Drive Shack Inc (DSHK)

[Enterprising Investor]

Never leaving.

[StockBull]

We are keeping it on the hush hush here. DS is extremely undervalued. Slow and steady climb from here.

[interloper]

Wow , a dead board and this chart looks ready to go

[whytestocks]

News: $DS Success of New Venues Showcased in Drive Shack Inc.'s Third Quarter 2019 Results

The Company announces successful opening of 3 new Drive Shack venues, results significantly outperform expectations Achieves goal of selling 24 owned golf courses for total proceeds of ~$170 million Drive Shack Inc. (NYSE: DS), a leading owner and operator of golf entertainment an...

Find out more DS - Success of New Venues Showcased in Drive Shack Inc.'s Third Quarter 2019 Results

[Enterprising Investor]

Investor Presentation (8/06/19)

http://ir.driveshack.com/Cache/1500122645.PDF?O=PDF&T=&Y=&D=&FID=1500122645&iid=4040318

[Enterprising Investor]

CEO Ken May is also taking a leave of absence.

[Enterprising Investor]

Drive Shack Announces Leadership Addition and Second Quarter 2019 Earnings Results (8/06/19)

Drive Shack Inc. (NYSE: DS; the “Company”), an owner and operator of golf entertainment venues and traditional golf courses, is excited to announce the appointment of Hana Khouri as President of the Company.

“Hana has a track record of successfully operating golf entertainment venues and extensive knowledge of the industry,” said Wes Edens, Chairman of the Company’s Board of Directors. “I am confident that she is the right person to lead our expansion and execute the strategic priorities of this business.”

Ms. Khouri worked at Topgolf alongside Ken May, Chief Executive Officer of Drive Shack, from 2013-2018, serving in various roles including National Director of Operations and International Director of Operations. During this time, she oversaw the opening of more than 20 Topgolf locations globally.

Additionally, the Company announced a new venue format referred to as the “Urban Box.” This smaller, indoor store is designed for dense, urban locations and will expand U.S. store potential by over 100 markets. The indoor concept is set to debut alongside Drive Shack’s mid-size venue in 2020.

The Company also announced that during the quarter it completed the sale of two public golf properties in New Jersey and California and two private golf properties in Tennessee and Washington for total gross proceeds of approximately $20 million.

For the three months ended June 30, 2019, the Company reported a loss of $14 million, or ($0.21) per share, compared to a loss of $6 million, or ($0.09) share, in the corresponding period of the prior year. The difference is primarily related to the amount of decreased operating results associated with the sale of traditional golf properties.

The Board of Directors of the Company declared dividends on the Company’s preferred stock for the period beginning August 1, 2019 and ending October 31, 2019. The dividends are payable on October 31, 2019, to holders of record of preferred stock on October 1, 2019, in an amount equal to $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

Conference Call Today

Management will hold a conference call to discuss these results today at 9:00 a.m. Eastern Time. The conference call can be accessed over the phone by dialing 1-866-913-6930 (from within the U.S.) or 1-409-983-9881 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference conference ID “9575248.”

A copy of the earnings release will be posted to the Investor Relations section of Drive Shack Inc.’s website, http://ir.driveshack.com.

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at http://ir.driveshack.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.

A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:30 P.M. Eastern Time on Tuesday, August 6, 2019 by dialing 1-800-585-8367 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference conference ID “9575248.”

Additional Information

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, http://ir.driveshack.com. For consolidated information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, http://ir.driveshack.com.

https://www.businesswire.com/news/home/20190806005354/en/Drive-Shack-Announces-Leadership-Addition-Quarter-2019

[whytestocks]

News: $DS Drive Shack Inc. Schedules First Quarter 2019 Earnings Release and Conference Call

Drive Shack Inc. (NYSE: DS) announced today that it will release its first quarter 2019 financial results for the period ended March 31, 2019 on Friday, May 10, 2019, prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Friday, May 1...

In case you are interested https://marketwirenews.com/news-releases/drive-shack-inc-schedules-first-quarter-2019-earnings-release-and-conference-call-8041486.html

[Enterprising Investor]

Drive Shack Announces Fourth Quarter and Full Year 2018 Results and Declares First Quarter 2019 Preferred Stock Dividends (3/14/19)

NEW YORK--(BUSINESS WIRE)--Drive Shack Inc. (NYSE:DS), an owner and operator of golf entertainment and dining venues and traditional golf courses, today announced financial results for its fourth quarter and full-year ended December 31, 2018.

Business Highlights

Drive Shack

- Announced four new Drive Shack locations in: Chicago, IL; Houston, TX; Newport Beach, CA; and Portland, OR

- Awarded Drive Shack New York City in Manhattan

- Drive Shack Orlando, which opened in April 2018, generated $1.6 million of revenue in Q4 with spend per visitor of $41, up 8% compared to Q3

American Golf Corporation

- Golf course sales of $90 million from 13 courses in 2018, with a total of $115 million from 15 courses to date

- American Golf Corporation full year 2018 revenue generation of $309 million

- Grew public course The Players Club Members by 14% and private course average Full-Golf Membership Dues Per Member by 4%, on a same-store basis over prior year

Ken May appointed Chief Executive Officer, following four years as CEO of Topgolf

David Hammarley appointed Chief Financial Officer, with two plus decades of hospitality experience across such companies as sbe and Starwood Hotels & Resorts

“In 2018, we took a big step in our transition from a traditional golf company to a full-fledged entertainment business with great golf content. We now look forward to a transformative 2019, as we quadruple the number of our golf entertainment venues. Expansion into dining and entertainment is our top priority, and we continue to invest in identifying new Drive Shack locations, building them quicker, and improving the customer experience for our guests,” said Ken May, Chief Executive Officer.

“We generated $115 million in gross proceeds from the sale of 15 owned golf courses and repaid $102 million of debt. As we continue to monetize our golf courses, these proceeds will serve as the platform for growth for our entertainment golf business where we are targeting 20 open units by 2022,” said David Hammarley, Chief Financial Officer.

