It has been a couple weeks since I posted on here. Had a family vacation and then a week long work trip back to back so been busy. A few more trips planned this summer but want to get back to being more active.

As a newer investor, I am still learning things along the way. This might make me look like a dummy (there is a reason my profile says "mediocre investor"!) but this was the first time I have realized just how big an impact share dilution can have. I see talks about SBC and other forms of dilution sometimes on FinTwit but never really gave it too much thought.

I have been big on $ELY for a little over a year now. I am extremely bullish on Top Golf and golf in general for that matter. I noticed the other day that the PE had gone from around 10-12ish to 31. I started doing some digging and noticed the shares outstanding literally doubled (94M to 184M) a while back. When they acquired Top Golf, they paid $2.6B in stock. Unfortunately Top Golf is what drew me to Callaway but I never thought to go back and look at the terms of the deal so I had no idea. As a result, I trimmed it from a 6% position to 4%. Commonstock just hasn't updated yet. I still like the company long term but scaled back my exposure and this prompted a deeper dive into $CROX with the HeyDude acquisition.

This is why a good chunk of my money goes in the S&P and the Qs; still have a lot to learn!