My $ELY trades
As noted to subscribers in recent days...$ELY announced better than expected quarterly results. Stock is down 50% in past year.
The Top Golf acquisition (completed in March 2020, just as the pandemic set in) should finally start to pay off. Company is noting increased 'corporate outing' activity at Top Golf and raised estimates for 2022.
Analysts expect profits of $0.66 this year, $0.88 next year, and $1.22 in 2024. Let's not forget that these estimates still largely reflect the depressed business activity of the pandemic.
I'm also encouraged by $ELY insider buys. The CEO and CFO made large purchases in December at $25, then even bigger buys in March at $21.
Risk control is always important. We should always know at what price we'll get out of an investment or trade if it's not going our way. I show subscribers a specific formula to make sure we don't take on too much risk, relative to size of portfolio.