Development

Since third quarter of 2018, the Company signed 4 new locations across Chicago, IL; Houston, TX; Newport Beach, CA; Portland, OR. The company plans to open up 3 new Drive Shack site locations in Raleigh, NC, West Palm Beach, FL, and Richmond, VA in the second half of 2019.

Financial Outlook

Our FY 2019 expectations and stabilized targets are as follows:

- Drive Shack Orlando site is targeted to break even from a cash flow perspective in 2019 and continue to ramp up its revenues and cash flow generation in 2020 onwards

- Raleigh, West Palm Beach, and Richmond planned to open in the second
half of 2019

- Plan to open 3 to 5 new sites in 2020 and 5 to 10 sites in 2021 and 2022

- Targeting over 20 sites by 2022

- Stabilized target Drive Shack entertainment unit economics:

-- Cost to build between $20 to $35 million across the varying markets and relevant venue formats

-- Top-line revenues anticipated to be $15 to $25 million with target EBITDA margins of approximately 25%-30%

- Complete the remaining short-term course sales by end of 2019 with total gross proceeds of approximately $175 million from 24 of 26 owned courses
Continue to explore the monetization of the remaining 2 owned courses in 2019

- Stabilized traditional golf business to generate revenue of approximately $175 million and target annual free cash flow of over $10 million in 2020 and beyond

Preferred Stock Dividends

The Company will pay dividends on April 29, 2019 to holders of record of preferred stock on April 1, 2019, for the period beginning February 1, 2019 and ending April 30, 2019, in an amount equal to $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

Financial Results

[Tables deleted]

Conference Call Today

Management will hold a conference call to discuss these results today at 9:00 a.m. Eastern Time. The conference call can be accessed over the phone by dialing 1-866-913-6930 (from within the U.S.) or 1-409-983-9881 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference conference ID “2396776.”

A copy of the earnings release will be posted to the Investor Relations section of Drive Shack Inc.’s website, http://ir.driveshack.com.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at http://ir.driveshack.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.

A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:30 P.M. Eastern Time on Thursday, March 28, 2019 by dialing 1-800-585-8367 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference conference ID “2396776.”

Additional Information

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, http://ir.driveshack.com. For consolidated information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, http://ir.driveshack.com.

About Drive Shack

Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses.

https://www.businesswire.com/news/home/20190314005301/en/Drive-Shack-Announces-Fourth-Quarter-Full-Year

[Enterprising Investor]

Drive Shack Shifts Strategy, No Longer Pursues Marietta Market (1/11/19)

NEW YORK--(BUSINESS WIRE)--Drive Shack no longer plans to develop a venue in Marietta, GA. The change in direction comes as part of the company’s enhanced strategy and plans for growth, now led by new CEO Ken May.

Previously, May served as CEO of Topgolf where he was pivotal in the business’s growth, opening 24 stores and quadrupling the company’s workforce, all in just four years. Under his guidance Drive Shack aims to be positioned for similar growth. As part of the shift in direction, the company will be taking a deeper look at locations in which American Golf, a Drive Shack Inc. subsidiary, currently operates.

The City of Marietta has been an incredible partner and advocate of Drive Shack. We greatly appreciate and are thankful for all the support they have given us.

ABOUT DRIVE SHACK INC.

Drive Shack Inc. (NYSE:DS) is a publicly traded owner and operator of golf-related leisure and entertainment businesses. The company’s subsidiaries include American Golf, its traditional golf enterprise that operates private, resort and public golf courses nationwide, and Drive Shack, a golf and entertainment company that features the latest in golf and gaming technology with venues offering signature interactive range games, virtual course play, restaurant and bar, and classic arcade game center. Drive Shack opened its first venue in Orlando, April 2018, and has several locations opening in 2019 including Raleigh, NC; Richmond, VA and West Palm Beach, FL. For more information visit driveshack.com.

https://www.businesswire.com/news/home/20190111005494/en/Drive-Shack-Shifts-Strategy-Longer-Pursues-Marietta

[Enterprising Investor]

Drive Shack Inc. Closes Sale on 11 of Its American Golf Properties (12/27/18)

National Golf Company Locks in Capital to Further Growth & Expansion Plans

NEW YORK--(BUSINESS WIRE)--Drive Shack Inc. (“Drive Shack” or the “Company”) announced today the completion of the sales of 11 golf properties owned and operated by its American Golf subsidiaries. Generating proceeds of approximately $82.5 million, the courses sold include Canyon Oaks Country Club in Chico, CA; El Camino Country Club in Oceanside, CA; Monterey Country Club in Palm Desert, CA; Oakhurst Country Club in Clayton, CA; Oregon Golf Club in West Linn, OR; Palm Valley Country Club in Palm Desert, CA; Plantation Country Club in Garden City, ID; Seascape Golf Club in Aptos, CA; Sunset Hills Country Club in Thousand Oaks, CA; The Trophy Club of Apalachee in Dacula, GA; and Wood Ranch Golf Club in Simi Valley, CA. The net proceeds from the sales were used, together with cash on hand, to prepay $102 million in outstanding debt.

American Golf will remain the management company for each of the golf properties that were sold, except for Apalachee, Oakhurst and Seascape courses.

“This is a massive step forward in our strategy to monetize the portfolio of owned courses” said Ken May, Drive Shack Inc. CEO. “We continue to move in the right direction with American Golf, focusing on optimizing and growing our leased and managed courses.”

The company announced its decision to sell all 26 of its American Golf owned properties earlier this year and expects to generate nearly $175 million in capital from the sales. To date, 12 courses have been sold. American Golf will continue to operate its leased and managed properties and grow the portfolio through the addition of new management agreements.

ABOUT DRIVE SHACK INC.

