Posts Tagged ‘enicks’
Monday, February 15th, 2010
PRESS RELEASE
Jack Werk, 65, founder of Werk Thoroughbred Consultants and the eNicks online mating and stallion promotion service, died early Sunday morning, attended by close friends and family, after a long battle with cancer. He is survived by his daughter Kris and son Steve.
In the late 1980s, Werk transformed a long-time hobby into the most vibrant pedigree consulting company the thoroughbred industry had ever seen. The popular Werk Nick Rating, only the best-known of Werk Thoroughbred Consultants’ many innovations, together with Werk’s imaginative approach to product creation and marketing, catapulted the company into prominence. As advisor to the late Eduardo Gaviria, Werk’s company recommended the mating that produced 1997 Kentucky Derby and Preakness winner Real Quiet, who raced for the same connections as those of 2010 Classic prospect Lookin at Lucky, also the result of a WTC-recommended mating.
In 1987, with the support of his friend and long-time Daily Racing Form "Bloodlines" columnist, Leon Rasmussen, Werk founded the influential Owner-Breeder, a first-of-its-kind monthly journal dedicated to thoroughbred pedigree analysis and evaluation. Werk’s column, "Who’s Hot, Who’s Not," the most popular feature of the publication, was reinvented as a blog at www.werkhorse.com, the company’s website, where Werk continued to provide insightful pedigree commentary until just days prior to his death.
In 2004 Werk launched what has become his company’s most successful venture ever, the wildly popular eNicks.com, an online mating assistance facility featuring WTC’s signature Werk Nick Rating. "With the remarkable success of eNicks," said Sid Fernando, Werk’s long-time friend and hand-picked successor in the management of the company, "Jack has left the company stronger than it’s ever been. We’re all devastated at losing Jack, but his most heartfelt wish was that the company go on, and he put a solid plan in place that promises the thoroughbred industry WTC’s high standard of service for a long time to come. I’m going to see to it that the company keeps that promise."
"Knowing Jack has made me a better person," said Roger Lyons, long-time friend and partner with Werk in the popular pedigree software, CompuSire, which the two founded in 1992. "Jack’s friendship, advice, and vision have gone a long way in my life, both professionally and personally."
Chuck Fipke, long-time client and close personal friend, once named a foal out of his mare Recoletta "Jack’s Work" in honor of Jack. "Recoletta was his favorite mare," Fipke said. "Jack and I were completing a distance aptitude research project when Jack suddenly passed. Jack has trained his assistant Elaine Belval in this project, but there will be a huge void for owners and breeders throughout the world. But Jack will have a place in all our hearts as ‘Jack’s Work’ lives on."
Tags: Chuck Fipke, CompuSire, daily racing form, Eduardo Gaviria, Elaine Belval, enicks, jack werk, Leon Rasmussen, lookin at lucky, Real Quiet, Roger Lyons, Werk Thoroughbred Consultants, Who's Hot Who's Not Posted in Marketing | 4 Comments »
Thursday, February 11th, 2010
PRESS RELEASE
Sid Fernando, president of eMatings LLC, and Jack Werk, president of Werk Thoroughbred Consultants, Inc., the owner of eNicks, announced jointly Thursday that Mr. Fernando has acquired a stake in WTC, Inc., a privately held corporation controlled by Mr. Werk, and will assume an active role in management immediately.
WTC, incorporated by Jack Werk in 1988, is a leading pedigree consulting firm that pioneered the original commercial sire-line nick rating service that has been notably copied in recent years. Its Werk Nick Rating, however, remains the industry standard and is the most widely used nick rating service in the country. At present, more than 707 stallions are registered with eNicks—significantly more than the number of horses on any other commercial nick rating service. Click here for more information about WTC.
eMatings is a novel internet pedigree consulting service founded by Sid Fernando in 2009 that allows users to obtain pedigree analysis from a wide array of well-known pedigree experts for discounted fees. A former bloodstock editor and columnist at Daily Racing Form, Fernando is an internationally known pedigree writer and racing authority whose articles have appeared in leading thoroughbred racing and breeding publications around the world, including Owner-Breeder, Racing Post, The Thoroughbred Times, Thoroughbred Daily News, Turf Diario, and Pacemaker. His blog, Sid Fernando + Observations, is one of the most internationally read in the business, and he also is a private consultant to a select group of international breeders. Away from the business, he’s a well-known New York youth travel baseball coach and scout. Click here to read a recent article about eMatings by Brad Cummings of the Paulick Report. Click here for more information about eMatings.
“Sid will continue to run eMatings as he always has,” said Werk, “but this will now give him an interest and role in WTC. I’ve been trying to get Sid to buy into WTC for years because of his international knowledge and contacts, and I’m thrilled that he’s acquiring a significant stake in the company because he can expand it internationally right away. He’s one of the sharpest pedigree guys in the business, and I’ve used him as a consultant over the last 10 years for my clients, to great success. Sid’s integrity, knowledge—he was bloodstock editor of Daily Racing Form in the 1990s—and contacts will become huge assets to WTC, and I feel he’s the person I’d like to eventually step in and run the company.”
