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1 Cheap Stock for a Re-Opening Boom

TheMotleyFool

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When Callaway (NYSE: ELY) bought Topgolf earlier this year, it transformed the golf club manufacturer into a golf technology and entertainment company. Nearly half of the company's revenue now comes from Topgolf, and it's a business that's still growing at a rapid rate.

As the economy and entertainment spending improve coming out of the pandemic, Topgolf could be one of the biggest beneficiaries. The golfing venue operator generates a whopping $17 million in revenue and $5 million in adjusted EBITDA per venue, and management is hoping to grow from 70 venues today to over 450 -- so this could be a great time to get in on a growth stock for cheap.

Image source: Getty Images.

Source Fool.com

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