Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

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Item 1.

(a)

Name of Issuer

         Coastcast Corporation

(b)

Address of Issuer's Principal Executive Offices

3025 East Victoria Street
Rancho Dominguez, CA 90221

Item 2.

(a)

Name of Person Filing

This statement is jointly filed by Newcastle Partners, L.P., a Texas limited partnership (“NP”), Newcastle Capital Management, L.P., a Texas limited partnership (“NCM”), Newcastle Capital Group, L.L.C., a Texas limited liability company (“NCG”), and Mark E. Schwarz (together with NP, NCM and NCG, the “Reporting Persons”). Because Mark E. Schwarz is the managing member of NCG, which is the general partner of NCM (Mark E. Schwarz, NCG and NCM are hereinafter referred to as the “Controlling Persons”), which in turn is the general partner of NP, the Controlling Persons may be deemed, pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), to be the beneficial owners of all shares of Common Stock held by NP. The Reporting Persons are filing this joint statement, as they may be considered a “group” under Section 13(d)(3) of the Act. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that such a group exists.

(b)

Address of Principal Business Office or, if none, Residence

300 Crescent Court
Suite 1110
Dallas, TX 75201

(c)

Citizenship

Mark E. Schwarz is a citizen of the United States of America.

(d)

Title of Class of Securities

Common Stock, par value $0.10 per share

(e)

CUSIP Number

190 57T 108

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

[    ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

[    ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

[    ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

[    ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)

[    ]

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

[    ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

[    ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

[    ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

[    ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

[    ]

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership.

(a)

Amount beneficially owned:

         538,000 shares*

(b)

Percent of class:

         6.85% (based on 7,635,042 shares of Common Stock outstanding as of September 24, 2003 as reported in the Issuer’s 10-Q statement for the quarter ended June 30, 2003)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote

         538,000 shares*

(ii)

Shared power to vote or to direct the vote

         0 shares

(iii)

Sole power to dispose or to direct the disposition of

         538,000 shares*

(iv)

Shared power to dispose or to direct the disposition of

         0 shares

Item 5.

Ownership of Five Percent or Less of a Class

          If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [    ].

Instruction: Dissolution of a group requires a response to this item.

         *Represents shares held directly by NP. By virtue of their relationship with NP, the Controlling Persons may each be deemed to beneficially own the 538,000 shares of Common Stock of the Issuer held by NP.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

                  Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

                  Not Applicable

Item 8.

Identification and Classification of Members of the Group

                  See Exhibit A.

Item 9.

Notice of Dissolution of Group

Item 10.

Certification

        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

NEWCASTLE CAPITAL GROUP, L.P.