The Bottom Line

The true gain/loss of a horse owned cannot be measured until their run is over. With the 3 sales over the weekend, I took a quick look at how we fared on the horses I purchased specifically to run at CBY over the summer. We profited about $3k on Ready to Thrill and lost about $4k and $3k on Afleetmovingangel and Blumin Won, respectively. Thus, our “entertainment” cost for watching them run in person was roughly $4k total.

My goal with these 3 was to simply break even. If we could have won just one more race, that goal would have been met. Alternatively, if I could have sold each of them for $1k more, we would have ended up ok. However, selling them at that price proved to be more difficult than asking Joe Mauer to play with the sniffles.

Cut Bait, Move On

After an encouraging start to the CBY season, the last few weeks have been a grind. I had made the decision earlier in the week that there were only 2 horses I wanted to still own after the meet (No Lip and Swift Progress). Selling the others proved to be more difficult than I thought. Usually you find some willing parties moving on to other circuits, but I had no such luck and I settled for the best offer I could find ($1k each). More importantly, with transport costs and other expenses looming, it was the deal that made the most fiscal sense.

The other 2 will move on to Chicago and run at the lower levels there with the thought that we could move to an all cash position by the end of the year which will provide a good opprtunity for those wanting to cash out their shares.

Thus we bid adieu to Shakopee in the hopes greener pastures lie ahead elsewhere.