The term “Pinhook” originally comes from the historic tobacco industry in Kentucky. Farmers would sell early-stage plants to investors, who would then resell them at a higher price once the plants matured to the next stage, thus making a profit.
Today, this term seems tailor-made for the horse racing industry!
- Purchase a weanling (6 months old), raise it for six months, and sell it as a yearling at a premium.
- Purchase a yearling, raise it for nine months, and sell it as a two-year-old ready to race at a premium.
The Raptors Thoroughbred team has achieved great success with both approaches!
The success of Pinhook short-term investments has also attracted many horse enthusiasts to join the Raptors family.