Re: Another View of Modern Racing From Bobby Trussell (618 Views)
Posted by:
sighthound (IP Logged)
Date: October 05, 2007 11:54AM
Street Sense Wrote:
> That 25% figure isn't correct. They'd need to
> count live money RNAs and sales negotiated after
> the horse goes through the ring for an accurate
> figure.
Blood-Horse said the calculation was based upon yearling-price-to-stud-fee ratio (stud fees higher), plus cost of raising the yearling to sale and selling (feeding, prepping, KEE sales commission). They said last year 27% of yearling were profitable. I don't know if the RNA subsequent sales would make much difference using that method of calculation, but 22.5% of total offered (1,102) were indeed RNA'd.
BH had these comments about pinhookers (paraphrasing and just pulling out the stats): average price paid for weanlings to pinhook rose 10.1% over last year, average price sold for fell 2%. Rate of return on pinhooking investment fell from 44.6% in 2006 to 29.8% in 2007. 38% of yearlings sold by pinhookers were profitable in 2007 compared to 43% in 2006.