Drive Shack Inc. (NYSE:DS) is a publicly traded owner and operator of golf-related leisure and entertainment businesses. The company’s subsidiaries include American Golf, its traditional golf enterprise that operates private, resort and public golf courses nationwide, and DriveShack, a golf and entertainment company that features the latest in golf and gaming technology with venues offering signature interactive range games, virtual course play, restaurant and bar, and classic arcade game center. Drive Shack opened its first venue in Orlando, April 2018 and has several locations opening in 2019 including Raleigh, NC; Richmond, VA and West Palm Beach, FL. For more information visit driveshack.com.

https://www.businesswire.com/news/home/20181227005065/en/Drive-Shack-Closes-Sale-11-American-Golf

[Enterprising Investor]

Investor Presentation (11/08/18)

http://ir.driveshack.com/Cache/1500114952.PDF?O=PDF&T=&Y=&D=&FID=1500114952&iid=4040318

[Enterprising Investor]

My Office: Ken May (12/2016)

Take a look inside the Topgolf CEO's colorful, playful workspace.

At Dallas-based Topgolf, Ken May says, “having fun and an edgy spirit is very, very important.” For proof, he says, consider the company’s headquarters space, where there are two beer taps in the lobby and all the office walls are glass, because “we’re totally transparent.” May’s own office is colorful, playful, and “a little weird,” befitting a CEO who once promised to—and did—wrestle a Hulk Hogan imitator after his employees hit a huge sales goal. That was at FedEx Kinko’s (now FedEx Office), where May worked for 25 years and became CEO before joining Topgolf in 2013. A “global sports-entertainment community” featuring food, beverages, and golf games using micro-chipped balls, Topgolf currently has 28 locations and plans to open 15 more over the next five years. May has also served as president of Krispy Kreme and as chairman of the March of Dimes national board of trustees.

https://www.dmagazine.com/publications/d-ceo/2016/november/my-office-ken-may/#image-1

https://www.dmagazine.com/publications/d-ceo/2016/november/my-office-ken-may/#image-2

https://www.dmagazine.com/publications/d-ceo/2016/november/my-office-ken-may/#image-3

https://www.dmagazine.com/publications/d-ceo/2016/november/my-office-ken-may/

[Enterprising Investor]

Drive Shack Inc. Announces Leadership Additions and Third Quarter2018 Earnings Results (11/08/18)

NEW YORK--(BUSINESS WIRE)--As Drive Shack Inc. (“Drive Shack” or the “Company”) continues to transform into a leading golf and entertainment company, the Board of Directors is excited to announce the addition of Ken May and David Hammarley to the management team to further drive the growth of the business. Ken May, who joins the Company as Chief Executive Officer and President, was most recently the Chief Executive Officer of Topgolf. During his 4 years at Topgolf, he oversaw 24 openings and a quadrupling of the company’s workforce. “Ken has a proven track record as a golf entertainment innovator and operator,” said Wes Edens, Drive Shack’s Chairman of the Board of Directors. “We will greatly benefit from his leadership and experience, which is second to none in the golf entertainment arena.”

David Hammarley, who joins the Company as Chief Financial Officer, brings a diverse offering of financial leadership experience from his two plus decades spent across companies such as sbe and Starwood. Most recently, David was the Chief Financial Officer of sbe and prior to that, he held roles across corporate financial planning and analysis, investor relations, risk management, operational finance and strategic planning while at Starwood. Ken and David will begin their appointments on November 12, 2018. Larry Goodfield will remain with the Company as Chief Accounting Officer and Treasurer, Sara Yakin will stay with the Company as Chief Operating Officer and Sarah Watterson will join the Board of Directors of the Company.

The Company also announced today that it has been awarded the highly coveted opportunity to build Drive Shack New York City, right in Manhattan. Leveraging the Company’s entertainment and traditional golf expertise, Drive Shack plans to operate the existing traditional driving range until breaking ground on the flagship Drive Shack venue in 2020. With 1 site open and 6 sites in different phases of development, the Company remains excited about the prospects of growing the entertainment golf business.

In order to provide capital to fund this growth, the Company began pursuing the sale of its owned courses in early 2018. The Company sold or plans to sell 24 properties for approximately $175 million of gross proceeds by the end of the first quarter of 2019. While the Company approaches the completion of the course sales, the American Golf team is focused on continuing to organically improve course performance and expand its national footprint through the addition of new management agreements.

The Company also announces today results for the third quarter of 2018. The Company recorded a loss of $15 million, or $0.23 per share, for the three months ended September 30, 2018, compared to a loss of $2 million,or $0.03 per share, in the corresponding period of the prior year. The year-over-year decrease is primarily due to lower interest income earned from debt investments held during the third quarter 2017 but not during the third quarter 2018, impairment charges related to two golf courses and lease termination charges.

[Tables deleted]

Lastly, the Company’s Board of Directors declares dividends on the Company's preferred stock for the period beginning November 1, 2018 and ending January 31, 2019. The dividends are payable on January 31, 2019 to holders of record of preferred stock on January 2, 2019. The Company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

INFORMATION REGARDING THE APPOINTMENT OF KEN MAY

Pursuant to Mr. May’s employment agreement dated November 7, 2018, the Company granted 3,351,355 of stock options to him, effective as of November 12, 2018, in connection with his appointment as Chief ExecutiveOfficer and President.

The maximum number of stock options that may be granted in the form of tax-qualified incentive stock options will be granted under the shareholder-approved Drive Shack Inc. 2018 Omnibus Incentive Plan (the “Plan”). The remaining stock options will be granted outside the Plan in the form of nonqualified stock options as a material inducement for Mr. May to accept his offer of employment in reliance on the “employment inducement award” exemption to Section 303A.08 of the New York StockExchange Listed Company Manual that generally requires shareholder approval of equity-based compensation plans. The stock options will have a per-share exercise price that is equal to the closing price of a share of the Company’s common stock on November 12, 2018. The stock options are generally subject to vesting in equal annual installments over a three-year period based on Mr. May’s continued employment with the Company, subject to accelerated vesting of the stock options that would vest on the next vesting date upon a termination of employment by the Company without “cause,” by Mr. May for “good reason” or as a result of his death or “disability” (each as defined in Mr. May’s employmentagreement).

ADDITIONAL INFORMATION & EARNINGS CONFERENCE CALL

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, http://ir.driveshack.com. For consolidated information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, http://ir.driveshack.com.

The Company’s management will host a conference call on Thursday, November 8, 2018 at 9:00 A.M. Eastern Time. A copy of the earningsrelease will be posted to the Investor Relations section of Drive ShackInc.’s website, http://ir.driveshack.com.

