End of the Road

I reached an agreement yesterday to sell No Lip and Swift Progress. We got back what we paid for him so we ended up making a little $$ thanks to his recent win. The same cannot be said for No Lip - we only recived a fraction of what we paid for him. Disregard the entry notice for him on Wednesday - he was sold with the understanding that he would get a few months off to recuperate from a long, hard campaign this year that saw him race at 5 different tracks around the country.

Over the next few weeks, once all the Novemember expenses are paid for, I will calculate a final share price (~$4) and send out checks to all of the partners. Obviously, I wish the final price was higher, but the last couple years were challenging and at this time I thought it was best to get out with a decent amount of our original capital in tact.

I thank you all for your participation. For me, it was a realization of a goal to try my hand at this game and have some fun along the way. I just hope each of my partners enjoyed the ride enough to at least partially offset the financial loss.

It is now time for this amateur blogger to sign off one final time.

Thanks to all who came along for this journey.

-Web

Going out on top?

Swift Progress ran a very good race last night to win comfortably. SP does not have a big burst of speed – he is more of a grinder. The key with that type is to get them started early in hopes you can wear down the others and not get stopped like he did in his last race when others interfered with him in the stretch.

Before the race, I was watching online in my office with another WG partner and I mentioned to him that this very well could be our last race as a stable. It is still my plan to liquidate the stable prior to year-end and distribute the cash pro rata. That said, I would like to get a “fair” price for SP and No Lip. Hopefully, yesterday’s race will help fetch that price I am looking for. If I can’t sell them, then it will be on to a yet to be determined “Plan B”.

If this was indeed our last race, it will be nice to go out on a high note.