Topgolf Callaway Brands: No Signs Of Recovery In Sight

Following my coverage on Topgolf Callaway Brands (NYSE: MODG ) in Aug'24, for which I recommended a sell rating due to my expectation that SVS (same venue sales) will not recover anytime in the near future, givenI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn t ...