Why I'm Upbeat on Callaway Stock
Technology stocks have exploded over the past two years as investors bet that people will be spending more and more time and money on their computers and the internet. What's being left behind are the in-person activities that may not be quite as high-growth or high-margin as their software rivals but are perhaps more cherished now as people venture outside and socialize again.
I think this dynamic presents an opportunity for investors to buy a world-leading sporting goods company like Callaway Golf (NYSE: ELY), recently strengthened by its merger with Topgolf and its golf-hitting bays, complete with bar and waitstaff. This entertainment concept has an opportunity to transform Callaway into a company that is not only highly profitable, but potentially even high-growth through software-related spinoff products.
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Source Fool.com
