DT STABLES: Sumwonlovesyou! (2/12/07)

i never meant to piss in anyone's cornflakes here. i am just calling it like it see it here. I know that Mr. Simon will undoubtedly move to horse up, but im just thinking you could have gotten her for cheaper if someone would have done the research. Too many people do the research at these types of sales and you end up paying a premium price for a horse. I hope she wins a million dollars for the syndicate, but you must be able to at least see my point...

[Bigsmc]

Originally Posted by freehouse138

i never meant to piss in anyone's cornflakes here. i am just calling it like it see it here. I know that Mr. Simon will undoubtedly move to horse up, but im just thinking you could have gotten her for cheaper if someone would have done the research. Too many people do the research at these types of sales and you end up paying a premium price for a horse. I hope she wins a million dollars for the syndicate, but you must be able to at least see my point...

WE GET IT.

We are not morons, we can read pp's, we can watch replays. Obviously Chuck and Steve see the upside and we chose to put a little bit of money towards this horses potential. She vetted okay and that's a huge step. We trust Chuck and Steve and are looking for some fun for a tiny amount of money. Nobody is going broke here.

Everyone is excited and looking at the positives. Your first post is enough to give you dibs on the "I told you so". Enough already.

[Kasept]

Originally Posted by freehouse138

i never meant to piss in anyone's cornflakes here. i am just calling it like it see it here. I know that Mr. Simon will undoubtedly move to horse up, but im just thinking you could have gotten her for cheaper if someone would have done the research. Too many people do the research at these types of sales and you end up paying a premium price for a horse. I hope she wins a million dollars for the syndicate, but you must be able to at least see my point...

FH,

You're not wrong. She could have likely been acquired for a little less.. But recognize that the objectives of our project here is a little different than that of a "profit driven" racing stable. We wanted a healthy horse with potential upside so that the people involved can get to see it race and feel the excitement of ownership. The last thing Chuck wanted to see happen was that we claim a 5yo gelding that gets hurt a week later and no one gets to see anything as it gets turned out for 8 months.

The beauty of Sumwonlovesyou is myriad:

1.) As a sales ring buy, we were able to vet her and confirm soundness.

2.) As a solidly pedigreed filly by a $1,000,000-earning Gr. I winner with a $25,000 stud fee out of a $500,000-earning, multiple stakes winning mare, should she be injured, she has residual value to recoup the purchase price as a broodmare prospect. It's a safety net for the group to move on to another runner.

3.) Considering that her dam was a successful turf router and Sumwon has yet to do either, there is upside that she will move up once she gets to the lawn. (If you watch her races, she looks to me to have turf action.)

4.) She is a lightly raced 3yo that got to the races at 2 and being by Came Home should improve with maturity.

There are a few other positives associated with her that I won't elaborate on here, but I personally have a very positive vibe from our roulette peg landing on this gal. I think she's going to be lucky for everybody...

From an outside glance, I can understand why people would be perplexed at the excitement over her, but as you spend more time here, you'll get why she feels like Personal Ensign to Derby Trailers...

[cmorioles]

She has run mid 50 Beyers her last two.

[jman5581]

Originally Posted by Kasept

2.) As a solidly pedigreed filly by a $1,000,000-earning Gr. I winner with a $25,000 stud fee out of a $500,000-earning, multiple stakes winning mare, should she be injured, she has residual value to recoup the purchase price as a broodmare prospect. It's a safety net for the group to move on to another runner...

I'm already feeling motherly and protective of her eventual disposition <g>, and thinking about how we can form another syndicate for buyout at the end of her career, as her broodmare owners .....

[jpops757]

IMO. The broodmare part of the equation is an great plus. Looks like Cannon did his homework. Anyone knocking this purchase comparing to to posible claim at a cheaper price,dosent understand the value of the vetting. Great job of putting forth an effort to make this a good trip. Chuck has made me a fan with this effort. DEETEERS are lucky to have him heading this group. GOOD LUCK

[pweizer]

I couldn't have asked for a better choice. Thanks to Steve and Chuck for making this all possible.

Paul

[AeWingnut]

Originally Posted by jpops757

IMO. The broodmare part of the equation is an great plus. Looks like Cannon did his homework. Anyone knocking this purchase comparing to to posible claim at a cheaper price,dosent understand the value of the vetting. Great job of putting forth an effort to make this a good trip. Chuck has made me a fan with this effort. DEETEERS are lucky to have him heading this group. GOOD LUCK

vetting? is that like having a mechanic look at the car before you buy it?

I don't understand why you pay $24k for a horse that could have been claimed for $15 or $20k. I don't see any downside other than that and I admit I don't understand. I'm just happy to be part of it (even if it is a very small part.)

Thanks again !

[Swap Fliparoo]

Originally Posted by AeWingnut

vetting? is that like having a mechanic look at the car before you buy it?

I don't understand why you pay $24k for a horse that could have been claimed for $15 or $20k. I don't see any downside other than that and I admit I don't understand. I'm just happy to be part of it (even if it is a very small part.)

Thanks again !

Vetting means full x-rays and scoping. Claiming a horse without doing any of that is much, much riskier. There could be plenty of chips and airway problems present that you'd never know about in a claimer.

