Kenneth May - Drive Shack Chief Executive Officer, Director

DSDelisted Stock  USD 0.38  0.02  5.56%   

CEO

Mr. Kenneth A. May is Chief Executive Officer, Director of the Company. Prior to joining the Company, Mr. May served as Executive Chairman of Urban Air Adventure Parks, a family theme park company based in Dallas, Texas. From 2014 through 2017, Mr. May served as chief executive officer of Topgolf, a golfthemed entertainment company based in Dallas, Texas, which he joined in 2013. Before that, Mr. May served as chief executive officer of FedEx Kinkos, where he was responsible for the companys strategic direction, product and service vision, as well as growth and development. Mr. May has also served as President of Krispy Kreme and Chairman of the March of Dimes National Board of Trustees, in addition to other roles. since 2019.
Age 57
Tenure 5 years
Phone469 862 0139
Webhttps://www.driveshack.com

Drive Shack Management Efficiency

The company has Return on Asset (ROA) of (0.0261) % which means that for every 100 dollars spent on asset, it generated a loss of $0.0261. This is way below average. Likewise, it shows a return on total equity (ROE) of (3.242) %, which implies that it produced no returns to current stockholders. Drive Shack's management efficiency ratios could be used to measure how well Drive Shack manages its routine affairs as well as how well it operates its assets and liabilities.
The company reports 60.25 M of total liabilities. Drive Shack has a current ratio of 0.62, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Drive Shack until it has trouble settling it off, either with new capital or with free cash flow. So, Drive Shack's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Drive Shack sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Drive to invest in growth at high rates of return. When we think about Drive Shack's use of debt, we should always consider it together with cash and equity.

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Drive Shack Inc. owns and operates golf-related leisure and entertainment venues. Drive Shack Inc. was founded in 2002 and is headquartered in Dallas, Texas. Drive Shack operates under Leisure classification in the United States and is traded on New York Stock Exchange. It employs 3370 people. Drive Shack (DS) is traded on New York Stock Exchange in USA and employs 3,370 people.

Management Performance

Drive Shack Leadership Team

Elected by the shareholders, the Drive Shack's board of directors comprises two types of representatives: Drive Shack inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Drive. The board's role is to monitor Drive Shack's management team and ensure that shareholders' interests are well served. Drive Shack's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Drive Shack's outside directors are responsible for providing unbiased perspectives on the board's policies.
David McKown, Independent Director
Lawrence Goodfield, Interim Chief Financial Officer, Chief Accounting Officer, Treasurer
Kenneth Riis, Director
Peter Briger, Principal LLC
Sara Yakin, COO
Kelley Buchhorn, Chief Financial Officer
Nicholas Foley, Sec
Clifford Press, Independent Director
Sarah Watterson, President CEO
Austin Pruitt, Head of Investor Relations
Alan Tyson, Independent Director
Gregory CPA, Ex Officer
Wesley Edens, Chairman of the Board
William Clifford, Independent Director
Keith Sbarbaro, Director
David Hammarley, Chief Financial Officer
Kenneth May, Chief Executive Officer, Director
Michael Nichols, Chief Financial Officer, Principal Accounting Officer
Stuart McFarland, Independent Director
Virgis Colbert, Independent Director
Benjamin Crane, Independent Director
Hana Khouri, President, Chief Executive Officer
Kevin Finnerty, Independent Director

Drive Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Drive Shack a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Drive Shack in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Drive Shack's short interest history, or implied volatility extrapolated from Drive Shack options trading.

Pair Trading with Drive Shack

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Drive Shack position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Drive Shack will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Drive Shack could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Drive Shack when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Drive Shack - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Drive Shack to buy it.
The correlation of Drive Shack is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Drive Shack moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Drive Shack moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Drive Shack can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Other Consideration for investing in Drive Stock

If you are still planning to invest in Drive Shack check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Drive Shack's history and understand the potential risks before investing.
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