[ Follow Ups ] [ Post Followup ] [ Thorograph -- Ask The Experts ] [ FAQ ]
Posted by Golden Ballet on February 12, 2001 at 13:48:22:
I spent some time analyzing your 5-year purchase study
numbers and here is what I found. Taking Distorted
Humor and Victory Gallop (both nice purchases and
recommendations) out of the equation I found the other
76 horses were purchased for $6,642,500 with earnings
of $6,531,471 and syndication of $3,888,250. After
10% trainer purse fees (not day rate), 10% jockey fees,
10% Thorograph fees (that's what one of your clients
told me your charges were) on the horses earnings, the
net earnings become $4,572,029. After 10% agent fees
on the syndication price, the net syndication price
becomes $3,499,425. Summing net earnings and net
syndication prices, total earnings on the 76 horses
becomes $8,071,454 or $1,428,954 profit after purchase.
After adding training day rate, vet, transportation,
insurance, and shoeing on 76 horses, there is
undoubtedly a loss.
In conclusion, unless you're a person who can
purchase a $500,000 animal as Victory Gallop and
Distorted Humor were, you service is an extremely
poor percentage play.
Post a Followup