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Callaway & Topgolf merger

rated by 0 users
Thu, Oct 29 2020 7:10 AM (9 replies)
  • Dave33200
    1,645 Posts
    Tue, Oct 27 2020 5:09 PM

    I wounder how this will impact the game? Not much detail in the link. 

    We may start seeing a lot more Callaway equipment soon.

     

    https://www.msn.com/en-us/sports/golf/callaway-golf-topgolf-announce-massive-merger/ar-BB1asdmk?li=BB15ms5q

     

    Here is another link. Looks like they want the driving ranges.  

     

    https://www.msn.com/en-us/money/companies/callaway-to-buy-the-rest-of-driving-range-chain-topgolf/ar-BB1arO8B?li=BBnbfcN

  • twinponds169
    2,247 Posts
    Tue, Oct 27 2020 6:19 PM

    Dave33200:
    I wounder how this will impact the game?

    First things first....avatar makeovers.....all lefty swinging with faces resembling Phil Mickelson

  • SimonTheBeetle
    1,446 Posts
    Tue, Oct 27 2020 6:25 PM

    And MORE over-priced ultimate top gears with Callaway brand for sure.

  • AlaskanDame
    12,177 Posts
    Tue, Oct 27 2020 7:02 PM

    Dave33200:
    Looks like they want the driving ranges. 
    Well, outdoor recreation is definitely having a hey day,  Only hope Callaway realizes indoor pursuits are still crucial, too.

  • craigswan
    18,145 Posts
    Wed, Oct 28 2020 8:32 AM

    Might be worth buying a few shares . We could all chip in .

    Can user's buy shares .

    Quotes .

     Topgolf also has a mobile golf game called World Golf Tour with 28 million members..

    Callaway will assume Topgolf’s debt of about $555 million. So maybe not .

     

  • AlaskanDame
    12,177 Posts
    Wed, Oct 28 2020 8:57 AM

    craigswan:
    Callaway will assume Topgolf’s debt of about $555 million. So maybe not
     The number of shares to be issued is based upon an implied equity value of Topgolf of approximately $2B, including the 14% already owned by Callaway.


  • AlaskanDame
    12,177 Posts
    Wed, Oct 28 2020 9:01 AM

    The stock is down 23% today.  16 million shares of “short” interest made a killing.  Ticker symbol is ELY.  Guess “Long” investors don’t like the additional share dilution. . . . or something.  For the price of a good wedge, you too can own a share @$14.XX.

  • twinponds169
    2,247 Posts
    Wed, Oct 28 2020 9:15 AM

    AlaskanDame:
    The stock is down 23% today.

    Thinking the market in general is ready for a crash of sorts with the virus surge and lack of stimulus.

  • craigswan
    18,145 Posts
    Thu, Oct 29 2020 7:10 AM

    Been in touch with my stockbroker charles schwab .

    Told him to get me the minimum holding 500 dollors .

    they replied - are you sure . no free golf balls with purchase .

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