 Hello, everyone. I hope everybody's doing well. Well today we're going to go through a penny stock, which vanguard earn three million seven hundred and twelve thousand and hundred and thirty-one shares of The penny stock that we're going to talk about today We're going to go through all the information about this penny stock and it's one that we've talked about But it's also one that I'm not surprised that institutions have not been selling en masse Okay, so we've had penny stocks because of the recent happenings with some of these growth stocks and penny stocks We have had a lot of institutionals sort of institutions selling out of some of these penny stocks But this is one which is kind of holding its own not only on the price action But also in the facts that it's still getting big investors involved And this is one where vanguard keep buying and they earn three million seven hundred and twelve thousand What why is that important? It gives a bit of sort of confidence in the penny stock Okay in the facts that big institutions are buying into this one and they're not selling out of it in these volatile times for this sort Of area in terms of penny stocks and growth stocks Of course not the overall market because the overall market is doing okay It's a particular segment of the market which are not doing as good now this one We're going to talk about today. Okay, if you could smash that like button It really does do appreciate that it helps grow the channel and helps it get it up into the YouTube search results I'm gonna go through the information in this video without favor to do to respect your time I've got to say I'm not a financial advisor. I'm a business teacher, but I'm by no means an expert on the stock market Let's get right into it. So as we can see here vanguard group Okay, so they have it as a cost basis of $2.80, which is actually quite high Cost basis of that but they earn three thousand three million seven hundred and twelve thousand 103 of this, okay, and you've also got Kings point earning a hundred and five thousand They've actually sold a few though and then hundred thirty seven thousand here hundred eighteen thousand eighteen thousand But the big one of course is Vanguard owning a huge amount here. Okay of shares in this penny stock Okay, so what we're seeing is what this adds is credibility to the penny stock that institutions are on large Holding it. There is some selling of course But there is a lot of them holding and some of the big ones are also holding which is good to see I'm going to go through that about this penny stock. So first of all, it's called drive shack took a simple DS one That we talked about before I'm going to go through some information about him Why I think institutions are continuing to hold this penny stock And you know, for example, Vanguard is increasing their position So and you got to remember this was also very recently. So if I just go back to the previous slide Okay, Vanguard that was twenty twenty one of five fourteen So not too long ago where this has been updated in terms of them buying more shares now moving into this So drive shack is a publicly traded leisure and entertainment company Focused on bringing people together through technology driven competitive socializing Experiences the mission is to become the largest venue based competitive socializing an entertainment platform in the country Okay, so very clear mission and it's a very clear business and what they're trying to do It's an entertainment based platform with competitive socializing. So that means, you know, there's in-person gaming Different gaming one of them is of course mini golf But there's also many other games and it's also got a bar. It's got food And it's an entertainment venue for corporate parties normal parties or just groups to get together Now we've seen this one have a massive effect because of what's currently gone on in the world, of course So this has not been growing its revenue as as much as we'd hoped to But because of what's gone in in a world, right? But I do see this has got a bright future ahead of it in terms of This the end of this year and next year. I see them actually bringing out some really good financial results Okay, I'm gonna go through why that is in this video Okay, so it's dry shack if you smash the like button while we're getting to this information Okay, so the courses and venues. Okay, so remember that they've been expanding the amount of venues that they've had So they did open one in Orlando. They've got these three here in the 2019 in 2021 they're looking new Orleans on hold which on hold and then they've got all these four additional targets including these three So seven in total and then in 2022 they're looking at actually opening even more venues Okay, even more areas so they're expanding expanding the amount of venues Which it means they could be expanding the amount of potential revenue that they're going to obtain by having more Venues available. So they're in expansion mode where they're actually Increasing the number of sort of drive shack venues puttory venues And and that's what they're looking at doing. So which is fantastic to do, right? So they're always expanding what they're doing, which is good to see Now also, they've got the games innovation part of it. So yes, they do have their mini golf. Okay, so it's towards Competitive avid go first for the drive shack. They've got the open tournaments. They've got Future tournaments running as well for the mini golf. Okay, then they've got the monster hunt challenge So it's got casual players and non-golfers increase engagement and spend pair visit Flexible game program allows for future enhancements first tournaments planned in debut Q2 2021 So they've got a more casual version of the game essentially for you know Maybe it's a group of friends that want to get together and just sort of casually play, right? That's what that's for that and then we've got the social leagues, which is casual social leagues less competitive league play Okay, way where there is a bit of a league for it But of course, it's just more of a casual area. So three areas of that of course It's mini golf. They have also got some different other gaming aspects in the venues the drive shack venues And of course, they've got the the food and the bars as well. Okay Now it did recently release its first quarter 2021 results and as expected I thought, you know, it's not going to be absolutely great because of the situation. So But I mean the company's revenue was of six sixty one point one billion Okay, and it was just flat. So compared to first quarter of 2020. It was just flat No, not much growth Which to be fair is not too bad the facts that they haven't like, you know gone down in revenue by like 20% 30% in the current situation and it's just fall flat Well, I think we're gonna see a lot more people go into these venues After this situation. So if it's flat now, I do think it's gonna increase in the future And I think we're gonna see some really good revenue growth alongside with these, you know Introducing of new venues. So we could start to see, you know, 20 30 40% revenue growth Okay, because they've got the new venues and I think there's going to be a pent up demand for these these sort of experiences Okay, I did actually improve its operating loss, which is good. That's healthy Okay, so it's it's lowered its operating loss Okay, and it's delivered a positive EBITDA of 2.7 million. So that's an increase as well, which is which is okay, right? So, you know, it's nothing too much to worry about here because of what the situation is and I do think the price is Is Reflective of that. I do see this one as a five to seven dollar stock very very easily. Let's go into the information So it's a leader owner and operator of golf related leisure and entertainment. So what did the what did they say about this? 2021 is off to a strong start for the a given the performance in both our driveshack and American golf business This quarter, we are extremely pleased with our first quarter progress as our results demonstrate impressive momentum in the golf and Entertainment sector with nearly a full recovery from the walking sales side of our business our strong results validate Our team's ability to adapt to the constant changes as well as the wants and needs of our guy I get our guests And it said that the total walk-in revenue for the quarter at drive shop revenues was 97% of last year's first quarter levels. So, you know, they're doing okay All things considering they're doing okay, and I think that in the future. We're gonna see like say that massive revenue growth Huge revenue growth in the future. Okay So that's what where I see that one going now the current price I didn't have it on here, but the current price is sort of around $2.60 What I would say is if you if this can drop down to the low $2 range That's a perfect buying opportunity. I would say get another financial advisor, you know If you can get this in the low $2 range I see this in the next sort of one to two years at five to seven dollars very very easily Which would be a good return even if it just gets to four dollars Of course and you can get it at the low $2 range still quite good. So again, this one I'm very confident in Okay, it's one that I'm looking to buy more shares in as it drops Hopefully to a lower level a bit more still so I'm buy some more And again the cost basis for Vanguard. I believe is it $2.80 $2.80. Well, it's currently at you know $2.60 so you could technically get your shares Cheaper than what Van Gogh Van Guards actually put paid for him. Okay, so consider that You know as it maybe drops down to $2.20 $2.40, you know I'd say you're getting a good price there for the medium to a long term Okay, so thank you for watching the video if you did enjoy it Then do smash that like button and also comment down below on your thoughts on driveshack What do you like this penny stock? Do you not like it? Let me know in the comments section down below and Remember to subscribe if you knew we cover penny stocks crypters all sorts of stuff and also I'll see everybody in the next one Have a good day