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I remember when Guida was buying top horses all over. I had success buying ready made horses and that was always my business model. I wasn't a yearling guy, LOL. But Guida changed that marketplace. It exploded. It became next to impossible to buy a top horse already on the track. I had seen a 2yo in PA, who looked like he had a lot of potential. By a backyard stud, unraced, but the colt was fast, and looked like he could be a good one. I made a call, and so did others, and he was for sale, but the seller was a shrewd guy. Guida bought the colt for $250k-----which was really a lot of money at the time, especially for a 2yo, by a no name stallion...but Guida did well with Jake and Elwood. I think he earned the entire investment back in about a month or so, LOL.
Yes he did. Who would have thought.....it all started with.....none other than BG's Bunny! LOL. The first was a very simple deal, kind of a basic "syndication" of sorts. He did that deal with Phil Tully, and Bob Greenberg, the owner of BG's Bunny kind of stayed in the deal, at least to some extent. But the first real Wall St. style syndication deal Guida did was Sonsam. He revolutionized the breeding industry when he developed the syndication model.
Thanks. Been in the game for a long time, LOL. I was a buyer of shares way back, not to breed though, and only on game changers.....at least those who I thought would be a game changer, LOL. George Berkner was a friend of mine from way back, but I didn't go in on the BG's Bunny deal. Tully was pushing those shares like they were gold, but I wasn't a buyer. I didn't think Bunny would be a game changer. This was also before the USTA cap on mares bred, and Guida's model for BG's Bunny was to breed as many mares as possible to maximize income. I think in his first few years at stud Bunny bred over 300 mares each year.
Bunny threw some horses here and there. I remember one specifically..... Armbro Hunch.....who I actually had an early heads up on. He had the makings of a top colt. Very talented 2yo, and Benoit Cote came to NJ to drive him. I remember his first start at the Meadowlands and George Berkner was at the track and got a big kick out of it. Like a proud pappa, LOL.