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Drive Shack's (DS) CEO Sarah Watterson on Q4 2017 Results - Earnings Call Transcript

Mar. 07, 2018 11:15 AM ETDrive Shack Inc. (DSHK)4 Comments
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Drive Shack, Inc. (DS) Q4 2017 Earnings Conference Call March 7, 2018 9:00 AM ET


BoHee Yoon – Secretary

Sarah Watterson – Chief Executive Officer



Good morning. My name is Maria, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Drive Shack's Fourth Quarter and Full Year 2017 Earnings Call.

All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. Ms. BoHee Yoon, you may begin the conference.

BoHee Yoon

Thank you, Maria, and good morning, everyone. I'd like to welcome you today to Drive Shack's Fourth Quarter 2017 Earnings Call. Joining me here today are Wes Edens, the Chairman of our Board of Directors; Sarah Watterson, our Chief Executive Officer; and Larry Goodfield, our Chief Financial Officer and Chief Accounting Officer.

We have posted an investor presentation on our website, which we encourage you to download if you have not already done so. I would like to point out that certain statements made today will be forward-looking statements. These statements, by their nature, are uncertain and may differ materially from actual results.

In addition, we will be discussing some non-GAAP financial measures, and the reconciliations of those measures to the most directly comparable GAAP measures can be found in our investor presentation. We encourage you to review the disclaimers in our press release and investor presentation and to review the risk factors contained in our annual and quarterly reports filed with the SEC.

And now I would like to turn the call over to Sarah.

Sarah Watterson

Thanks, BoHee. Good morning, everyone. I'll be referring to the presentation that we posted on our website, and I'll start on Page 2. As we're kicking off 2018, I thought I'd

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Comments (4)

At the current rate of development 5 fully mature units will be more than a transitional year away - I would say 2-3 years.
Was on the call. She doesn’t do a good job as usual. Listen to the replay. Bare bones presentation. No color, no investor interest at this point. Will be awhile before this gets going. $3-5 million in per box ebitda with the long lead time for unit development is a long way off.
" No color, no investor interest at this point. Will be awhile before this gets going. $3-5 million in per box ebitda with the long lead time for unit development is a long way off. "

this is a transitional year. Selling owned golf courses to stop the bleeding, and building boxes, with the hope of making money at the bottom line. By end this year, maybe 5 DS boxes are operating. We will then know the true 'colors'. In between, simply take your prozac, keep your shares, and let the construction contractors do their job. PT Barnum has only to show up next year, to drive foot traffic to those places...
what happened to the questions?
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