All interested parties are welcome to participate on the live call. Theconference call may be accessed by dialing 1-866-913-6930 (from withinthe U.S.) or 1-409-983-9881 (from outside of the U.S.) ten minutes priorto the scheduled start of the call; please reference conference ID “6938996.”

A simultaneous webcast of the conference call will be available to thepublic on a listen-only basis at http://ir.driveshack.com.Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internetbroadcast.

A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:30 P.M. Eastern Time onThursday, November 22, 2018 by dialing 1-800-585-8367 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference conference ID “6938996.”


ABOUT DRIVE SHACK INC.

Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses.

https://www.businesswire.com/news/home/20181108005308/en/Drive-Shack-Announces-Leadership-Additions-Quarter-2018

[Enterprising Investor]

New York City Officials Award Coveted Randall’s Island Golf Center Site to Drive Shack (11/08/18)

Investment to revitalize golf center, commitment to New York’s golfing community, support for local youth programs and local job creation helped secure land for new sports recreation complex

NEW YORK--(BUSINESS WIRE)--Today, Drive Shack Inc. (NYSE: DS), formally announced plans to open anew golf entertainment and recreation complex in Manhattan, after New York City Department of Parks and Recreation (“NYC Parks”) officials awarded the Company a site at Randall’s Island Park. Drive Shack will completely rebuild and replace the existing golf driving range with a year-round golf-centric recreation facility. The current Randall’s Island Park driving range is undergoing improvements and will reopen in April 2019 under Drive Shack’s subsidiary, American Golf. Operations will continue under American Golf’s supervision until breaking ground on the 3-story venue.

The development is expected to generate significant economic growth for the City including the creation of 350 permanent positions and over 150construction jobs. American Golf has worked with NYC Parks for over three decades, a partnership that Drive Shack will continue. A key focus will be community outreach, where alongside internal instructional programs, Drive Shack plans to work with school golf teams, Randall’s Island Park Alliance (RIPA) sponsored youth and development programs and other organizations, to utilize the Company’s enhanced golf technology and introduce a larger audience to golf while improving players’ skills. The completed facility will also include a renovated miniature golf course to further draw young people and their families to Randall’s Island Park.

“We know that the golf center is a beloved and a much-needed recreational resource at Randall’s Island Park. We are excited to welcome Drive Shack to the Island,” said Aimee Boden, President of Randall’s Island Park Alliance. “This state-of-the-art facility will create an environment for all levels of golfers (and New Yorkers) to come out and enjoy the Park.”

The new 18-acre facility will offer 96 climate-controlled hitting bays each holding up to 6 guests, which will not only dramatically increase recreational capacity, but allow guests to play all year long.

“We could not be more thrilled to add an iconic site like Randall’s Island to our rapidly growing national footprint,” said Drive Shack’s Sarah Watterson. “We look forward to continuing our more than 30-year partnership with the City to reimagine the golf center and further evolve the recreational offerings cultivated by the Randall’s Island Park Alliance.”

Compared to a traditional driving range concept geared exclusively towards experienced golfers, Drive Shack offers something for everyone – no matter if you’re visiting for a corporate event, a child’s birthday party, a night out with friends or just to hit a few balls. Using custom, complimentary Taylor Made clubs, guests can hit golf balls in tothe 220-yard outfield where the flight of the ball is tracked and layered onto Drive Shack’s proprietary gaming software. Drive Shack’s state-of-the-art, addictive games offer a new way to gain exposure to golf as guests practice, compete and engage with other players regardless of skill-level. For example, visitors can hit basketball hoop outfield targets in “S-H-A-C-K” or destroy monsters to save the princess in “Monster Hunt.”

“Our secret sauce is the gamification,” explained Sarah Watterson. Drive Shack technology developers have strategically designed games to engage a broader spectrum of guests. “We’ve created an environment that lowers the barrier to entry for the first-time golfer, while challenging the established player.” For the avid golfer, Drive Shack provides the optimal practice setting with technology that delivers real-time feedback on swing speed, ball speed, apex height, spin rates and distances. Guests can also virtually play full rounds at some of the most famous courses in the world.

Those visiting just to grab lunch or to catch a game on TV will also enjoy full-service food and beverage options at our restaurant and grill. The venue will also have corporate and group event space for outings and special events, an open-air rooftop terrace and a game lounge. Drive Shack is the perfect recreation venue to enjoy the best aspects of Randall’s Island Park and the sport of golf, but off the course.

For any questions, please contact Drive Shack Investor Relations by phone at [phone] or email at [e-mail] more information on Drive Shack, visit http://www.driveshack.com.

Drive Shack New York City is a subsidiary of Drive Shack Inc., a publicly traded owner and operator of golf-related leisure and entertainment businesses. Drive Shack is developing venues across the country that are reimagining the traditional concept of a golf course through blended, industry-leading technology, design and service. Drive Shack Inc. also owns American Golf, a leading owner and operator of golf properties.

https://www.businesswire.com/news/home/20181108005294/en/New-York-City-Officials-Award-Coveted-Randall%E2%80%99s

[pineyhill]

Sounds promising.

[Enterprising Investor]

Redevelopment of former Texas Instruments campus breaks ground (9/24/18)

After more than two years of planning, construction has started on the redevelopment of the former Texas Instruments property in Stafford — a more than $500 million project that aims to bring the area a vibrant mix of shops, restaurants, bars and thousands of new apartments.

The development — dubbed the Grid — has a “billboard location” along the heavily traveled U.S. 69 corridor, developer Adam Schiller, said Monday.

“Everyone has to drive by this site to get to the Galleria, to see the Astros, the museums,” said Schiller, managing principal of StreetLevel Investments. “Now we’re going to give them a reason to stop, come in and spend their dollars.”

Long-term plans for the project between West Airport Boulevard and South Kirkwood Road call for 350,000 square feet of retail and restaurant space; 2,400 residential units; 500,000 square feet of office space; multiple hotel brands; a health club and luxury cinema.