AE,

That's probably a pretty good analogy. Others surely know a lot more than me, but when you claim one for 15 or 20K you pay less for the horse but you might be getting one with hidden problems that require it to take a break from racing for awhile or altogether. Especially a horse that has been dropped signigicantly in class over it's career. I'm a novice when it comes to claiming and ownership, but it's just like anything else. You get what you pay for. If I pay a little more for the assurance that a horse will have the best chance possible of remaining sound, who cares? I could've claimed one for 15K and it never run well again. To me, clearly, it's best (unless you have THE scoop on a particular horse prior to claiming) to pay a little more for peace of mind knowing your horse is one that can compete given the proper preparation (ie. Chuck's job) before a race.

Chuck, did you see anything in this horse's disposition that made her attractive to you as a trainer? Or was it like Steve said mostly a decision based on the horse's pedigree and potential to be a good broodmare?

[hoovesupsideyourhead]

from what i understand the horse was vetted prior to the sale..she just turned three and with the skill of cannon..she will do well..the fact she rana mile and did ok makes me very incouraged ..this horse could easily run in alw conditions on the turf...

[Kasept]

Originally Posted by AeWingnut

vetting? is that like having a mechanic look at the car before you buy it?

I don't understand why you pay $24k for a horse that could have been claimed for $15 or $20k. I don't see any downside other than that and I admit I don't understand. I'm just happy to be part of it (even if it is a very small part.)

Thanks again !

Ae,

The claim price and what the prior owner was looking for in the sale were basically around the same thing. The owner had her in for $15,000 figuring she wins and gets claimed or in for $20,000 with a good chance to finish in the money and get claimed:

$15,000 tag + 60% winner share of $11,000 purse ($6,600) = $21,600

$20,000 tag + 60% winner share of $17,000 purse ($10,200) = $30,200
$20,000 tag + 20% second share of $17,000 purse ($3,400) = $23,400
$20,000 tag + 10% third share of $17,000 purse ($1,700) = $21,700

Price she went for in the sale = $24,000

In reality, he gets around what he was looking to sell Sumwon for, which was a little north of $20,000. We wanted to spend $22,000, but Chuck wasn't going to let that extra $2,000 stop us. By buying her at the sale we paid about 10%-15% more than her exact value, but that was a premium worth paying given the chance to have her vetted and given that Chuck felt she perfectly fits our needs.

PLUS, recognize that had we tried to get her in the claim box, we would likely have had to win a shake for her afterwards because we probably wouldn't have been the only stable putting in a claim on her...



Hope this helps you understand the way this worked and how it plays out in the game with things like this... Part of what we are trying is show people the inner workings of the game and this is a particularly good example of some of what goes on...

I wanted to watch her previous races, so I got on racereplays and queried her name...why isn't Mountaineer on there?!!??! Geez. Where can we get Mountaineer replays? I think I can get them on tvg, but I don't log in to tvg at work. Anywhere else I can get them that's not a wagering site?

[Cajungator26]

Originally Posted by jman5581

I wanted to watch her previous races, so I got on racereplays and queried her name...why isn't Mountaineer on there?!!??! Geez. Where can we get Mountaineer replays? I think I can get them on tvg, but I don't log in to tvg at work. Anywhere else I can get them that's not a wagering site?

I seem to remember someone stating that you could watch them on calracing.com, but I can't get that website to pull up right now.

[wigmore]

Originally Posted by Kasept

Ae,

The claim price and what the prior owner was looking for in the sale were basically around the same thing. The owner had her in for $15,000 figuring she wins and gets claimed or in for $20,000 with a good chance to finish in the money and get claimed:

$15,000 tag + 60% winner share of $11,000 purse ($6,600) = $21,600

$20,000 tag + 60% winner share of $17,000 purse ($10,200) = $30,200
$20,000 tag + 20% second share of $17,000 purse ($3,400) = $23,400
$20,000 tag + 10% third share of $17,000 purse ($1,700) = $21,700

Price she went for in the sale = $24,000

In reality, he gets around what he was looking to sell Sumwon for, which was a little north of $20,000. We wanted to spend $22,000, but Chuck wasn't going to let that extra $2,000 stop us. By buying her at the sale we paid about 10%-15% more than her exact value, but that was a premium worth paying given the chance to have her vetted and given that Chuck felt she perfectly fits our needs.

PLUS, recognize that had we tried to get her in the claim box, we would likely have had to win a shake for her afterwards because we probably wouldn't have been the only stable putting in a claim on her...



Hope this helps you understand the way this worked and how it plays out in the game with things like this... Part of what we are trying is show people the inner workings of the game and this is a particularly good example of some of what goes on...

I am TOTALLY happy with the selection.

I only found out about the start-up of the Dee Tee Stables last month, and I thought, when am I ever going to get a chance like this again? To be one of the owners of the first horse selected? To get an education on another aspect of horseracing, and still have the potential to make money, or buy another horse? I love reading what gets posted on this website, the good and the BS. When I am a little more informed in my opinions, I hope to post more myself (right now, there's just a little bit too much luck involved).

[AeWingnut]

Originally Posted by Kasept

Hope this helps you understand the way this worked and how it plays out in the game with things like this... Part of what we are trying is show people the inner workings of the game and this is a particularly good example of some of what goes on...

Crystal clear. I am very excited. Sorry if I come across otherwise.

Hopefully she takes to Fairgrounds. Horses for courses and all.

Looking at her pedigree, looks like the intent was to put speed (Came Home) with staying power (Mysterious Moll)