Quote:
|
Originally Posted by Sightseek
At the end of the year, what would you estimate it cost you for WPTB?
|
I'm not sure...they are very expensive right now. When I joined them, they would look for 2 yo's in the 50-75 G range and mark them up to 100G. Now they purchase horses for say $100-300 grand and sells shares based on a value of $300-500G. On top of that they started charging monthly management fees for each horse. I left them in 2004. They started this upgraded business profile that same year.
One easy way of finding out the purchase price is to look online at the OBS/Keeneland/SAR sales sites. They list the purchase price (MOST of the times it's accurate...but they play games there too!). Then see what WPTB is selling the shares for!
They have to charge such high markups and fees because of national TV advertising TVG, and other additional national sales staff and PR people, web page management etc. But I always find them to be great guys, honest and very caring to their owner/investors.