Replies to post #16043 on Embarr Downs, Inc. (EMBR)

[nerostock]

I have attended a race and meet the CEO and trainer. We had a great time. Dan was super nice and answered all of our questions as did Joseph. In fact, I had family in town and we were able to visit the barn on a non racing day and they were able to meet the trainer and the horses. It was great. So, its funny you say "demand" when the company is already telling you to come out.

[kentonmag1]

I wouldn't argue with that, when I lived in England I almost joined a syndicate of fellow workers that owned 4 greyhounds. I was going to the greyhound track 3 times a week, and loved it. Around 3 national newspapers would run a competition each year to own a 2 yr old racehorse in a top trainers yard which would give you VIP guest treatment and all winnings and place money. I would enter them all, never won.
My complaint here is not with the concept, it's with the valuation. I could claim 3 horses, geldings or otherwise, for $10,000 each and put them in training with an average trainer. So I've spent $30,000 plus the upkeep costs. Would that make me worth $15 million, scratching my head on that one.
And remember the 3 horses EMBR own are not yearlings or 2 yr olds that still have the potential to turn into good horses these 3 are 6 - 8 yr olds that are in the latter years of there racing lives and that have never amounted to more than below average, at best. And as geldings they have zero sell-on value.