Letter from the President - November
November is the month to give thanks. As a result, I give thanks for an incredible year at West Point Thoroughbreds. I also give thanks that the whirlwind month of October has come to an end. As exciting as it was, the majority of my month was occupied by the Breeders' Cup. I would not have traded the experience for anything, but the planning and logistics for the event certainly consumed much of everyone's time. However, we pulled it off and truly believe that the outcome was very positive.
While we are pleased with the results, we won't rest on our laurels. We look to improve upon our performance both on the racetrack and in client service. With that in mind, we are now in an evaluation period. This entails a Partner survey of the event, sitting with the trainers and reviewing each horse's campaign to the Breeders' Cup and communication with industry associates to solicit feedback.
While October's pace was breakneck, November and December provide no time for leisure. My focus will shift, but my schedule will be no less demanding. The activity kicks off this weekend with the Fasig-Tipton Selected Mixed Sale in Kentucky. Dream Rush and Irish Smoke are scheduled to sell. Both won Grade 1 races for us, and selling fillies like this is new territory for us. Part of our responsibility as a racing syndicate is to ensure that we best protect the interests of the Partners while never losing sight that running horses is the main reason we participate in this sport. It's a fine line to tread, and there is rarely a clear cut right time to sell. At the end of the day we have to use our best judgment, the empirical data we have, and the feedback of our partners provide to make the right decision on a case-by-case basis.
Shortly after I return from Kentucky, I fly down to Florida to inspect the yearlings that we purchased as racing prospects and pinhooking horses. The early reports on the yearlings have been excellent. All are progressing through the early stages of training very well. We were more aggressive at the yearling sales this year, and I am tremendously upbeat about our prospects on the track and in the sales ring with these athletes. Once I return from Florida, we'll map out the projected sales for the pinhooking horses and really begin to increase their training.
In a recent company meeting, I stressed to my team that the last two months of the year are all about laying the groundwork for 2008. Our success can be attributed to hard work and preparation. In order for us to replicate past success, we must set the stage now.
Three weeks from today is Thanksgiving. Since this is the last time I will write to you before then, I want to send out a few words of thanks. I thank my family, especially my wife Debbie, for their love and unwavering support. To have you at my side on this unbelievable ride means more to me than anything. I thank the West Point Thoroughbreds team. Your dedication and enthusiasm on a daily basis inspire me and make this company great. Finally, I thank our Partners. None of what we do would be possible without your continued support. You are the reason we will always strive to be the best we can be.
Until next month...