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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01-30-2008, 06:46 PM
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