$8 Callaway's 20% Of TopGolf Worth Up To $2 A Share

WSJ's David Englander suggests analysts thinks Callaway's stock is primed for huge growth over the next few years.

You'll have to skim past the usual Wall Street boilerplate stuff about CEO Chip Brewer moving the company out of underperforming businesses, streamling, cutting, repositioning, yada, yada...

But what of interest was this buried lede on the company currently trading at $8 a share.

Callaway owns valuable assets, including a nearly 20% stake in TopGolf, a golf-themed entertainment venue in Dallas, Texas, started in 2000. According to Boyar Research, Callaway’s stake could be worth about $2 a share.

Worth checking out from the PGA Show was this Gary Williams interview of Brewer where Williams asks about the industry habit of releasing too much “product” and Brewer’s refreshingly blunt answer.