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Churchill Downs Inc. Q4 2008 Earnings Call Transcript

Nice delivery! Anyway, just an additional information... Only 23 people this year were able to pull off a superfecta. The superfecta is correctly guessing (i.e. betting) the top 4 placing horses at the Kentucky Derby. It appears to be about more or less plain luck, as the winner was the 50 to 1 underdo, Mine That Bird. The trifecta, is about as hard, as guessing the top 3 accurately. If a person were to bet every combination to make it, it would cost more than a payday loan, as the maximum bet is $1, and there were 93,024 different permutations of the placement. (93,024 different superfecta possibilities.) Still, the superfecta winners came away with cash advances of about $278,000.

Looking Inside the New Transportation ETF

Those programs are applicable nowadays when we are in the midst of global financial crisis. In fact even GM is also affected by the recession.Ever since they went to Congress to request emergency funding, a lot of people have feared a GM shutdown. A GM shutdown is now more of a certainty than a possibility, as General Motors is coming short on a $1 billion debt payment, and they are forecasting a shutdown of all activity for at least 9 weeks. This is obviously a case beyond the scope of payday loans, as the auto maker is close to $30 billion in debt. The idea is to shut down production in order to reduce the backlog of vehicles left on lots, and the government has guaranteed warranties on all GM vehicles. Installment loans may not be able to stave off a GM shutdown.