Paralyzing

If I had do choose one word to describe the performance of the major yearling partnerships it would be — paralyzing.

I could have chosen from — terrifying, miserable, horrifying, ugly, and many other adjectives, but the best was paralyzing. Why?

The results are so bad that I doubt I can possibly invest in any of them this fall. It is my goal to remain positive, but the to be honest the results have not been good. Let’s review the big guys.

Donegal

  1. Abarta – Into Mischief by Distorted Humor $200,000 mare a turf router, Keeneland #1132, part-owner, got to the Breeder’s Cup Junevile Turf, but has not been seen since, earnings $67,000
  2. Cashlings – Ghostzapper by Smart Strike – $250,000 mare was a turf/dirt miler. Keeneland #643, part owner, already a $30,000 claimer, earnings $24,000
  3. Code Duello – Honor Code by Rubiano – $95,000. mare never even ran 40 at Finger Lakes, but has 9 winners from 11 foals, Keeneland #296, already a $30,000 claimer, earnings $21,000
  4. Donegal Bay – Uncle Mo by Empire Maker, $90,000 2nd dam won the Kentucky Oaks, on paper great value, Keeneland #2658, MSW winner, but last 9th in a Churchill allowance, earnings $30,000
  5. Fahan – Honor Code by Horse Chestnut – $235,000 mare graded stakes placed at 1 1/2 miles on the turf, Keeneland #2132, just had his first work
  6. Hendrick – Street Sense by Seeking the Gold – $75,000 mare was Godolpin horse that ran in GB, Keeneland #1846, was in a MC but did not lose him, earnings $30,000
  7. Lode of Blarney – Exxagerator by Silver Deputy – $85,000 mare unraced, but 7 of 11 foals were winners, Keeneland #1272, Claimed for $30,000, earnings $28,000
  8. Millean – Blame by Tale of the Cat, $65,000 -mare never ran better than 68, two foals neither a winner, Keeneland #1716, ran in the Sam Davis, but now a $25,000 claimer, earnings $50,000
  9. Potato Candy – Candy Ride by Dynaformer – $210,000, mare was a decent allowance turf sprinter Keeneland, #1793, has not worked, was told he has bad feet
  10. Tommy Knocker – Mineshaft by Touch Gold – $65,000, mare unraced, but 6 of 7 foals were winners, Keeneland #2409, one work back in March
  11. The Big Irishman – Hat Trick by Mizzen Mast – homebred, mare won claiming Crown Tiara at 1 1/16 on the turf, 8th in a maiden at Delta Downs with a 43 fig
  12. Turlough – English Channel by AP Indy – homebred, mare won only a maiden race in NY, one MC start at Gulstream in December.

The results are bad, but what is even more concerning is how quickly several of these horse were put up for sale. I would have expected much more patience.

I really liked this group, and considered investing, but I am glad I passed.

Centennial

  1. Frozen Assets – Frosted $275,000, has 3 works in Florida, a slow starter
  2. Khafre – American Pharoah $500,000, one start in January, has not worked since
  3. Orr – Nyquist $375,000, has not worked
  4. Royal Realm – Empire Maker $250,000, a recent start at Belmont, got 4th

Maybe it is too early to make a call here, Jimmie Jerkens does bring them along slow. I really liked this group, and seriously considered a large investment. I am afraid I would have been disappointed.

Ten Strike

  1. Sharp Rocket – Empire Maker $370,000, claimed by Broberg cannot break maiden at Lone Star, earnings $18,000
  2. Amazing Rocket – Into Mischief $500,000, 7th in second start at Churchill
  3. Rocket Equation – Frosted $250,000, one start in Indiana in October, not seen since
  4. Eight and Sand – Munnings – homebred, never has worked
  5. Swill – Munnings $265,000, got to two stakes races, but has not raced or worked since January, earnings $78,000
  6. Montgomery Park – Munnings $170,000, claimed for $30,000
  7. Lovin Lucky – Lookin at Lucky $140,000, last seen in a MC in January
  8. Arrio – Paynter $50,000, one start in January, not seen since
  9. Racy Jaycee – Race Day $24,000, claimed for $20,000 after winning at Oaklawn

The same quick moves to the claiming ranks. I never really liked this group this group, so I feels less pain. I did carefully consider their 2020 offering, and am glad I passed. I really like these guys, but the results are not there.

West Point

  1. A Longlongtimeago – Maclean’s Music $120,000, 2 bad allowance starts, earnings $43,000
  2. Arabian Price – Mshawish $235,000, 5th in the Lecomte, not seen since, earnings $83,000
  3. Charity for All – Union Rags $50,000, claimed for $15,000
  4. Classic Colors – Street Sense $170,000, Allowance winner at Belmont, earnings $82,000
  5. Elector – Constitution $65,000, one March work
  6. First Captain – Curlin $1,500,000, with other buyers, good first start winner at Belmont
  7. Flightline – Tapit $1,000,000, with other buyers, big first race at SA, Beyer over 100
  8. Flying With Angels – Ghostzapper $500,000, 3 bad starts at Belmont
  9. Lady Traveler – Quality Road $350,000, 3 stakes tries, earnings $100,000
  10. Magnificent – Frosted $250,000, one bad start at SA
  11. Martinez – Twirling Candy $100,000, 5 bad starts, none since December
  12. Proud Union – Union Rags $55,000, no starts or works
  13. Shadow Matter – Macho Uno $55,000, decent maiden win
  14. Steel City Beast – Big Beast -$75,000, no works
  15. Warn – Declaration of War $140,000, one bad February start, nothing since

These results are a little better. I guess if you spend $1 million you should expect a good horse. Half the horses have been complete washouts, maybe that should be the expectation. Study these results carefully.

