Drive Shack: Making Progress, But Still Highly Speculative

About: Drive Shack Inc. (DS)
by: Lukas Wolgram
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Lukas Wolgram
Long/short equity, growth at reasonable price, small-cap, mid-cap

Drive Shack opened three new venues since the last quarterly report.

The new venues beat management's own revenue expectations, but received mixed reviews.

Management still has plenty of work to prove this is a profitable business.

The stock remains highly speculative until they can prove the business is capable of achieving a profit.


Driveshack (DS) reported Q3 2019 earnings on November 12, 2019, and updated investors on the progress the company made over recent months. The former CEO, Ken May, resigned after taking a leave