PREVIOUS PINHOOK'S RACING
SUCCESS
Bwana Bull, a past entrant in the prestigious Kentucky Derby
was a successful weanling-to-yearling pinhook for
Equine Prep clients. This graded stakes winner has earned over
half a million dollars in his career.
TWO BREEDERS' CUP WINNERS
Equine
Prep, LLC’s team selected and purchased two
Breeders’ Cup Winners
prior to the
start of the
horses’ racing careers, a feat that few bloodstock agencies have
accomplished.
Adoration(above) won
the 2003 $2,000,000 Breeders’ Cup Distaff and
then
added several more Graded Stakes Races to her list of achievements.
She won over $1.9 million and her worth is estimated at over $2,500,000.
She was trained by
prominent California trainer, Dave Hofmans, an Equine Prep, LLC director.
After a minor injury, Adoration retired as a broodmare in 2004.
Alphabet Soup(above) won
the1996 $4,000,000 Breeders’ Cup
Classic,defeating the
legendary Cigar.Finishing in the
money in 21 of 24 races, he is now a popular American sire.
EQUINE PREP
MANAGEMENT, LLC
was formed in 1995 and continues to grow and excel in the very competitive
Thoroughbred Sales business. The company has been documented
four timesas a
National Top-Ten sales company for highest sales averageover 10-year
periods ending in 2002, 2003, 2005 and 2006
(Thoroughbred Times Magazine:
Two-Year-Old Thoroughbred Auction Previews - February 2003, 2004, 2006 and
2007 issues). The company's
management team selected and purchased two Breeder's Cup Winners for
their clients. Alphabet Soup
won the $4,000,000 Breeder's Cup Classic, defeating the great Cigar,
and Adoration(above)
won the $2,000,000 Breeder's Cup Distaff. Both horses were selected
and purchased prior to the start of their spectacular racing careers.
CURRENT RUNNERS
Medjool
(above and below) a 3 y.o. colt by Monarchos),placed third and fourth in
recent Grade 2 Stakes Races this Spring. He has been freshened for the
fall campaign and his sheet numbers place him among the best performers in
the country. The time off has enabled him to fill out more and he is
training better than ever. Medjool is by
Kentucky Derby winner Monarchos and his dam is a half-sister to Point Given,
who won the Preakness and Belmont and was Champion in the same year as
Monarchos. View pedigree.
Medjool in the paddock at the Grade 1 $750,000 Blue Grass
Stakes
A: Pinhooking is purchasing
Thoroughbreds for the purpose of generating profits from resale.
Thoroughbred Times Top-Ten Sales Rankings
Equine
Prep has
been recognized as a top ten sales agencyfor highest sales average at
two-year-old
auctions.
1997 - 2006 Thoroughbred Times,
2/3/07
1996 - 2005
Thoroughbred Times, 2/4/06
1994 - 2003 Thoroughbred Times, 2/7/04
1993 - 2002 Thoroughbred Times, 2/8/03
New 2008 Tax Code
Revisions Benefit Equine Industry
Economic Stimulus Act
Includes two tax incentives that would allow
a much larger write-off for horses purchased and placed in
service during 2008
Expense Allowance
To $250,000 - 100% tax write-off
Expense Allowance reduced $1 for each dollar
of eligible property purchased. during the year that exceeds
$800,000
Expense Allowance reverts to $128,000 in 2009
Bonus 1st-Year Depreciation
50% 1st-year depreciation returns
Property must be placed in service in 2008
Full 50% bonus depreciation allowed
regardless of when in 2008 property is purchased and placed in
service
Property must be new
Can be used in conjunction with expensing
allowance
2009 Tax Depreciation Schedule
New, uniform 3-year depreciation schedule for
all racehorses
EQUINE PREP
OVERVIEW
Purpose
Equine Prep, LLC's purpose is to generate profits from the purchase and resale (Pinhooking) of
Thoroughbreds. Equine Prep provides professional selection, development
and sales of Thoroughbred racehorses and breeding prospects to the
high-end racehorse buyer.
Selection
is the first and most important phase of any Thoroughbred racing or pinhooking
prospect. The process begins with a skilled evaluation of a horse's physical
profile, pedigree and movement. This process may be considered similar to a pro draft
for human athletes.
Development,
the second phase, varies depending upon the type of
purchase. Weanlings are purchased toward the end of their first year of life
and sold the following summer/fall as yearlings. Yearlings are purchased
during their second year and then are sold the following winter/spring as
two-year-olds. Horses currently racing are selected on projection of future
development and current conditions. Broodmares are selected based upon stallion matings and foal production.
Sales
conclude the Pinhooking process. Equine Prep, LLC sells prospects at public
auction or privately through contacts in the Thoroughbred Industry. By participating in both private
sales and
public auctions, the company stays current with market trends and can move accordingly.
(Photo Courtesy:
Barrett's Equine, Inc.)
EQUINE PREP
MANAGEMENT, LLC
Equine
Prep has
Selection
is the first and most important phase of any Thoroughbred racing or pinhooking
prospect. The process begins with a skilled evaluation of a horse's physical
profile, pedigree and movement. This process may be considered similar to a pro draft
for human athletes.
Development,
the second phase, varies depending upon the type of
purchase. Weanlings are purchased toward the end of their first year of life
and sold the following summer/fall as yearlings. Yearlings are purchased
during their second year and then are sold the following winter/spring as
two-year-olds. Horses currently racing are selected on projection of future
development and current conditions. Broodmares are selected based upon stallion matings and foal production.
Sales
conclude the Pinhooking process. Equine Prep, LLC sells prospects at public
auction or privately through contacts in the Thoroughbred Industry. By participating in both private
sales and
public auctions, the company stays current with market trends and can move accordingly.
