DALLAS, Oct. 28, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Calloway Golf Co. (NYSE:ELY). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Calloway Golf Co. (NYSE:ELY) should be of particular interest to other recreational product manufacturers: Nike Inc. (NYSE:NKE) Golf international Holdings Inc. (Nasdaq:GOLF), Golf Trust of America Inc. (AMEX:GTA) and Adams Golf Inc. (Nasdaq:ADGF).

It is available at: http://www.investorsoup.com/lp/ELY

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Callaway Golf Company (ELY), together with its subsidiaries, designs, manufactures and sells golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters) and golf balls. The Company also sells golf accessories, such as golf bags, golf gloves, golf footwear, golf and lifestyle apparel, golf headwear, eyewear, golf towels and golf umbrellas. The Company generally sells its products to golf retailers (including pro shops at golf courses, as well as off-course retailers), sporting goods retailers and mass merchants, directly and through its wholly owned subsidiaries, and to third-party distributors.

In the report, the analyst notes:

"Market conditions remained soft in the second quarter of 2009, resulting in a significant industry-wide decline in golf equipment purchases as compared to the second quarter of 2008. These conditions, along with unfavorable foreign currency exchange rates and a continued reduction in retail inventory levels, adversely affected the Company's second-quarter net sales, which decreased 17% as compared to the second quarter of 2008. Despite these challenging macroeconomic conditions, the Company was able to gain market share in almost all product categories.

"ELY announced this month that it is teaming up with Emmy and Grammy Award-winning artist Justin Timberlake in attempts to hit a hole-in-one for a $1 million charitable donation. As part of 'Callaway Golf's Justin Timberlake Million Dollar Diablo Shootout,' Timberlake, a Callaway Golf staff professional since 2008, will take three swings for a hole-in-one and look to generate a Callaway Golf donation of up to $1 million for Shriners Hospitals for Children."

To read the entire report visit: http://www.investorsoup.com/lp/ELY

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