HOY - what is the benefit?

[Danzig]

well, yeah, true...

was reading the other day about all the clauses you can add to a contract to cover different occurrences on the track.

anything that forces up demand for a horse would make his value increase. but then after a year or two, for every giants causeway, who saw several rate increase announcements in one spring for the next year, you have a hundred alyshebas. so long term, i don't think HOY means a thing. probably not even much past the short term. once you get past the honeymoon, it's all about performance by the youngsters.