“Jack and I have been friends since the late 1980s, and our mutual friend—the late Leon Rasmussen, the longtime DRF Bloodlines columnist—was instrumental in the early development of our relationship as writer and editor during the days when Jack published and edited the seminal Owner-Breeder magazine, for which I also wrote,” said Fernando. “Jack’s older than I am—and wiser—and he was actually responsible for my leaving DRF years ago to spend time raising my two sons. ‘You only get one chance,’ Jack said, and I’m glad I listened. It’s worked out that as I was ready to re-enter the business again full time a few years back, Jack was there. His company has been responsible for the infrastructure of eMatings—admin, billing etc.—so acquiring a stake in WTC, Inc., is really a natural progression of an existing relationship. I am looking forward to helping grow the company that he—along with others such as Roger Lyons and a loyal staff—has developed, while also continuing to develop eMatings, which has made quality pedigree analysis affordable and quickly available to breeders at all levels.”
Tags: Brad Cummings, eMatings, enicks, jack werk, Sid Fernando, Sid Fernando + Observations, Werk Thoroughbred Consultants Posted in Stallions, daily racing form | 1 Comment »
Monday, February 16th, 2009
By Ray Paulick
An industry that saw a $1-billion drop in wagering and a nearly $250 million decline in bloodstock sales in 2008 could use a little economic stimulus. Unfortunately, no such outside plan exists for the Thoroughbred racing and breeding industry in the United States – no federal bailout or earmarks in the massive stimulus plan just approved by Congress.
When I first moved to Kentucky in 1988, the breeding industry was in the midst of a serious economic slump, one that began in 1985 and didn’t end until 1992. The seven-year downturn was caused by a combination of overproduction (the number of North American foals born topped out at over 50,000 in the mid-1980s), overconfidence in the market, and federal tax reform that took away many of the incentives to own Thoroughbred breeding stock.
The big question at Thoroughbred auctions for several years in the late 1980s and early ‘90s was whether or not the market had hit bottom. It’s a question that really couldn’t be answered until the industry saw an uptick in business, and that didn’t happen until 1992. Then, as now, the first part of a down market was the toughest, because breeders were carrying production costs from a bull market into a sales environment that was anything but bullish.
If 2008 was a tough time for breeders, they’d better strap in for an even rougher ride in 2009. Yearlings were produced from 2007 stud fees, a breeding season that came on the heels of an all-time record year for the average price of weanlings, yearlings and 2-year-olds. In fact, the 2006 bloodstock market hit an all-time high for gross revenue, with more than $1.23 billion in North American sales.
Last year’s economic crisis didn’t really hit until September, though Wall Street had been jittery for months beforehand. Prices for 2-year-olds of 2008 were actually up slightly, and yearling average declined by just 6.9% (though median dipped more sharply, by 16.7%). The weanling and broodmare markets were hit harder, falling by 15.7% and 17.2%, respectively. Most breeders I’ve spoken with are bracing for declines in the yearling market of at least 20%, and some feel it could drop by as much as 40%.
With such dire predictions in the marketplace, it may sound foolish to suggest that 2009 could prove to be a very good year for people to breed their mares. Stud fees are down significantly, and terms for those fees have seldom been as flexible as they are today.
To quote Warren Buffett, the oracle of Omaha: “Be fearful when others are greedy, and be greedy when others are fearful.” I think it’s fair to say that many Thoroughbred breeders are fearful right now.
To that end, the best economic stimulus the breeding industry could have in 2009 is confidence among mare owners that the yearling market of 2011 will have rebounded from the anticipated slump of the upcoming year and, perhaps, 2010. The wild card, of course, is the overall state of the American economy, which even the most optimistic among us does not feel will turn around in the next 12 months.
Not breeding mares that have commercial value is not going to improve anyone’s economic standing, and will not help stimulate the industry to get out of this slump. Stallion farms have reduced fees and are working with breeders to get mares bred and stallion books filled. The breeding sheds are now open: sending your mares to be bred supports the industry in so many ways, from the vanning companies, feed companies, veterinary community, boarding farms and stallion farms, among others.
And yet despite this economic downturn, there is still much support for a good product, a conclusion we have reached due to the strong support of advertisers here at the Paulick Report. Of course, we’d like to recommend you support those stallion farms that have invested some of their advertising dollars at the Paulick Report: Airdrie Stud, Buck Pond Farm, Hill ‘n’ Dale Farms, Hopewell Farm, Spendthrift Farm, Walmac Farm and WinStar Farm. We appreciate each of those businesses, along with our other advertisers (eNicks, Fox Hill Farm, Kris S Bloodstock, Liberation Farm, M & M Thoroughbred Partners, North American Thoroughbred Trainer magazine, and Team Valor), and urge you to recognize and support them in any way possible for their part in contributing to the independent voice the Paulick Report has been bringing to the industry since June 2008.
Tags: 2-year-olds in training, airdrie stud, be fearful when others are greedy and be greedy when others are fearful, breeding industry, buck pond farm, economic crisis, economic stimulus, enicks, fox hill farm, hill 'n' dale farms, hopwell farm, kris s. bloodstock, liberation farm, m & m thoroughbred partners, north american thoroughbred trainer magazine, Paulick Report, Ray Paulick, spendthrift farm, team valor, Thoroughbred Auctions, Thoroughbred breeding, thoroughbred racing and breeding, thoroughbred weanlings, thoroughbred yearlings, walmac farm, Warren Buffett, winstar farm Posted in Breeding, Thoroughbred Auctions, Thoroughbred Business | 3 Comments »
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