Michael Nichols - Drive Shack CFO
| DSDelisted Stock | USD 0.38 0.02 5.56% |
CFO
Michael Nichols is Chief Financial Officer, Principal Accounting Officer of Drive Shack since 2022.
| Age | 53 |
| Tenure | 2 years |
| Phone | 469 862 0139 |
| Web | https://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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Management Performance
| Return On Equity | -3.24 | |||
| Return On Asset | -0.0261 |
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.
| Return On Equity | -3.24 | |||
| Return On Asset | -0.0261 | |||
| Profit Margin | (0.14) % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 330.88 M | |||
| Shares Outstanding | 92.39 M | |||
| Shares Owned By Insiders | 16.42 % | |||
| Shares Owned By Institutions | 30.50 % | |||
| Number Of Shares Shorted | 2.06 M | |||
| Price To Earning | (10.97) X |
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.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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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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