Lets put a group together and bid....

Originally Posted by eurobounce

Oracle--do you know how much money they made by buying and selling Hollywood Park. They bought low and sold high. That is good business. Besides the sell off of Hollywood basically off-sets the construction of Churchill. Oracle, you know horses but you dont know business.

Oh would you care to enlighten us about what the sale price was compared to the sell price and how much red ink was spilled there in between?
As far as the reconstruction goes I get it just fine, its overkill. I mean they are open what 3-4 months a year? And two days a year they have a large crowd. You actually think that those expenditures were necessary to that level? WHose gonna use those facilities the other 363 days a year? And do you honestly think that the cost of that refurbishment is going to be justified when its over with higher revenue form on track patrons? I get business just fine, the kind where the truth is told and not the spin.

Originally Posted by oracle80

Oh would you care to enlighten us about what the sale price was compared to the sell price and how much red ink was spilled there in between?
As far as the reconstruction goes I get it just fine, its overkill. I mean they are open what 3-4 months a year? And two days a year they have a large crowd. You actually think that those expenditures were necessary to that level? WHose gonna use those facilities the other 363 days a year? And do you honestly think that the cost of that refurbishment is going to be justified when its over with higher revenue form on track patrons? I get business just fine, the kind where the truth is told and not the spin.

Actually Churchill uses those facilities almost all year. That is now their main simulcasting location, they hold weddings, conventions etc etc in the new facilities. The smart thing was they made it multi-purpose. Which is smart in this day and age. When I get home I will get my shareowners report from the quarter where they sold Hollywood. I will post the number tonight or tomorrow when I am at work.