Virgis Colbert - Drive Shack Independent Director

DSDelisted Stock  USD 0.38  0.02  5.56%   

Director

Mr. Virgis W. Colbert is an Independent Director of the Company since April 2019. Mr. Colbert is a Senior Advisor to MillerCoors LLC and has served in a variety of key leadership positions with Miller Brewing Company since 1979, including Executive Vice President of Worldwide Operations from 1997 to 2005 and Senior Vice President of Operations from 1993 to 1997. Mr. Colbert is a member of the Board of Directors of The NASDAQ Stock Market LLC, NASDAQ PHLX LLC, NASDAQ BX, Inc., International Securities Exchange, LLC, ISE Gemini, LLC and ISE Mercury, LLC. Mr. Colbert also serves on the board of STAG Industrials, Inc. and New Senior Investment Group since 2019.
Age 82
Tenure 5 years
Phone469 862 0139
Webhttps://www.driveshack.com
Colbert has previously served on the boards of Lorillard, Inc., where he was Lead Independent Director, Delphi Corporationrationration, Merrill Lynch & Co. Inc., Bank of America Corporationrationration, Stanley Black & Decker, the Sara Lee Corporationration and its successor The Hillshire Brands Company and The Manitowoc Company, Inc. . He is Chairman Emeritus of the board for the Thurgood Marshall College Fund and former Chairman of the board of trustees for Fisk University. He is a life member of the National Association for the Advancement of Colored People.

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.
Drive Shack 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. Note however, debt could still be an excellent tool for Drive to invest in growth at high rates of return.

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Drive Shack Inc. owns and operates golf-related leisure and entertainment venues. Drive Shack Inc. was founded in 2002 and is headquartered in Dallas, Texas. Drive Shack operates under Leisure classification in the United States and is traded on New York Stock Exchange. It employs 3370 people. Drive Shack (DS) is traded on New York Stock Exchange in USA and employs 3,370 people.

Management Performance

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.
Lawrence Goodfield, Interim Chief Financial Officer, Chief Accounting Officer, Treasurer
Peter Briger, Principal LLC
Kelley Buchhorn, Chief Financial Officer
Nicholas Foley, Sec
Clifford Press, Independent Director
Gregory CPA, Ex Officer
Wesley Edens, Chairman of the Board
William Clifford, Independent Director
Keith Sbarbaro, Director
David Hammarley, Chief Financial Officer
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

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.

Thematic Opportunities

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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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