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.
Most Popular Stories
- Injury Forces Sea The Moon's Retirement
- California Chrome Draws Rail in PA Derby
- What's Going On Here: Solid at the Core
- 'Gold Hopes to Keep Churchill Record Intact
- Keeping Pace: Galileo Proving Up to Challenge
- Slideshow: The Week in Photos for 09/16/2014
- Curlin Colt Tops Strong Keeneland Session
- Flashback Retired to Stand at Hill 'n' Dale
- Fast Anna Gets Class Relief in Gallant Bob
- Top 3-Year-Old Fillies to Battle in Cotillion