(02-09-2021, 09:10 AM)crimsonghost747 Wrote:(02-08-2021, 01:04 PM)divmenow Wrote: DS - Drive Shak - I'm a big golfer and am a 8 handicap. Rory Mcllroy is an owner and investor in this company - That's good enough for me lol . Right now they have 4 centers but will be tripling that # by 2023. They are expanding and opening up 2 new centers this year. It’s such a fun place and I can see this doing well over the next several years once things open up again. "They are changing the way we tee it up" You can play all the best gold courses around the world virtually. Such a cool idea.
https://www.driveshack.com/
I looked this up, and a very cool idea indeed. (I'm not a golfer, but I'd love to try this out.)
But what is the investment thesis?
Revenues for the past 5 years have been either steady or declining. Earnings have been in the negative basically the whole time and the red numbers just keep getting bigger. The company has existed since 2002 (not sure how long they have had this current business plan) and they haven't gotten it working with their current locations, will a couple more locations solve this?
Topgolf seems to have the exact same concept, but with a lot more locations and they are currently expanding both in the US and internationally. I didn't even know of topgolf, but quite a few drive shack reviews on google etc said that they will be going back to topgolf. (in general the DS reviews were positive though)
Without having even heard of these places before today, it certainly looks like topgolf is the #1 dude in this business. And now that topgolf has been bought by Callaway, well I'd say that's a positive for topgolf. What is the driver that I'm missing? Is there something that I'm not seeing that will turn DS into a real competitor and get them going on their way to profitability?
Stay tuned. I'll try to shoot down your other ideas too. xD
(actually I'm researching these since you do have an eye for finding smaller companies with amazing growth potential)
Well the Pandemic sure put a damper on earnings the last year that's for sure. But like I said they have the backing of Rory, Wes Edens and now Taylormade. This isn't a get rich quick stock. They are a small megacap stock just now starting to expand into great areas like Orlando and West Palm Beach. I don't think Mr. Mcllroy would be investing into this company and being the spokesperson unless he believed in it. This is just a fun little company and I dont mind throwing $500 at it and hold for the next 5 years lol
The funny this is the new CEO came from Topgolf
I own ELY too. Topgolf is the reason why its higher.I read that they expect $1.2bn in revs within 4 years... and that isn't too shabby. Kind of feel I'm getting in at ground levels now
BTW how about that TLRY
HRVOF up another 33% to a new high. It has gone from .08 to .016 in 2 days. A new high
and I'm not selling until $2 lol. And no this is not a pump hahaha!! I just really like it 