Drive Shack Story Overview

DS -- USA Stock  

USD 5.34  0.10  1.84%

Macroaxis News
  
By David Taylor

Drive Shack is a holding company that deals with purchasing and managing golf courses.  It was just recently that this company switched its focus to the leisure activity of golf.  The company’s properties are mainly found in and around the south and the East Coast.  The stock is trading at roughly $4.42 per share and the market capitalization is roughly $243 million.

I have been very bullish on two sectors of late; banking and real estate.  You see, the economy in the United States is improving from the financial conundrum it has been in over the past several years.  Unemployment has been at near record lows and personal incomes for Americans are growing at moderate rates. 

Trading
Fama & French Classification
Work hard, play hard and this company is well positioned to take advantage of that

With the economy expanding incomes are increasing along with spending.  The central banks around the world printing vast sums of money as they did, that money is now starting to show up in price indexes.  Increases in prices mean increases in asset prices.  At the same time, this company is in a unique duality of being invested in not only real estate but leisure real estate.  All the hard work individuals have been doing will translate into hard playtime.  




Drive Shack is a holding company that deals with purchasing and managing golf courses.  It was just recently that this company switched its focus to the leisure activity of golf.  The company’s properties are mainly found in and around the south and the East Coast.  The stock is trading at roughly $4.42 per share and the market capitalization is roughly $243 million.

I have been very bullish on two sectors of late; banking and real estate.  You see, the economy in the United States is improving from the financial conundrum it has been in over the past several years.  Unemployment has been at near record lows and personal incomes for Americans are growing at moderate rates.  

During the financial crisis, the Federal Reserve took unique steps to strengthen the economy.  The Fed expanded the money supply by some $4 trillion.  This was a massive effort to reign in the drop in growth of the economy.  Now, the economy is in far better shape.  But, all that money that was created will translate into asset prices moving up.  If you are bullish on real estate, REITs are a great way to get involved.  

This particular company has done a solid job of creating investor wealth.  The company has switched gears over the past several years to gear up for the asset price moves that it perceives will take place.  Here are some key figures for DS with assets, liabilities and debt, respectively:

2012:  $3,945 / $2,872 / $2,954

2013:  $4,838 / $3,612 / $3,018

2014:  $1,762 / $1,504 / $1,315

2015:  $1,468 / $1,258 /    $971

The company realigned its focus the past several years which is the reason there was a drop in assets and liabilities from 2013 - 2014.  Since then, DS has seen its asset to earnings ratio improve.  The company’s focus has been providing results.  

Other key financial numbers are the gross income and earnings-per-share:

2012:  $538,058 / $17.84

2013:  $210,590 /   $3.16

2014:  $340,892 /   $0.45

2015:  $353,696 /   $0.24

Revenue has been increasing.  But, there was a drop in income from the past two years.  However, since then the company has been able to improve its earnings; DS is slated to finish 2016 with earnings of $0.44 per share.  That puts the stock on a 10-earnings ratio.  And, it also means that the company is increasing its ability to earn more income with what assets it has to work with.  

With the economy improving like it is, real estate is going to be an excellent investment.  And, with the money creation that happened from the past several years via the Fed, real estate has the ability to improve strongly.  Like I mentioned before, I am bullish on real estate.  It is going up.  Getting involved in a real estate company would be a strong move for your portfolio.  

The economics of real estate make a great deal of sense.  Keep in mind the massive amounts of money that a was printed by central banks around the world to shore up respective economies.  We are beginning to see the results of these efforts to in increased economic activity.  And, we are beginning to see an impact of all of this money existing in the price indexes; Consumer Prices are increasing and have breached the 2% levels.  

All of that money that was printed is going to end up pushing up asset prices.  That is why I have been so bullish for so long on real estate.  Finally, we are beginning to see the results of this from an economic perspective and we will also be able to see the results of this via companies earnings.  DS is one of the companies that is well positioned to achieve these goals. 

Story Momentum

This story from Macroaxis reported on January 27, 2017 contributed to the next trading day price increase.The overall trading delta to the next closing price was 0.24% . The overall trading delta when the story was published to the current price is 29.83% .

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Drive Shack is rated below average in z score category among related companies. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in late 1960s at New York University..
Additionally see Drive Shack Hype Analysis, Drive Shack Correlation and Drive Shack Performance. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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