Buy Topgolf Callaway Stock. Why the Battered Shares Are Worth a Shot.


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Topgolf operates about 80 high-tech driving venues around the country, like the one pictured here in Orlando, Fla.

Courtesy Topgolf

Fans of Topgolf Callaway Brands one of the few pure-play golf stocks, think it can deliver the investment equivalent of a hole-in-one. But lately, the performance of its shares has resembled a poorly struck shot into the deep rough.