Dave Shultz on LinkedIn: Topgolf Callaway Stock Fell Close to 25% This Week. Here's Why. | 18 comments (2024)

It’s easy to be caught by surprise when you live with your head in the sand, as Chip Brewer did after his acquisition of Topgolf.I will always remember calling him on his cellphone, and being surprised when he answered!I was excited to share the six years of history I had accumulated about TG, but he said “I don’t really know anything about the company, you will have to speak with them.”Troon’s Tim Schantz just told me “I’m not your guy, don’t talk to me.”Not sure which conversation was more telling…Let’s #growthegameTogether With gratitude, and accountability, always

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The creative process requires trial and error, and that is why it is important to love what you do.My wife likes to bring up Einstein’s insanity theory, often, as her rationale for believing (sometimes) that I am certifiably insane…You know, this one: “The definition of insanity is doing the same thing over and over again, yet expecting a different result.”These days I just remind her of a movie we saw with Tom Cruise where he literally gets killed over and over again, only to wake up in the exact same moment in time to begin his journey again.Eventually he learns how to stay alive, and he saves the world, in the end! 🌍 Let’s #growthegameTogether With gratitude always

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Sunday reflections:Looking forward, moving forward, learning, and growing…Of my ten inspirational anchors, the one that became a daily habit is this one by William Arthur Ward, who died in 1994:“Feeling gratitude and not expressing it is like wrapping a present and not giving it.”Being a good human, is good business, as it turns out…photo taken by me: Ayreshire, Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿 2016Let’s #growthegameTogether With gratitude always

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Happy Saturday everyone!Imagine you realize that you have discovered “the keys” to golf’s future, about a decade ago…Imagine that you spend the next six years sharing this fact, while trying to build consensus on how to build the global delivery system…(Six million dollars later, with gratitude to private investors…)Imagine a global pandemic arrives, and suddenly the insiders recognize the value of all of that time & money invested by you…(They just decided to steal it, and to pretend you never existed, forever more…)“You cannot connect the dots looking forwards, but Stephen Mitchell can sure connect them looking backwards! ❤️ Business is business, after all…”Let’s #growthegameTogether With gratitude, and accountability, always…

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This is a pretty good summary of the situation for Topgolf Callaway Brands.There is a lot left unsaid, making Topgolf a highly corrosive asset, and for those reasons alone I can’t see anyone stepping up to purchase it, anytime soon.If I had to guess, I would say that Topgolf Callaway Brands will be forced into a chapter 7 bankruptcy quite soon…The sooner that the healthy brands inside their portfolio find new homes, the better off they will be…The PGA of America, NGCOA, NGF, and GOLF INC, are all left with a lot of egg on their respective faces. Don Rea, PGA Jay Karen Greg Nathan Jack Crittenden Let’s #growthegameTogether With gratitude, and accountability, always…https://lnkd.in/gq2z7VrF

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Chip Brewer, from today’s 2Q earnings report…“At the same time, we have been disappointed in our stock performance for some time, as well as the more recent same venue sales performance. As a result, we are in the process of conducting a full strategic review of Topgolf. This review includes the assessment of organic strategies to return Topgolf to profitable same venue sales growth, as well as inorganic alternatives, including a potential spin of Topgolf. Our strategic review of Topgolf is being conducted with the help of outside advisors and is focused on maximizing long-term shareholder value. We are active in this work at present and expect to complete our strategic review of Topgolf expeditiously. We will report back on this when the work is complete.”The end of the road has arrived, for Topgolf…The fallout is significant, as the PGA of America, NGCOA, NGF, GOLF INC have entangled themselves in ways that are not good for the health of the game of golf, at large.Let’s #growthegameTogether With gratitude, and accountability, always https://lnkd.in/gQu54Xr8

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I’m not sure this commentary from our 45th President of the United States of America has been shared broadly enough yet, so wanted to do my part…He’s just a frightened little man, now, don’t fear him any longer.Let’s #growthegameTogether With gratitude, and accountability, always

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With the ticket for our next US President finally solidified, the curtain call is coming for golf’s disrupters.People have often asked me why golf and politics are so intertwined?A: DJTWhy?Think about the dilemma for The Kingdom of Saudi Arabia, who made growing golf into a national pastime sport for their people as part of Vision 2030.DJT is poison for growing the game, because he represents the opposite character of the sport itself, which is rooted in integrity and fair play.To truly “grow the game” the business side of golf must also operate with integrity and fair play as two cornerstones.That said, if DJT was to win in November, he would punish the Saudi leadership for any actions to make golf great again!Therefore, they had to “know” which way the dominos are going to fall this November, or risk the wrath of The Donald in the future…NextLinks, and yours truly, played a role in tipping the scales, and that makes me feel proud of my own true self.Let’s #growthegameTogether With gratitude, and accountability, always

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Super excited for this ticket!Let’s #growthegameTogether With gratitude, and accountability, always…https://lnkd.in/gDCbdTUi

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