thestable.ca

[Kole Hanover]

Last year the horses made approx 1.5 million inc horses sent to other trainers from 160 total. That's like 9500 per horse. And what is the training fee per month 4-5 k plus plus plus for travel etc.

So any of these horses arent fully subscribed so i wonder what happens to the residuals.

 THEY PAID $400 000 to "stake" their horses,  GREAT r.o.i?

[slimshady]

I have never seen anyone attract more jealousy than Anthony M.

Owning race horses is a financial loser.    Everyone knows it.   
This guy simply found a way to allow more folks to get involved, at a level they are prepared to lose at.
It's like going to the casino.   Only take what you can afford to lose.

Do you think everyone investing with Burke are winning?
He's simply at the other end of the scales.
Invest large, lose large.

[Brown jug]

horses first
very valid point , I did see that on the site
clearly that could be a potential issue
but he bought them  so I guess he is going to have to find a way to sell them
no way they can carry that many that are not having the training bills paid

[PurpleSheetPicks]

Slim I don't think it's jealousy it's people talking about who got burned in a pyramid scam. One night at Mohawk during the summer a bunch of us were at the bar and Anthony who had nothing in that night thought he could sit down and join us until Hank told him to fuck off. A few others heard Hank and as Anthony was walking away they started clapping.

He really could have made this a great thing if he didnt think of himself first.

Would u charge a training bill for a dead horse or maybe say these owners suffered enough ill just eat this months training bill....
Its the little things

[horses first]

Slim not sure it's jealousy but if you build something the wise thing would be to start small stay small. Build as you go. Last year was a big expansion and a keeping of a large number of 2 yr olds that didn't fair well. Then come back and buy another 60 something yearlings. He is hoping that ones that have been kept and ones that need to be bought that his 700 or so clients are going to build on a debt they really can't get out of unless it's dumped for pennies on the $. Once this happens over and over he will have a issue buying these value type horses. Sure he will have 10-15% of those horse produce something. Nobody cares if the guy makes somethikng training and driving.

[slimshady]

I don't know the guy.
I don't own any shares with him.

I would want to hear the other side of the story for the little things.
I train and feed a horse from June 1 to June 22nd and it drops dead, I don't see any reason there shouldn't be a training bill for the part of the month the horse was trained and fed.
It's a ponzi scheme!   How is that?    He buys a horse.   You choose to take a percentage.  Every horse is an investment in itself.

Now, anyone that would pay 4 - 5k a month training for a $12k horse needs to rethink their position.  However, if it is all transparent, no one forces you to get involved.     I think he is filling an entertainment niche that everyone thought was a stupid idea, now some of them wish they had of thought of it first.

[slimshady]

Horses First   ....   I understand what you are saying.   When it is small, everyone feels they are getting attention and are the inside of the business.   You get too big and you start relying on other folks to have the same personality and time to make investors feel a part of something fun, interesting and worth the money. 
Time will tell.
You can't make it work without repeat investors and excellent word of mouth advertising. 

As for getting your money back when you sell a horse.  How often does that happen.  Many are happy to get a few grand from the Mennonites.   

[Brown jug]

like any business cash flow is king
people only have so much "entertainment " cash to throw at the horses
if they have been in for a year or two and not done well  than they will pull back
clearly it is more fun if your horse does well and wins a few races
2020 is a critical year , despite what some may say on this site there is a number of very good/decent 3 and 4 year olds racing as well as a number of 2 yr olds coming back at 3 next year and the majority of them must be successful unlike some in the past
some people have been investing for a year or two and now need/want to see some kind of a return, not a huge profit but just a break from paying out every month 
time will tell

[horses first]

Slim...guarantee when these horses ship off and head to other trainers those bills go up toward that 4k or higher. They are now racing so you have paddock fees, shipping, stall rent in some places go up, and a stake entry fee at times. But again, I emphasize the ones they carried over making 10k or less and there where 30 or more. They are compounding cost at least another 7 months of training bills more stake payments and if these horses don't improve a lot they will be sold for less as a 3 yr old with no stake aspirations that have been paid for last 2 years.

Here is one ? how many new clients from last year to this year. I don't think it's a staggering number and not a number you want when you have over 100-120 head. Again many mention ponzi scheme and the one thing you need is the ability to add more money.

[PurpleSheetPicks]

Don't you think the quality of horses should be going up instead of going down?

None of you are mentioning the point that I made which I think is most important which is the quality of yearlings being bought this year as opposed to opposite years well at least they bought some Real yearlings this year nothing

[PurpleSheetPicks]

They went all in on Sebastian ks
Doesn't look like that's going to turn out so well for them

[Brkn Headpole]

Don't you think the quality of horses should be going up instead of going down?

None of you are mentioning the point that I made which I think is most important which is the quality of yearlings being bought this year as opposed to opposite years well at least they bought some Real yearlings this year nothing

Is that because the sales co no longer give him credit? How long did it take to pay back Tattersalls and Harrisburg? Or did breeders have to take back a %

[slimshady]

Brkn Polee  ...   Do you know for a fact  that The Stable owes sales agencies money?   If not, that's not a great statement to make.

Horses First  ....   Ponzi scheme insinuates the last guy in is paying people that got in earlier.  I don't think that is true.   Each horse is an investment in of itself.  Bob buying into a horse in 2017 has nothing to do with my financial commitment buying a horse in 2019. 

Why is he spending less?     Great question.    Maybe it is that first purchase payment that has to be made.  Maybe the soft spot in the model is finding folks willing to lay down 10% up front for a $12k horse vs a $40k horse.    To many folks, there is a huge difference between coming up with 1200 vs 4000.
Or, maybe he's low on cash and can't afford more expensive horses.   Especially when you are buying first, then trying to sell the shares.   There can be a significant gap for The Stable between $$ out for the purchase and $$ back in when you sell the shares. 

[Mazola]

So obvious all the jealous people and old ones that can't accept change and they wonder why the business is going under.
The guy brings in new people to the game. What have you done Iceman?

[therealdoctor]

They went all in on Sebastian ks
Doesn't look like that's going to turn out so well for them

Clearly you are a disgruntled person who went from singing their praises to just being a knob.   Sebastian K's - there are a total of 4 of them, none over $20k and 3 of the 4 are turning three this year (per their site).  At least say he went in on Muscle Mass since they have  7 of them (mind you two of them are racehorses). 
Somehow 4 doesnt seem like all in to me - if anything since he only bought one this year and three the year before it would be the other way around??