Topgolf Callaway Brands: Cheap Valuation Relative To Peers Post Earnings

Tim Boyle Summary Shares of Topgolf Callaway Brands Corp. (NYSE:MODG) are down more than 50% since its all-time highs set in 2021. The widely known golf company reported better than expected revenue this week, sending shares higher. Despite this, Wall Street is still skeptical on the longer-term plans with Topgolf Management's expansion plans have been expensive and unsurprisingly have impacted bottom-line earnings and short-term valuations. However, I think the sell-off over the past few years could be ...