Perhaps the most notable tenant to join the mix so far will be In-N-Out Burger, the California-based chain with a cult-like devotion.

Other retailers slated to join the project include Drive Shack, a golf entertainment venue; Whiskey Cake, a craft cocktail bar and restaurant; and Luma Grove, an outdoor dining concept. Pluckers Wing Bar, Outback Steakhouse, Chipotle and Verizon are also headed for the project. Openings will begin next year.

Aloft Hotels and Element by Westin will operate a co-branded hotel with 234 rooms, and apartment developer JLB Partners is under way on a 380-unit rental complex at The Grid.

A food hall and community gathering area called The Lawn, which will host live music, movie nights and art shows, are also planned. Gensler and TBG are involved in the design. CBRE has been tapped to lease the office space.

The components will be joined by a network of pocket parks, jogging and bike trails and activated public spaces. The developer said heritage oak trees on the site will be preserved.

Dallas-based StreetLevel, which is developing the project with Dallas’ Provident Realty Advisors, announced details Monday morning during a ground breaking ceremony at the 192-acre site, formerly a research and manufacturing facility.

The company said the new project will build upon the site’s legacy of innovation and will spark new economic growth.

Fort Bend County has been one of the fastest-growing large counties in the U.S. It has five of the region’s large master-planned communities and has been cited as the most ethnically diverse county in this area, according to the Fort Bend Economic Development Council.

“We’re accessible in ten minutes of an absurd amount of people,” Schiller said.

The next phase of the StreeLevel development will involve repurposing more than 750,000 square feet of mid-century modern buildings that were part of the original TI campus.

Jeff Wiley, president and CEO of the Fort Bend Economic Development Council, said The Grid will be transforming for Stafford.

“The former TI campus, which was the home of much innovation powering today’s technology, will now be transformed into a tech-savvy, mixed-use development,” Wiley said in a statement. “We have worked on the delivery of this project with the developer, city, county, water district and development authority for quite some time. The day has finally come to let others see the collective vision come to fruition.”

The project will receive a 70 percent county tax abatement for 15 years and the developers could be reimbursed for as much as $52 million worth of infrastructure improvements made to the site, including new roads, landscaping, water and sewer systems and public parking garages.

PlainsCapital Bank of Dallas is financing the project.

https://www.houstonchronicle.com/business/article/Redevelopment-of-former-Texas-Instruments-campus-13254755.php

[pineyhill]

https://finance.yahoo.com/news/investors-priced-drive-shack-inc-210641400.html


Have Investors Priced In Drive Shack Inc’s (NYSE:DS) Growth?


Drive Shack appears to be overvalued according to my relative valuation model. In this instance, I’ve used price-to-book ratio (PB) ratio given that there is not enough information to reliably forecast the stock’s cash flows, and its earnings doesn’t seem to reflect its true value. I find that Drive Shack’s ratio of 4.51x is above its peer average of 2.42x, which suggests the stock is overvalued compared to the Hospitality industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Drive Shack’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

[Enterprising Investor]

DS hits new 52-week high (6/21/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 8.0000[+]
Volume 714,436
Net Change 0.0600
Net Change % 0.76%
52 Week High 8.0600 on 06/21/2018
52 Week Low 2.4100 on 08/21/2017
Day High 8.0600
Day Low 7.9200

[Enterprising Investor]

A Form 4 would be due shortly.

[Enterprising Investor]

DS hits new 52-week high (6/20/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 7.9400[+]
Volume 1,433,720
Net Change 0.6800
Net Change % 9.37%
52 Week High 8.0200 on 06/20/2018
52 Week Low 2.4100 on 08/21/2017
Day High 8.0200
Day Low 7.2300

[pineyhill]

Is this movement still based on Wes Eden's purchases?

[Enterprising Investor]

DS hits new 52-week high (6/19/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 7.2600 [-]
Volume 456,439
Net Change 0.1100
Net Change % 1.54%
52 Week High 7.2800 on 06/19/2018
52 Week Low 2.4100 on 08/21/2017
Day High 7.2600
Day Low 7.1000

[Enterprising Investor]

DS hits new 52-week high (6/14/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.9800 [-]
Volume 646,953
Net Change 0.1500
Net Change % 2.2%
52 Week High 7.1800 on 06/14/2018
52 Week Low 2.4100 on 08/21/2017
Day High 7.1800
Day Low 6.7600

[Enterprising Investor]

Trace3 Brings Cutting-Edge Technology To Drive Shack's Golf-Entertainment Centers (6/12/18)

Breakthrough customer experiences powered by high-tech Innovations such as Hyper Converged Computing, Machine Learning and Advanced Infrastructure

IRVINE, Calif., June 12, 2018 /PRNewswire/ -- Trace3, a pioneer in business transformation solutions, today announced an alliance with Drive Shack (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses. As part of the new relationship, Trace3 designed, procured and implemented the technology infrastructure to power an immersive, VR golfing experience for Drive Shack's customers in the company's newly launched 60,000-square-foot flagship complex in Orlando, Fla. The high-tech facility features 90 hitting bays, with a 220-yard range, a full-service restaurant and bar, an outdoor lounge and three fully equipped meeting and event rooms for parties up to 1,000.

The technology infrastructure, envisioned and implemented by Trace3, supports a range of highly sophisticated augmented reality (AR) experiences for Drive Shack's customers. This includes an array of technologies that together create one-of-a-kind experiences such as augmented reality in the hitting bay, allowing the player to experience the game virtually on a variety of courses around the world. The sophisticated technology enables players to receive information on data such as ball speed, distance, and accuracy. Customers will also enjoy an expansive food and beverage program with the convenience of mobile ordering via the custom app Drive Shack developed.

"We are pleased to work with the team at Drive Shack to help power the company's technology-led business transformation for competitive advantage and market differentiation," said Tyler Beecher, Chief Executive Officer of Trace3. "We are delighted to help create an advanced technology infrastructure that will drive exciting, one-of-a-kind experiences in augmented reality for Drive Shack customers."

