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Category: Premium Articles
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Subs: A Sale
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Subs: Tuesday’s Links
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Subs: Interesting Oil Trends…..
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Subs: Treasury Letter
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Subs: TopGolf Value Climbing
We previously estimated ELY’s stake in TopGolf at $246M. With this investment the company now estimates their stake to be worth $290M. It is also worth noting they are increasing their stake in the company ands that is a fantastic sign. This is the first time they have publically put a number on their ownership. The TopGolf stake now represents 21% of the total market cap of ELY and this remains a hidden asset so few know about.
We are up 80% in this investment to date and I think we have plenty more upside
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Subs: Pipeline A Go…..
This is unfolding as expected……I still highly doubt Mnuchin will let the government’s warrants, which could be worth $50-$70B become worthless. The only way for that to happen is for the common stock to retain value.
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Subs: Layer 3 Sold
Franklin has been very opportunistic in his purchases stepping in each time the stock drops
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