Topgolf Callaway Brands: The Stock Is Attractive, Even Without A Buyout [Seeking Alpha]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Seeking Alpha
The potential buyout plan involves selling the Callaway Golf operations for around $2.98 billion. The management team issued a statement denying any discussions but a deal could still be in the early stages. Such a deal would need to be at a substantial premium because of how cheap the stock is. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » March 20th ended up being a very interesting day for shareholders of Topgolf Callaway Brands NYSE: MODG ). Shares of the business spiked, climbing as high as 15.1% before closing 8.8% higher. This was in response to a report that the business could very well be up for sale. The allegation was that the company's major shareholders had selected a lead manager and were in the process of selling their ownership stakes and management rights in the firm. Any sort of purchase like this would likely result in significant upside for investors in a ver
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MODG
News
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at B. Riley from $18.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Topgolf Callaway Brands to Release First Quarter 2024 Financial ResultsPR Newswire
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at Truist Financial Co. from $18.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- [Latest] Global Golf Training Aids Market Size/Share Worth USD 4.6 Billion by 2033 at a 5.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Topgolf Callaway Brands (NYSE:MODG) shareholders have endured a 47% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
MODG
Earnings
- 2/13/24 - Beat
MODG
Sec Filings
- 4/24/24 - Form 4
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- MODG's page on the SEC website