Jul. 24 at 12:05 PM
I started accumulating beaten up
$MODG near its lowest lows this year & it knocked about in the primordial soup until
$MODG's Director Ogunlesi Adebayo dropped a cool
$2 mil buying up shares & he kept buying over the course of a month or so as it ran up as if to say, "yeah, it's still cheap here, too". When it was all said and done,by 1 account, his
$MODG shopping spree topped
$5 mil. That's the kind of signal you want to see & a few investors took notice. And it's still cheap here on the cusp of
$10. Why?
$MODG has a catalyst. Later this year Callaway is spinning off a freshened up Top Golf with a clean balance sheet and cash. Callaway will retain an ownership stake but otherwise get back to the steady business of being one of the great market dominant names in golf. As for us? We'll have our Callaway shares & recieve tax free shares of the Top Golf solo venture to do with as we please. I expect pre-spin
$MODG to keep moving up from here in the leadup to the spin.
