I'm all pumped up. Just bought a share in Discreetly mine. He was obviously extremely fast. by a very nice sire ( mineshaft) and is out of G1 mare who brings soundness and stamina. Moreover, he is a half to Discreet Cat. While I haven't seen him personally I'm told he is very correct.
In my view the Lane's End farm get's it. A good stallion prospect at a reasonable price. Your views and opinions appreciated
Congrats on the share. I hope he hits for you. Shares are a big gamble but offer terrific possible rewards.
I happen to like the horse a lot. We have a mare booked to Mineshaft for this coming year and he's on the "ups" and you can't fault that dam and family. It's also one of the most active currently with Haynesfield still on the track.
Good luck.
Nobody said giving Kirstie Alley a colonic would be easy.
Congrats, he's a nice looking individual and love Mineshaft's but IMO I'd rather breed to Mineshaft at $20k than Discreetly Mine at $15k eventhough DM comes from a great family. If DM was $10k I think that would sway people to him.Originally Posted by dannyboy135
Lane's End will give DM every chance so best to you! Hope you get a chance to see him whenever your in Lexington!
Mineshaft is actually 25k this year and has been full for awhile. Discreetly Mine is a reasonable alternative if you don't mind going unproven, in my opinion.
If Mineshaft is anything like his sire, the sons with the best chance at stud are going to be the speedier ones, as opposed to the more two turn types. And DM fits that mold.
Nobody said giving Kirstie Alley a colonic would be easy.
That's right, sorry a mare that I own 50/50 we got in on him this year for $20k.
It depends how hard they are on the $15k they have for DM, if they're flexible I think they'll get a decent book, I'm just not a fan of unproven sires. So for me I'd rather go to Mineshaft (especially for $20k) but if I had 10+mares I wouldn't mind sending one to DM and get a multiple mare discount to go along with it.
Congrats on your purchase and good luck with your share!
I always wonder why there was not more interest in his brother at stud, Pretty Wild. He was precocious and grade 1 placed. Of course, I am extremely partial to Wild Again as well. Pretty Wild stands somewhere in PA and has virtually flown under the radar. The only thing I can think of is maybe Pretty Wild is small or something (which horrifies commercial breeders).....
I wondered where Pretty Wild was as well, his brother Pretty Wild Again or Pretty Wild Too or something like that was good as well, great family DM comes from. Discreet Cat will pretty up a mare that is for sure, Forestry has been a little slow now so some breeders have been turned off on Discreet Cat. The quality of mares for DC has gone way down since his first book.
Congratulations! I'm interested that you would buy a share in a horse without seeing him first. Did you have someone else look at him for you?
Yes, had a couple of respected EYES look at him
Do you know if they were a lot of shares left in him? I know with Summer Bird they sold something like 60 shares the day he got off the van onto the farm
Did they all pay the same share price or was it only for those that would post publicly that they got a better deal than the listed season price? Farms LOVE it when ya do that!
60 shares, hm. I could swear that the owner was keeping shares and that the farm was going to keep a few, too...
edit - It was 50 shares total at 80k each, and the farm took 35 (most of them to resell), and the Jayaramans kept 15.
Last edited by Hermes; 12-20-2010 at 02:53 PM.
Maybe its the skeptic in me, but Im finding it hard to believe all these first year horses are selling that many shares. I just can't imagine that many people putting money into first year horses, when most will be a very bad investment.
congrats.Discreetlly Mine was one of my favs on the track and i'd love to have a share in him.
AMEN!!
Just to play devil's advocate...suppose it's a horse you really believe in? Now of course it's still going to be a big gamble, but what in horse breeding isn't?
Say you buy a share--one that's set up with bonus seasons for the first few years--if you breed two mares each of the first four years (or manage to sell a season or two) you can be pretty much out on the cost of the share--if not the expenses, after that. If the stallion succeeds, you're in a good place. If not, you've got a share to unload.
All of which is purely hypothetical because I haven't bought any shares either...even though I was really tempted by one new horse.
Tbird, if it was 5 or 6 years ago, Id agree with you 100%. Buyers were all over new sires; it was easy money. Now that its reversed, I think it will be a little tougher. Not only are buyers off of new sires, theres not as many buyers, or money for all those yearlings, and I still think the yearling sales will be overloaded for the next couple of years. I just personally think its a lot of money to gamble on, as its not only the cost of the share, the cost of the upkeep (which aint cheap), committing your mares to an unproven horse, and possibly ruin your mares. And if that horse doesnt hit right away, he'll be on the next plane to some new destination, with lowered value, the share owner getting pennies on the dollar for his investment, and he still has yearlings, weanlings, and a mare in foal to a horse that no one wants. Theres just so many angles with buying a share in an unproven horse right now, that as an investment, I personally think that money is far better spent on a proven horse. But as I said, Im a skeptic.
Oh I know. I agree with everything you said. It's just that every so often I think, maybe... and then I go out and buy seasons instead.
Agree 100% of all the horses that retired to stud this year the only one I would look at twice is Quality Road based on his breeding and his speed. But that's still a big risk and I didn't want to touch him as a mating to one of my mares, went to Mineshaft instead
Why would you even consider a share in a horse you wouldn't "touch" with one of your own mares? If you have that much doubt, you shouldn't invest IMO. Syndicates are looking for breeders more than they are speculators. Not that there are any shares for sale in QR anyway.
I worded that horribly wrong, what I meant to say was of all the retired horses this year the only one I would think of considering a share in would be Quality Road...I need to put the Egg Nog away
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