i'm thinking very hard about buying quite a bit of MECAQ stock. I own some stock in churchill downs inc and thinking about cashing that in, I think thev'e pretty much peeked.
i know just about everything there is to know about this company. They are about to after years and broken promises, about to finally get slots at 2 of their tracks in the next year or so which will make 2 of their tracks that could not touch a profit, profitable. Also, gulfstream park is expanding the court area becuase of all of the new people who want to view the attractions. Santa Anita park is my only real worry, but from a very long term perspective, I think that MID has the right frame of mind and in the end will be the best of the big three horse racing compaines.
PEN national is about to put in a bid to control the slots at all the NYRA tracks which they will probably make their stock spike, but they won't get it, it will go to AGC as it did last time if it goes to anyone at all. This is a 10 year thing now.
Outside of the Kentucky derby, CID can't get anyone to run at their tracfk and the state of Kentucky won't approve slots so they are losing horses to neighboring states, Calder is a dump and arlington park is down 31%... CID just aren't really horse people and Kentucky isn't budging on the slots issue, at all (and honestly, they shouldn't). CID has threatened to shut arlington park down if they can't get slots there. and they won't.
for all the bellyhooing people give magna, they still own the two trackst hat everyone wants to run at.. gulfstream park and santa anita. Also Santa anita has been losing horses, good ones to the east coast, and when you lose horses, good ones, like kentucky derby horses, people dont' come out, when peole dont' come out, handle goes down, they have been losing horses beucase of the track surface, which no one really likes. it's being yanked up at the end of next year, and they are replacing it with dirt, which is what everyone wants. this was confirmed on the 22nd of this month. Once the CHRB and magna are on the same page, and allows magna to do some things that they want to do, and also, when hollywood park gets tore down which should hapepn in the next 2 years, this stock WILL go up it's just a matter of how much. But this is something i plan on holding on to for a while.
i made a pretty penny on the CID stock but it's time to say goodbye, just don't see it getting any higher, in fact i see it losing value, espically after the arlington meet is over and it is realized how much money was lost there