Driving these breakthrough customer experiences are a host of discrete technologies ranging from hyper-converged computing, route and switch, wireless connectivity, video technology, virtualization, machine learning, and security as well as integration with the public cloud. The team at Trace3 identified and integrated the best performing technologies from trusted providers, forming a highly complex tech ecosystem to help Drive Shack create outstanding customer experiences and establish a unique competitive advantage in its market.

"Our alliance with Trace3 was instrumental in our ability to completely reinvigorate and reimagine the golf-entertainment landscape by providing exciting, immersive VR experiences," said Ravi Nekkalapu, CIO & Head of Information Technology with Drive Shack. "Technology will play a critical role reaching a younger, tech-savvy demographic and will fuel our growth plans and further differentiate us from competitors."

About Trace3:

As a fully integrated Transformative IT Authority, Trace3 is the premier provider of IT solutions and consultation services. Through elite engineering and dynamic innovation, Trace3 empowers executives and organizations to keep pace with the fast-moving business landscape through the transformative power of IT. Please visit our website at www.Trace3.com.

About Drive Shack

Drive Shack Orlando is a subsidiary of Drive Shack Inc., a publicly traded owner and operator of golf-related leisure and entertainment businesses. Drive Shack is developing venues across the country that are reimagining the traditional concept of a golf course through blended, industry-leading technology, design and service that creates a golf-entertainment experience for every skill level and interest. Unlike traditional driving ranges, Drive Shack's complexes will feature technologically enhanced, signature golf-based games using complimentary TaylorMade clubs and are designed for players of all skill levels. Each venue will have full-service food and beverage areas as well as private event space that can accommodate groups from 10 up to 1,000 in size. Drive Shack Inc. also owns American Golf, one of the largest owners and operators of golf properties nationwide.

https://www.prnewswire.com/news-releases/trace3-brings-cutting-edge-technology-to-drive-shacks-golf-entertainment-centers-300664298.html

[Enterprising Investor]

DS hits new 52-week high (6/13/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.8300[+]
Volume 944,455
Net Change 0.2300
Net Change % 3.48%
52 Week High 7.1500 on 06/13/2018
52 Week Low 2.4100 on 08/21/2017
Day High 7.1500
Day Low 6.6000

[Enterprising Investor]

Wes Edens purchased 51,084 shares on 5/16/18.

Purchase prices ranged from $5.585 to $5.90.

Owns 3,188,178 direct shares.

https://www.sec.gov/Archives/edgar/data/1124460/000120919118031401/xslF345X03/doc4.xml

[Enterprising Investor]

DS hits new 52-week high (5/18/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.7500 [-]
Volume 965,964
Net Change -0.0200
Net Change % -0.3%
52 Week High 6.8500 on 05/17/2018
52 Week Low 2.4100 on 08/21/2017
Day High 6.9400
Day Low 6.5500

[Enterprising Investor]

DS hits new 52-week high (5/17/18)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.7700 [-]
Volume 1,558,511
Net Change 0.8400
Net Change % 14.17%
52 Week High 6.8500 on 05/17/2018
52 Week Low 2.4100 on 08/21/2017
Day High 6.8500
Day Low 5.9600

[pineyhill]

Thanks for that link, good info!

[Enterprising Investor]

Drive Shack: Golf entertainment perfected (5/16/18)

https://www.golfchannel.com/video/drive-shack-golf-entertainment-perfected/

[pineyhill]

At this point in the day up another 10%. Don't look a gift horse in the mouth.....

[Enterprising Investor]

Wes Edens beneficially owns 6,793,387 shares (5/15/18)

Controls 10.1 percent.

Edens purchased 400,000 shares in the open market over the last 60 days.

https://www.sec.gov/Archives/edgar/data/1124460/000134100418000305/sc13da3.htm

[Enterprising Investor]

Wes Edens purchased 185,000 on 5/14/18 and 215,000 shares on 5/15/18.

Purchase prices ranged from $5.17 to $5.41 over those two days.

Owns 3,137,094 direct shares.

https://www.sec.gov/Archives/edgar/data/1124460/000120919118030716/xslF345X03/doc4.xml

[pineyhill]

Hmmmm, nice move today. Anyone know of any news?? I couldn't find any.

[Enterprising Investor]

Drive Shack Inc. Announces First Quarter 2018 Results and Declares Second Quarter 2018 Preferred Stock Dividends (5/03/18)

NEW YORK--(BUSINESS WIRE)--Drive Shack Inc. (NYSE:DS; the “Company”) today reported the following information for the first quarter ended March 31, 2018.

BUSINESS HIGHLIGHTS

Drive Shack – The Company opened its first venue in Orlando, Florida, in April 2018.

The Company has announced five additional venues to date, which are in various stages of development, and are expected to open throughout 2019.

Drive Shack continues to assess a national and global pipeline of locations and aims to open five to ten sites annually as the business ramps.

American Golf – As of March 31, 2018, the Company owned, leased or managed 74 golf properties across 12 states. These courses are located predominately in high-volume, top-tier cities across the U.S.
On a same-store basis, excluding managed courses, the traditional golf business ended the first quarter with approximately 39,000 Players Club members for public properties, an increase of approximately 4,000 members over the end of the first quarter of the prior year.
On the private side of the business, there were approximately 8,700 full golf members at the end of the first quarter representing an increase of 464 members from the end of the first quarter of the prior year. For the trailing twelve months, average annual dues per full golf private member increased by $302 since first quarter 2017, on a same-store basis, to $6,377.

FIRST QUARTER 2018 FINANCIAL RESULTS

GAAP Loss of $18 million, or $0.26 per share, compared to loss of $14 million, or $0.21 per share, in 1Q 2017.

Core Earnings of $(5) million, or $(0.08) per share, compared to $(0.4) million, or $(0.01) per share, in 1Q 2017.

Year-over-year decrease is primarily due to lower interest income because of the repayment of the resorts-related loan and sale of agency securities.

SECOND QUARTER 2018 PREFERRED STOCK DIVIDENDS

Drive Shack Inc.’s Board of Directors declared dividends on the Company's preferred stock for the period beginning May 1, 2018 and ending July 31, 2018. The dividends are payable on July 31, 2018 to holders of record of preferred stock on July 2, 2018. The Company will pay dividends of $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

ADDITIONAL INFORMATION

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, http://ir.driveshack.com. For consolidated investment portfolio information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, http://ir.driveshack.com.

