Author Topic: what's going on at Woodbine Mohawk?  (Read 6014 times)

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whiptherabbit

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Re: what's going on at Woodbine Mohawk?
« Reply #15 on: January 10, 2025, 07:59:56 AM »
Can't blame any horse owner in selling their horse down the states, the exchange rate is almost 50% right now. It will only get worse, lots getting out.

Brown jug

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Re: what's going on at Woodbine Mohawk?
« Reply #16 on: January 10, 2025, 10:22:03 AM »
valid points fellas
realistically if you have an Ontario bred that you bred and race  you can stay in Ontario and do okay
any decent horses either need to race in the USA or be sold in the USA , the economics dictate that
 i imagine you will really see that in a few months when some of the other USA tracks open and people are looking for horses
but it will put a strain on the horse population in Ontario especially outside of the sire stakes

Grandstand Handicapper

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Re: what's going on at Woodbine Mohawk?
« Reply #17 on: January 10, 2025, 12:59:35 PM »
Whenever there's been an arbitrage, people always took advantage of it. Frank Conlin, one of the biggest buyers/sellers of all time, made a great living when the arbitrage existed. People always overstate and overreact when it comes to impact on the market. Everybody thought Brooks getting out would crush the market. It wasn't even a fart in the wind. Show me an alleged "down" or "bear" market for racehorses---and then look at the premier sales/auctions. I think you will see two very different things.

The market is not the horse population. It's horses that are for sale, and a horse is worth what someone is willing to pay. You have the right product, a quality product, you will have no problem selling it, at the right price---which is what someone is willing to pay. Always buyers for good horses.

 

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