During this episode of SSOI podcast, I spoke with DominickD'Angelo, Head of Research, of O’Keefe Stevens Advisory. Dominick shared his TopGolf Callaway (MODG) investmentcase.
Here’s what we discussed:
1:55 Dom shares his background
4:35 O’Keefe Stevens Advisory’sapproach to managing client assets
6:35 How O’Keefe Stevens Advisory constructsclient portfolios
8:15 Topgolf Callaway high leveloverview
15:30 Why the partial sale ofTopgolf will unlock value
20:10 Expected capital returnafter Topgolf sale closes
23:25 Overview of CallowayRemainCo
26:20 Growing interest in golfshould be a tailwind for Calloway RemainCo
30:15 Dom shares his fair valueestimate for Calloway RemainCo
36:35 How Dom gets to over $1/shareof earnings for RemainCo in 2027
40:35 The biggest risks to MODG
43:35 Why Dom is comfortable thatmanagement won’t make another bad acquisition
46:15 Two potential positive righttail events
48:15 How to get in touch with Domand learn about O’Keefe Stevens Advisory
During this episode of SSOI podcast, I spoke with DominickD'Angelo, Head of Research, of O’KeefeStevens Advisory. Dominick shared his TopGolf Callaway (MODG) investmentcase.
