A Letter From The President - February
Every February, I begin the real work of assembling our two-year-old class. I'm filled with a sense of excitement because soon, we will introduce a new crop of racing prospects with the hope that there are a few special horses in the group. The assembly of this year's class will be slightly different than in the past. We will buy fewer two-year-olds and syndicate a class of yearlings in the fall. I'm very excited about this. Many of our Partners have been looking to diversify their equine portfolio and this is a wonderful way to accomplish just that.
We expect this year's class to be the most anticipated ever - especially since fewer horses will be offered. As a result, the pressure of purchasing juveniles with potential will continue to be great. From a timing perspective, we plan to be very aggressive at the sales and expect to assemble the entire two-year-old class by the end of March.
We have also created an incentive plan to reward individuals for early investment. We will offer escalating discounts on syndication price based on date of commitment. The details of this program are forthcoming. This new strategy will make the Ocala event we hold in March to welcome the new class exceptionally important. It may be the only time that many Partners or prospects have the opportunity to get a close look at many of these horses before they sell out. It is exactly what happened at last year's event when the group was wowed by a promising filly by Wild Rush.
Speaking of Dream Rush, on February 10th, she continues her journey toward the Kentucky Oaks in the Old Hat Stakes(G3) at Gulfstream Park . She kicked off her three-year-old campaign in an allowance race on January 20. Running a respectable second after horrific traffic trouble, she was able to gain some valuable experience down on the rail in adverse conditions. She came out of the race extremely well posting a bullet work at Palm Meadows this morning. If all goes well, we have a plan that includes three more races before the Kentucky Oaks. There is a long road still to travel, but we couldn't be more excited.
Two years ago, I went to the Barretts sale in California and fell in love with an Awesome Again colt. He seemed to have it all - plenty of speed and a pedigree that shouted two turns. This weekend, we will saddle Awesome Gem in the $300,000 Strub Stakes(G2) at Santa Anita. The likely favorite or second choice, Awesome Gem enters the race off one of West Point Thoroughbreds' most exciting victories in the $200,000 San Fernando Breeders' Cup(G2). The Strub will set us up for the $1,000,000 Santa Anita Handicap(G1) on March 3rd.
My attention will be somewhat divided on Saturday, because High Finance will also run in the $100,000 Deputy Minister Handicap(G3) at Gulfstream Park . While watching both races might be a logistical challenge for me, I can imagine a lot worse positions to be in.
High Finance is a very talented colt. We had some bad luck with him in a few of his races, but he has also shown flashes of true brilliance. His race on Traver's Day at Saratoga last year was nothing short of dazzling. A big effort this weekend could earn us a trip to Dubai to contest the $1,000,000 Godolphin Mile(G2).
While the Class of 2007 and our runners will certainly keep everyone busy this month, February is also exciting because we will launch our completely redesigned web site. Kerry and Congie have worked tirelessly on the build for several months now, and I can tell you that our new site will be second to none. We are committed to excellence in every aspect of our business, and our new web site is no exception.
Until next month,