Creamy Hot Cereal

You're probably thinking what is up with that title?? It's just my clever way to say that we no longer own Lumpsinmyoatmeal. Today, I reached a deal to sell our share of Lumpy at a to-be-determined price (fixed amount today plus a % of his earnings through the end of the Canterbury meet). Since we still have a financial stake in how he does the rest of the summer, we can cheer for him like we own him yet not be responsible for his expenses or post-Canterbury home. We can also still visit him in the barn whenever we want. In some ways, we'll have the best of both worlds. While the sale limits our ceiling financially, it also puts a floor on our potential loss. Regardless of how he does on the track, we will end up with more $$ than what I had him valued at for the 3/31 share price.

There were other factors leading to the sale that I will keep out of the public domian but would be happy to discuss with any of the partners offline. As far as the direction of the stable is concerned, sometimes you have to get smaller before you can get bigger.