 percent. Last year it was down to 4.1 percent. Callaway's problem -- and the problem of all those golf companies in Carlsbad -- is that golf as a sport is going nowhere. The industry geared up for baby boomers taking up the game, but as many people drop out each year as start playing.