John Carraux of Punch & Associates Investment Management presented his in-depth investment thesis on Drive Shack (US: DS) at Best Ideas 2019.
Drive Shack is a unique golf entertainment business with significant growth potential that recently traded below the liquidation value of the company’s assets. Under the leadership of a proven management team that is aligned with shareholders, John believes that Drive Shack should be able to build a franchise of golf entertainment locations over the next 3-5 years that will create shareholder value. The share quotation does not reflect this growth potential as the recent market valuation is below the cash and securities on the company’s balance sheet.
The full session is available exclusively to members of MOI Global.
Members, log in below to access the full session.
Not a member?
Thank you for your interest. Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form:
About the instructor:
John Carraux is intimately involved in all aspects of the research and investment process at Punch & Associates, and works closely with Howard, Paul, Rob, Bob and Steve to manage our investment strategies on a daily basis. John joined the firm shortly after its inception in 2002, and cut his investment teeth doing the basic work of a research analyst: sifting through financial statements, talking to management teams, and developing an eye for value. Today, as then, he still gets excited over the details of investing, and enjoys reading footnotes, listening to old conference calls, and stacking up well-worn Annual Reports in his office at home. John is a CFA Charterholder and is happy that his years of studying for it are behind him. He lives in Chaska, MN with his wife, Anne, and four children. John graduated Magna Cum Laude and with Delta Epsilon Sigma honors from the University of St. Thomas in St. Paul, MN, and enjoys reading, tennis, and skiing with his family. As a Wisconsin native, John always knew that “the Pack” would see their 4th NFL Championship well before “the Queens” saw their 5th Superbowl.