Overlooked Alpha

Overlooked Alpha

Topgolf's Path To 150% Gains

Unpacking the MODG Stock Decline

Joe | 3MB and Overlooked Alpha
Oct 16, 2023
∙ Paid

Highlights:

  • Shares in this popular consumer leisure company have fallen off a cliff and shorts continue to press.

  • Slowing venue sales and a levered balance sheet are a concern. But the business is performing better than bears argue.

  • This could be a value trap. But a path to huge upside makes the risk worth taking.

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