EARNINGS CONFERENCE CALL

The Company’s management will host a conference call on Thursday, May 3, 2018 at 9:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of Drive Shack Inc.’s website, http://ir.driveshack.com.

All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-866-913-6930 (from within the U.S.) or 1-409-983-9881 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference conference ID “5197994.”

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at http://ir.driveshack.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.
A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:30 P.M. Eastern Time on Thursday, May 17, 2018 by dialing 1-800-585-8367 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference conference ID “5197994.”

[Tables deleted]

ABOUT DRIVE SHACK INC.

Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses.

https://www.businesswire.com/news/home/20180503005448/en/Drive-Shack-Announces-Quarter-2018-Results-Declares

[Enterprising Investor]

Drive Shack Orlando Celebrates National Golf Day With Free BayPlay (4/24/18)

Opening Day with hour of Free BayPlay set for Wednesday, April 25

ORLANDO, Fla., April 23, 2018 /PRNewswire/ -- National Golf Day comes around just once every year, so you know Orlando's premier golf-entertainment destination will be celebrating in a big way!

On Wednesday, April 25, from 9 a.m. – 2 p.m., Drive Shack (NYSE: DS) – a three-story, indoor/outdoor all-weather golf-entertainment complex pairing the most advanced golf games and technology with outstanding food and drinks – is inviting hackers and scratch golfers alike to enjoy their first full hour of BayPlay for FREE*. That's in addition to its always-complimentary Free Play Game Lounge, featuring classic games like shuffleboard, skee-ball and Pac-Man. (*Walk-in guests only; no purchase necessary.)

"Our official opening day on National Golf Day is the perfect time to drop by our new flagship location in Orlando and try out our cutting-edge game play with free BayPlay," said Sarah Watterson, CEO of Drive Shack Inc. "And while you're having fun playing ShackJack or Monster Hunt, or perhaps testing your skills on a real course like Teton Pines or Linfield National, don't miss the great food and drinks served up from our full-service restaurant and bar."

BayPlay is where the fun happens, no matter your drive. Each of Drive Shack's 90 weatherproof hitting bays is fully equipped with everything you can imagine to create a memorable experience with friends. Check out your swing, track your scores, compete with other bays on Drive Shack's interactive games and even watch your favorite shows on-demand with three flat-screen TVs. Relax in the plush, custom seating and test out the complimentary custom Drive Shack golf clubs while you hit unlimited golf balls and enjoy full-service on-call food and drinks from the restaurant and bar.

Drive Shack's signature technology includes proprietary games like Shackjack, where guests can aim at playing cards that appear over each hole while trying to build a hand of 21 without busting. Or save the Drive Shack Princess by destroying all of the monsters on the range during a rousing game of Monster Hunt. Guests can also take on real courses – like Teton Pines and Linfield National – as if they're actually there, using Drive Shack's virtual technology.
An outdoor lounge and three fully equipped meeting and event rooms are also available to host parties up to 1,000. A team of over 400 "shackers" and service staff ensures a fun and memorable experience for all.

Orlando is now home to the very first Drive Shack. Additional locations are expected to open in Raleigh, N.C., Richmond, Va., West Palm Beach, Fla., Marietta, Ga., and New Orleans, La.

Located at 7285 Corner Drive in Lake Nona's vibrant Sports and Performance District, Drive Shack Orlando is open Sunday through Thursday from 9 a.m. to 11 p.m., and Friday and Saturday from 9 a.m. to 1 a.m. For more information, visit driveshack.com.

Drive Shack: Play On.

About Drive Shack

Drive Shack Orlando is a subsidiary of Drive Shack Inc., a publicly traded owner and operator of golf-related leisure and entertainment businesses. Drive Shack is developing venues across the country that are reimagining the traditional concept of a golf course through blended, industry-leading technology, design and service that creates a golf-entertainment experience for every skill level and interest. Unlike traditional driving ranges, Drive Shack's complexes will feature technologically enhanced, signature golf-based games using complimentary TaylorMade clubs and are designed for players of all skill levels. Each venue will have full-service food and beverage areas as well as private event space that can accommodate groups from 10 up to 1,000 in size. Drive Shack Inc. also owns American Golf, one of the largest owners and operators of golf properties nationwide.

https://www.prnewswire.com/news-releases/drive-shack-orlando-celebrates-national-golf-day-with-free-bayplay-300634934.html

[pineyhill]

Orlando's premier golf-entertainment destination has arrived! Drive Shack – a unique entertainment destination pairing the most advanced golf games and technology with outstanding food and drinks – will officially open on Saturday, April 7, at 3 p.m.


https://finance.yahoo.com/news/drive-shack-makes-highly-anticipated-213100560.html

[Enterprising Investor]

Drive Shack Debuts Flagship Golf-Entertainment Destination In Orlando (3/13/18)

60,000-square-foot complex featuring proprietary game technology to open in late March

ORLANDO, Fla., March 13, 2018 /PRNewswire/ -- While Orlando boasts countless entertainment options for local residents and tourists alike, a massive new golf-themed complex is coming to the market promising to take the city's game to a whole new level.

Drive Shack, (NYSE: DS), a unique entertainment destination pairing the most advanced golf games and technology with outstanding food and drinks, is set to debut its 60,000-square-foot flagship location at 7285 Corner Drive in Lake Nona's vibrant Sports and Performance District in early spring.

rom scratch golfers to hackers who couldn't hit the fairway with a putter, Drive Shack has something for everyone. The three-story, indoor/outdoor all-weather golf-entertainment complex features 90 hitting bays, a Free Play Game Lounge with classic games like shuffleboard, skeeball and Pac-Man, a full-service restaurant and bar, an outdoor lounge and three fully equipped meeting and event rooms.
Each hitting bay features custom seating for up to six people, complimentary custom Drive Shack golf clubs with unlimited golf balls, dual flat screens with TV on-demand, interactive games enabling guests to compete with other bays and full-service on-call food and drinks from the restaurant. Drive Shack's team of over 400 "shackers" and service staff will be ready to ensure a fun and memorable experience for parties of all sizes.

