Rate of return on investment rises to 50.7% even though the financial risk increased.
They spent more money to buy their stock as yearlings, so they will need to sell their horses for more money as 2-year-olds.
"You can call it a midlife crisis or whatever you want, but it's the best thing I've ever done," said pinhooker Murray Smith of her move earlier this year to Southern California from the Ocala area in Central Florida.
If the recent Ocala Breeders' Sales Co. (OBS) February select sale of 2-year-olds in training was any indication, it's going to be a tough year for yearling-to-juvenile pinhookers. The rate of return (ROR) on their investment, 30.7%, ranked among their worst ever based on figures that date back to 1990. It was the weakest since the ROR dropped to its lowest point during the 20-year period of 17.1% in 1993.
California bloodstock agent Bruno DeBerdt and Florida pinhooker and former jockey Rudy Delguidice Jr. have formed a new venture, Excel Bloodstock.
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