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THE INDUSTRY SHOULD PAY ANTHONY A STIPEND, AT LEAST HE IS TRYING TO RECRUIT NEW OWNERS FROM THE BOTTOM UP. EVERYONE ELSE JUST STANDING THERE WITH THEIR HANDS OUT
luc, amac will have no choice but to buy fewer horses in the futurethe large amount of unsold inventory will force that
if you are a client you can log in and see all the yearlings( now 2 yr olds) that still have shares available for salei assume the current cost includes training and staking fees since purchasehe surely does not want to continue owning all those sharesif so the stable . ca becomes a large horse owner , not really the model
Do the math properly Bull . He's asking about twice the purchase price or less on the ones that have a lot of shares left.There is not one anywhere near the prices you talk about
Share prices are easy to figure out...lets use Royhill as the example......$17K purchase price, to that add shipping, add to that every monthly training bill which is between $3500-$4000 per month (this is AM's number, not mine). Don't forget the stake payments and everything else AM can add and last but not least the 13.5% Canadian tax and you get a number of $59K AM value. So add another $15K-$20K before he races meaning Royhill has to earn over $65 K in his 2 year old season to break even.....makes you want to jump in and buy a piece doesn't it. I also saw on HRU that someone took on thestable.ca with the guru who seemed to think that AM is good for the business which is correct but only and only if you are AM!!
Here is Royhill on his website and the reason the cost per share will not rise is because Royhill is sold out but the expenses will continue to climb. Notice I say expenses, NOT horse value. Royhill2YO OH bred Pacing Geldingby Racing Hill$595CDN Per Share