Topgolf Callaway Brands Corp. (MODG): A Bull Case Theory

We came across a bullish thesis on Topgolf Callaway Brands Corp. on Coughlin Capital’s Substack by Brian Coughlin. In this article, we will summarize the bulls’ thesis on MODG. Topgolf Callaway Brands Corp.'s share was trading at $8.86 as of July 11^th. MODG’s trailing and forward P/E were 98.91 and 156.25 respectively according to Yahoo Finance.

[caption id="attachment_1238707" align="aligncenter" width="768"] A golfer in the summer sun taking a swing on the green of a pristine golf course.[/caption]

MODG, the hybrid entity formed after Callaway’s merger with Topgolf,...