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Originally Posted by mp3
it is not about fair value.Buying a leading contender for the derby has a premium built in. just compare the upside to the downside. after speaking to him it made sense. if he does nothing they have 2 mm in exposure if he fails as a stallion because he will get 3mm back to them .if he wins a big one or works as a stallion they hit a home run. Is this not true? as far as winning races. How many people win breeders cup races and can say they have the best turfer and sprinter in the country at the same time??
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Your numbers are flawed because it has been stated that they did not purchase 100% of the horse which is what your numbers are based upon. Lots of people win Breeders Cup races (everybody here says there are too many BC races anyway, so how hard can they be to win) and I didnt know that they had bought Midnight Lute?