Drive Shack: Business Transformation has low near-term risk and high long-term potential

Posted on by John Sheehy

Drive Shack will have approximately $250mm of unrestricted cash after liquidation of its debt portfolio ($138mm or $2.00/share net of corporate liabilities and preferred shares) The company has an operating golf course business worth approximately $204mm or $2.95/share The company is launching a new chain of golf entertainment venues similar to those of privately held … Continue reading Drive Shack: Business Transformation has low near-term risk and high long-term potential