"Put aside your notions about what an elevated golf-entertainment concept can be," said Drive Shack CEO Sarah Watterson. "Drive Shack takes fun to a whole new level with the most advanced technology in the business as well as exceptional food and drink options. We couldn't be more proud to unveil our flagship location here in a city universally renowned for introducing the very best in entertainment."

Drive Shack's signature technology includes new proprietary games like Shackjack, where guests can aim at playing cards that appear over each hole while trying to build a hand of 21 without busting. Or save the Drive Shack Princess by destroying all of the monsters on the range during a rousing game of Monster Hunt. Guests can also take on real courses – like Teton Pines and Linfield National – as if they're actually there, using Drive Shack's virtual technology.

For guests looking to step up their golf game, Drive Shack's expert golf pro offers quality instruction using the latest tips and technology. Lessons are available for players of all ages and skill levels, including individuals and groups, beginner clinics, juniors lil' drivers for those just starting out or wanting to enhance their skills and even parent-child classes! Drive Shack will also offer leagues throughout the year where participants can meet, eat and compete.

Drive Shack's elevated bar and grill provides unexpected plays on everyone's favorite dishes, like the juicy Hole-in-One Burger, Loaded Tots, Stacked Nachos and Churros. Pair your meal with a craft cocktail, beer, wine or signature creations like our DS Sloshies. Like we said … there's something fore everyone!

Looking for a unique setting for your next company or group gathering? Host a happy hour, corporate meeting, birthday party or other social event in one of several private spaces. For parties from 10 to 1,000, the Drive Shack team is ready to provide a turnkey, hassle-free experience customized to your needs. All of the spaces will be fully equipped with the latest audio/visual technology, WiFi and other equipment necessary for a fun and seamless event.

Orlando will soon be home to the very first Drive Shack, and additional locations are on the way in Raleigh, N.C., Richmond, Va., West Palm Beach, Fla., Marietta, Ga., and New Orleans, La. For more information, visit driveshack.com.

Drive Shack: Play On.

About Drive Shack

Drive Shack is a subsidiary of Drive Shack Inc., a publicly traded owner and operator of golf-related leisure and entertainment businesses. Drive Shack is developing venues across the country that are reimagining the traditional concept of a golf course through blended, industry-leading technology, design and service that creates a golf-entertainment experience for every skill level and interest. Unlike traditional driving ranges, Drive Shack's complexes will feature technologically enhanced, signature golf-based games using complimentary TaylorMade clubs and are designed for players of all skill levels. Each venue will have full-service food and beverage areas as well as private event space that can accommodate groups from 10 up to 1,000 in size. Drive Shack Inc. also owns American Golf, one of the largest owners and operators of golf properties nationwide.

https://www.prnewswire.com/news-releases/drive-shack-debuts-flagship-golf-entertainment-destination-in-orlando-300613494.html

[joe117]

Just follow BMIC

whenever he's on the ask peeps run, and price drops.

as soon he leaves this jumps....


i had an order for 002 but it didn't reach that low

[Enterprising Investor]

Marietta to sell land to Drive Shack for $9.5 million (2/15/18)

By Carolyn Cunningham

Drive Shack will open about a $25 million facility next year, employing 450 people.

The Marietta City Council voted 7-0 Feb. 14 to sell 17 acres at 849 Franklin Gateway to the golf entertainment company for $9.5 million. With this transaction, Marietta City Manager Bill Bruton said more than 2,400 jobs have come to the city’s Franklin Gateway area at I-75.

This location will be Drive Shack’s first in Georgia.

The year-round sports complex will include golf, games, a restaurant and rooftop dining in a three-story building.

https://www.ajc.com/news/local/marietta-sell-land-drive-shack-for-million/e0hlZM5xtqeA2rnA0T4GwK/

[Enterprising Investor]

DS hits new 52-week high (11/29/17)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.2500 [-]
Volume 1,003,174
Net Change 0.0500
Net Change % 0.81%
52 Week High 6.4900 on 11/29/2017
52 Week Low 2.4100 on 08/21/2017
Day High 6.4900
Day Low 6.1600

[Ryguy008]

Similiar to TOP golf but not PRIVATE, awesome to own. This is only the beginning. My newest long hold, very happy $DS

[Ryguy008]

Stay tuned for the next breakout! 2018 is going to be great with revenues.

[Ryguy008]

Great DD on Drive shack out there. Increasing hedge funds, private investment fims, morgan stanley, vanguard to name a couple. Insider fillings. Most recent 3million dollar buy at $6. Looks strong, solid consolidation days coming in.

[Ryguy008]

DS still making new highs

[Enterprising Investor]

DS hits new 52-week high (11/22/17)

DRIVE SHACK INC (DS)
Last Trade [tick] 5.8900 [-]
Volume 1,941,006
Net Change -0.2800
Net Change % -4.54%
52 Week High 6.2000 on 11/22/2017
52 Week Low 2.4100 on 08/21/2017
Day High 6.2000
Day Low 5.5600

[Enterprising Investor]

DS has risen over 150 percent in three months.

52 Week High 6.1800 on 11/21/2017
52 Week Low 2.4100 on 08/21/2017

My timing was a bit off - $2.94.

[Enterprising Investor]

DS hits new 52-week high (11/21/17)

DRIVE SHACK INC (DS)
Last Trade [tick] 6.1700 [-]
Volume 2,024,865
Net Change 0.4200
Net Change % 7.3%
52 Week High 6.1800 on 11/21/2017
52 Week Low 2.4100 on 08/21/2017
Day High 6.1800
Day Low 5.7200

[Enterprising Investor]

Wes Edens beneficially owns 5,910,690 shares (11/15/17)

Controls 8.8 percent.

Edens purchased 1,217,303 shares in the open market over the last 60 days.

https://www.sec.gov/Archives/edgar/data/1124460/000134100417000727/sc13da2.htm