NEW YORK ( TheStreet) -- As a value investor, I will often revisit names that I've owned before. It could be that I took a position when a company was a compelling buy, then unloaded it when it reached full value.But a lot can happen; companies can stumble, the market can punish too harshly, or ignore an interesting story. In some cases, if the price is right, I might take a new position in the same name. The honest truth is that sometimes this works out well, and sometimes it does not. I "rediscovered" legendary golf club maker Callaway Golf (ELY - Get Report), which I'd previously owned in 2009. Frankly, there was a lot of "rediscovery" happening during that period as the markets mercilessly over-punished a whole host of companies.
A Mulligan for Callaway?
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