Mike's Report
Yearling Sale Prep is in full swing at Dapple Stud right now. The product is a result of the Dapple Weanling LLC formed in 2007, as well as various Dapple Broodmares LLCs' produce. What a great way for investors to spread the risk and experience the Thoroughbred auction dynamic. Some 40 yearlings will debut in the market for the Dapple Stud consignments, beginning with Fasig-Tipton's Kentucky July and Saratoga August sales.
Our annual broodmare and weanling to yearling LLCs provide product for our annual sales as Dapple Stud along with our boarding clients who allow us to sell the foals that we help create.We expect these areas to grow over the next few breeding seasons. We have over 150 horses on the farm today which is ahead of our initial projections for the second year.
Come on out to the barns and meet our team leaders at the barns, pictured here are Kate Wall and Stuart Morris, General Manager for Dapple Stud.
As Randy and I have tweaked the Dapple business model over the last couple of years to allow investors to participate along with us in various strategies we have learned to search the entire thoroughbred industry for investment opportunities.Our broodmare base is the foundation for supplying quality product and we will concentrate annually on adding current families to our broodmare mix via our annual broodmare LLCs that clients are welcome to participate in with us. Additional capital allows us to spread the risk over a higher number of quality mares creating a win/win situation for us and our investors.We have beefed-up our weanling to yearling strategy, as we now have the facility and the staffing required to expand the number of weanlings we purchase for resale in the one year investment strategy.Current rate of return investment opportunities at Dapple include:
Feel free to contact the office with questions, or to request a prospectus.
Dapple Wavertree 2008: Sixth annual yearling to two year old pinhooking event in which investors participate with Dapple principals in a shared risk format spread over 15-20 yearlins. Minimum participation is $100,000, capital contibutions due by September 30, 2008.
Dapple Weanlings 2008: Weanling to yearling pinhook event in which the stock is placed at Dapple Stud in historic Bourbon County, Kentucky for their winter growth and development. Join another shared risk format along side the Dapple principals and enjoy the exciting yearling auction scene for 2009. Minimum participation is $50,000, capital contributions are due November 1st, 2008.
Dapple Broodmares 2008: Another shared risk format with four to six broodmares and broodmare prospects are placed into an LLC with the purpose of selling out the produce and/or the mares in foal to fashionable stallions at a profit, over a three to four year partnership term.