Eclipse

  1. Astrological – Malibu Moon $350,000, working at Woodbine
  2. Avenue – Quality Road $450,000, maiden winner at Keeneland
  3. Aviano – Medalia de Oro $775,000, decent allowance try, earnings $58,000
  4. Demon – Into MIschief $150,000, claimer at Gulfstream
  5. Eagle in the Sky – Sky Mesa $115,000, 2 races already, no starts since October
  6. Excursion – Curlin $325,000, claimed for $30,000 by Diodoro
  7. Gretzky the Great – Nyquist $295,000, already a winner at Woodbine, Stakes winner at Woodbine, tried the BC, 5th in the Jeff Ruby, earnings $285,000
  8. Hidden – Uncle Mo $225,000, working ar Churchill
  9. Honorable – Constitution $60,000, quickly a claimer
  10. Modest – Flatter $175,000, 3 bad starts, none since January
  11. Spanish Loveaffair- Karokontie $35,000, winner at Gulfstream, tried the BC, but two bad tries this year, earnings $128,000
  12. Speight – Speightstown $185,000, quickly a claimer, nothing since March
  13. Thrilling – Uncle Mo $200,000, working at SA
  14. Thrive – Competitive Edge $65,000, 3 MSW tries. earnings $28,000
  15. Tunic – Empire Maker $410,000, no works

These results are better, but more than half are washouts. Getting to the BC with a $35,000 horse is notable accomplishment. Note that Gretzky the Great is just a breakeven horse.

Bourbon Lane

  1. Queen Bourbon – Empire Maker $265,000, 3 decent MSW starts, earnings $36,000
  2. Bourbon Royale – Tapit $240,000, one bad March start at Tampa
  3. Rye Sense of Humor – Distorted Humor $180,000, 3 starts, none since October
  4. Frosted Bourbon – Frosted $120,000, 2 starts, none since October
  5. Hard Rye Guy – Hard Spun $125,000, nice 4th in the Jeff Ruby Stakes, earnings $58,000

Modestly encouraging results, but still not good. Still could get better with a little luck.

Starlight

  1. Spielberg – Union Rags – $1,000,000, earnings $420,000, nothing since March
  2. Hopkins – Quality Road – $900,000, working at LA
  3. Classier – Empire Maker – $775,000, nothing since setting crzay pace in BC Juvenile, earning $63,000
  4. Tenor – Curlin – $800,000, one bad start in September, nothing since
  5. Fenway – Into Mischief – $650,000, 4 mediocre starts at SA, nothing since March, earnings $24,000
  6. Hozier – Pioneerof the Nile – $625,000, earnings $260,00, 2nd in the Rebel, still could be a great horse
  7. Tarantino – Pioneerof the Nile – $610,000, 3 stakes tries, nothing since March, earnings $132,000
  8. Money Mike – Into Mischief – $600,000, one bad MSW start at SA
  9. Showpower – More Than Ready – $500,000, working at SA
  10. Carrobio – Pioneerof the Nile – $410,000, claimed for $35,000
  11. Bezos – Empire Maker – $400,000, decent maiden win at KE, earnings $38,000
  12. Savile Road – Quality Road – $385,000, maiden winner, out since November, earnings $34,000
  13. Jouster – Noble Mission – $360,000, earnings $215,000, nice stakes winner
  14. Miacomet – Flatter – $350,000, working at SA
  15. Recidivist – Into Mischief – $350,000, 2 MSW tries at KE, earnings $9,000
  16. Splashtown – Speightstown – $300,000, 1 bad GP start
  17. Honest Money – Honor Code – $265,000, no works
  18. Knopfler – Looking at Lucky -$240,000, MC winner at Churchill, earnings $32,000
  19. Freedom Fighter – Violence – $120,000, 4th in the Gotham, earnings $92,000
  20. Mr. Briggs – Super Saver – $85,000, one MSW try at GP, earnings $4,000

This is a big sample. Look very carefully at these results, and make your own decision. These are expensive horses. Some could still improve, but it still looks like about half are washouts. Really only 3 or 4 of 20 have become stakes horses.

Only 13 of the 80 have earned 33% of their purchase price, only 1 of 80 has returned more than their purchase price (Spanish Loveaffair)

Just for the record my Quick Tempo has earnings of $116,000 off a purchase price of $75,000.

Just for completeness:

Myracehorse.com

These we all yearling purchases:

  1. Moonlight d’Oro – Medaglia de Oro $625,000, won the G3 Las Virgenes, earned $163,000
  2. Shared Empire – Pioneerof the Nile $275,000, no works
  3. Joyful Addiction – Pioneerof the Nile $385,000, no works
  4. Lady Valentine – Into Mischief $385,000, working in NY

This is the “Filly Four”. The best I can tell they are no longer offering shares in this group

Published by Gregg Jahnke

I was a professional investor for over 30 years. Now I spend my time trying to pick horses rather than stocks.

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