Is It Time to Buy Topgolf Callaway Stock Again?

Investors can't seem to land on the green these days when it comes to Topgolf Callaway Brands (NYSE: MODG). The market isn't impressed by the company behind the Topgolf chain of high-tech driving ranges and several golf gear brands -- including its signature Callaway clubs, as well as the TravisMathew, Jack Wolfskin, and Ogio acquisitions -- which gave the company some skin in the apparel, footwear, and golfing-bag games. In an SEC filing on Monday, Topgolf Callaway Brands announced that it was busy buying back a chunk of its shares outstanding last week.