To Wait or Not to Wait

All the bad financial news might have you thinking about scratching your horse from the Keeneland November breeding stock sale. But if you're planning on taking your horse home, you need to be planning for a long-term commitment to that animal.

 

Keeping a good mare, breeding foals out of her, and selling them or racing them yourself could work out well. But hoping the market will be better if you wait a year to sell a mediocre or below average horse probably isn't the best of ideas.

 

The economy has dug itself a very deep hole, and it's going to difficult to crawl out of that pit quickly.  There's a good chance the situation won't be much better - and it could even be worse - in the fall of 2009. And there should still be a glut of horses in the market as breeders continue to cut back and cull that stock.

 

While going ahead and selling now could mean taking a loss, you'll be reducing expenses by cutting out the cost of upkeep for a particular horse. If a horse isn't commercially appealing now, the odds are against that improving significantly in 12 months, and you'll have invested even more money in a bad venture.

3 Comments

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C Bea

Imagine a world where the Industry recognizes the unique advantage that it has in the Gaming marketplace domestically. Imagine, that because we had our collective house in order and we were smart enough to work together to leverage this advantage effectively, we were a positive option for investing in the world of chaos in other aspects of life. Imagine that we knew how to raise the visibility of the Sport as a positive alternative to "out of the house" gaming that now may not make the short list of family activities. Imagine, imagine, imagine. Unfortunately our ignorance, stubbornness and stupidity leaves us with only imagining rather than realizing the reality of an opportunity at hand.

03 Nov 2008 3:38 PM
B Cea

If horses were wishes, beggars would ride.  C Bea, imagine how much better off we would all be without having to read your drivel.

04 Nov 2008 11:42 AM
Ed Zepplin

C Bea...What are your solutions to achieve your "imagines" ?

04 Nov 2008 1:14 PM

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