Ticker: MODG ⛳ 
Price: $7.70 (+4.19%, as of June 10, 2025)
Trigger: 📌 Multiple insider purchases, institutional support, and signs of a business turnaround.

📥 Big Insider Buys = Big Belief?

Adebayo Ogunlesi (Director) just doubled down like a Tour pro:

• June 6: +461,583 shares @ $6.62 = $3.06M

• June 4: +383,701 shares @ $6.47 = $2.48M
  Other insiders joining the clubhouse:

• 🏌️♂️ Glenn Hickey (EVP): 10,000 shares

• 👔 CEO Oliver Brewer: 20,000 shares

• 🧢 Director Russell Fleischer: 30,000 shares

These aren't putt-putt purchases. This is a serious bet on the company's direction. 🤑

🏦 Institutional Power Play

Institutions hold 96.36% of the float. That includes:

• BlackRock (12%)

• Providence Equity (11.5%)

• Vanguard (7.9%)

• Goldman Sachs, Morgan Stanley, and more.

When the big guys stay on the green, retail investors might want to bring their clubs. 🏌️♀️📊

🔍 For full Institutional Ownership breakdown, see here.

📊 Q1 2025 Results: A Mixed Bag, But Signs of Stabilization

• 💰 Net revenue: $1.09B (down 4.5% YoY — but above expectations)

• 📈 Adjusted EBITDA: $167.3M (+4.0%)

• 🧾 Non-GAAP EPS: $0.11 (vs. $0.08 in Q1 2024)

• 💳 Available liquidity: $805M (up 12%)

• 🎯 Jack Wolfskin sale in progress, Topgolf separation planned

CEO Chip Brewer: “We met or beat plan in all segments.” Translation? ⛳ Better than feared.

🚨 Segment Breakdown

Topgolf:

• Revenues down 12% at same venues

• Losses reduced via cost cuts

• Separation on deck = 🔄 strategic reset

Golf Equipment:

• Revenue down slightly due to FX & fierce competition

• 💥 Operating income up $19.5M thanks to cost control & margin improvement

• 🏆 Elyte Driver winning awards

Active Lifestyle:

• Revenues down due to Wolfskin resizing in Europe

• 💪 Operating income up $5.9M, China still growing

👉 Want the full picture? Dive into Topgolf Callaway Brands’s financials here.

📉 Still Below Par… But Value in the Rough?

Let’s not sugarcoat it:

• 📉 Shares are down 80% from the $37.75 ATH (2021)

• 🧾 Net income this quarter = $2.1M

• 🏚️ Still rebounding from a massive $1.45B goodwill write-off in 2024

• 💸 Price/Sales: 0.32 | Price/Book: 0.56 | EV/Revenue: 0.94 → That’s… cheap.

The company may be described as mid-swing in a turnaround.

⛳ 5 Bullish Signals

1. Insider Buying: Consistent, large, and confident

2. Institutional Support: Wall Street’s still playing this round

3. Turnaround Strategy: Cost cuts, asset sales, separation of Topgolf

4. Liquidity Is Up: $805M available = breathing room

5. Valuation: Deep value metrics… if results improve

😬 5 Risks to Keep in Play

1. Revenues & profits still under pressure

2. Consumer softness + tariffs = headwinds

3. Restructuring not yet done

4. Growth story unclear until Topgolf separation lands

5. Insider bets don’t always pay off 🃏

Interested in another investment idea?
Check our take on UnitedHealth Group.

🦅 So... Can MODG Score a Double Eagle?

A double eagle (albatross) is a near-mythical golf score: 3 under par on one hole.
And while MODG shares might not hit that miraculous shot anytime soon…

A birdie? Maybe.
An eagle? Why not?
At these levels, a swing might be worth it — especially with the pros betting behind the scenes.

🏌️⚖️ Disclaimer

We don’t play much golf.
Last time we tried, it turned into a hike.
Do your own research. Score your own game.
Invest at your own risk. 💼⛳

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