Magna Entertainment Corp (MEC) - Some Perspective

[Suffolk Shippers]

Originally Posted by Lbigdog77

S Shipper -

You are absolutely correct re: Meeker and his charter to increase CDI stock value (very serious).

My opinion comes from a TB breeder, owner, etc. though, versus a CDI shareholder.

Meeker has leveraged the CDI enterprise to optimize CDI share price; he's done nothing to promote Thoroughbreds or the sport of racing. My investment / interest in the game is for the horses, not for stock appreciation in any of the enterprises that own the tracks.

LR

Point well taken, my friend. It is rather unfortunate that there doesnt seem to be a platform where both could co exist peacefully. Someone who can bring the passion for the game and the desire to see it succeed like Stronach while still having the ability to run a company that turns profits for investors.
I dont own any stock in CDI or MEC so I much prefer to see money invested to promote the good of the game.

Just an example, many people get angry or frustrated (myself included sometimes) when an owner takes no chances and pulls a horse from the track and sends him to the breeding shed. The owner has no incentive to keep the horse on the track and risk losing him to some unfortunate injury, etc. You would think track owners could come together and offer some kind of incentive to keep horses on the track, jack up purses, etc.

That might be a crappy example, but I think you get my point. I know I get yours as well. I was speaking from the stand point of a business school grad and it's better that someone like you who has an unabashed passion for the game is running the horses and not someone like myself, who is cold hard business. I still love the game, though.