Imation, Callaway Golf Are Debt Free: Statistical Spotlight
Nov. 6 (Bloomberg Television) -- Imation Corp. and Callaway Golf Co. were highlighted on Bloomberg Television’s “Statistical Spotlight” as debt-free companies that trade below their book value.
(Click on the VIDEO tab above to watch the report.)
The companies were the only two among members of the Standard & Poor’s 500 index and Standard & Poor’s 400 Mid- Cap index to meet the criteria: share price below book value, and no short- or long-term debt. The figures are for the most recent quarter reported.
Imation makes DVDs and videotapes under brands such as Memorex. Callaway Golf is the maker of Big Bertha and Steelhead golf clubs.
Book Value Share Price Market
Company Per Share (11/5/09) Cap.
Imation (IMN) $24.41 $8.87 $338 mln
Callaway Golf (ELY) $11.41 $6.74 $435 mln
#<582242.1010.1.1.47.20386.25># -0- Nov/06/2009 17:08 GMT
Last Updated: November 6, 2009 12:08 EST
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