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Originally Posted by reese
The beginning of the end was when CDI sold Hollywood Park. The sport of racing is the product of the Churchill Downs, Inc. (CDI) Corporation's goals are to maximize profits to the SHAREHOLDERS. If that means withholding product and/or reducing costs(purses) that is what corporations do.
CDI has a desireable product. If "you" want the product, you pay what the company wants. It is the perogative of the company (CDI) to set the price for their product(racing signals) CDI also does NOT publish track attendance or handle for ANY of their tracks. Does Kraft list how many bars of cheese they sell? NO. They file qtrly tax reports. This is the position of the company CDI. Attendance and handle figures are not publicly listed for of their tracks. (NYRA lists both daily)
As for the bettor, ADW's, horsemen, etc. they are incidential aspects.
The issue for CDI is they are reluctant to renegotiate their price for the signal for their tracks. It's their product and they dictate market rate....
The allegiance of CDI is to it's SHAREHOLDERS. If you love CDI, buy their stock.
http://biz.yahoo.com/e/090120/chdn8-k.html |
CDI's product is becoming less desirable for the most part because of their antics. The product is actually not CDI's alone. They dont own a single horse that runs at their tracks. The issue at hand in this thread isnt the pricing or corporate responsibility. It is the continuing pattern of untruths and broken promises and deals that follows this company around.