Is Topgolf Callaway Stock Ready to Crush the Market?
According to multiple studies, as many as 90% of corporate mergers and acquisitions fail. One reason is that companies think they can find "synergies" by combining businesses, and when those synergies don't materialize, the businesses' financials -- and, therefore, share prices -- start underperforming for investors.
Topgolf Callaway Brands (NYSE: MODG) looks like one of the few mergers that could buck this trend. The golf giant and owner of various lifestyle brands has put up promising growth numbers since its merger in 2021 and seems to have a long runway of growth ahead. And yet the stock price has not reflected this growth, with shares down over the last 12 months while the broad market S&P 500 index is up 18%. This indicates a possible buying opportunity in Topgolf Callaway shares at these prices.
Is Topgolf Callaway stock ready to crush the market? Let's take a closer look.
Source Fool.com
