End of the Quarter

It was a hectic month as we raced at a total of 7 different tracks. The results, especially the last week or so, were not great. Hawthorne has one of the deeper dirt tracks we will come across. Traditionally, horses will run better their second time over it. Let’s hope that along with a class drop will prove helpful for the 2 fillies that ran today. The same cannot be said for Spy Story – he pulled up pretty sore on Friday and will get an extended rest alongside Lumpy.

While they go to the sidelines, the news is better for Iron Boy. After an encouraging workout this morning, he should return to the races within a couple weeks. Also during the next couple weeks, Tytus will return to training with plans to race again late November/early December. Uno Way Calle will be entered into a race next weekend marking his return after a brief freshening. Prior to that, Darby Lee makes her Chicago debut on Thursday.

Despite the negative trend, I decided to dip back into the claim pool today. We bought ($25k tag split with Jagger) a horse I have been keeping my eye on since I saw him run for $40k earlier this year in Tampa. Art of Diplomacy is a 5 year-old gelding bred in Florida. He comes to us from a low % trainer with room for improvement. Apparently, the bettors didn’t agree with us as he went off at 36-1 odds and finished in the middle of the pack a couple lengths behind the runner-up (winner won going away).

Now that the racing is done for this quarter, I will calculate the share price within the next couple days. Given the recent on-track performance, I plan on lowering the values on quite a few horses. Combined with the higher expenses from all the travels, I anticipate a decline in the share price of roughly 10-15%.