Drive Shack Inc., formerly Newcastle Investment Corp., is a leisure company. The Company is an owner and operator of golf-related leisure and entertainment businesses. The
Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets. American Golf Corporation operates approximately 90 private, resort and public golf courses throughout the United States. It has a range of public and private golf courses in California, New York, and Georgia. It operates multiple facilities that provide golf, tennis, swimming and spa facilities, among others. Its online Pro Shop offers a range of golf gifts, such as personalized golf balls, golf luggage and accessories. Its public golf courses equipped with practice areas, golf shops, driving ranges, and food and beverage options.
June 6, 2002
Wesley EdensChairman of the Board
Sarah WattersonPresident, Chief Executive Officer
Lawrence GoodfieldChief Financial Officer, Chief Accounting Officer, Treasurer
Sara YakinChief Operating Officer
Kevin FinnertyIndependent Director
Stuart McFarlandIndependent Director
David McKownIndependent Director
Clifford PressIndependent Director
Alan TysonIndependent Director
1345 Avenue of the Americas Fl 46 New York, NY United States Phone: +1 212 798-6100 Fax: +1 917 591-8633 ir.driveshack.com
Net income declined year over year last quarter from a gain of (U.S.) $0.02 per share to a loss of (U.S.)$0.09.
Newcastle Investment Corp has a net profit margin of -4.84%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit. Company Books