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The writing could be on the wall for Callaway (ELY -0.1%) as it stands as one of the last...

The writing could be on the wall for Callaway (ELY -0.1%) as it stands as one of the last pure-play golf names around amid industry consolidation after Golf Towne merged with Golfsmith (GOLF +0.1%). With big sporting goods names such as Nike (NKE -0.4%), Adidas (ADDYY.PK), and Fila throwing their clout around, Callaway has a major challenge and on its hands. With ELY -22.2% since shanking its Q1 report, could Nike be interested in a bid?
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