Seeking Alpha
View as an RSS Feed

Larry Meyers  

View Larry Meyers' Comments BY TICKER:
Latest  |  Highest rated
  • For Medallion Financial, The Future Is Arriving [View article]
    Look, I'm just telling you what I experienced in NYC.

    I never had a problem getting a cab in less than 60 seconds.
    Both times I used Uber, they took 6 minutes to arrive.
    On Saturday night at 930 PM, I saw a string of black cars sitting idle on Broadway.

    Make of it what you will.
    Apr 19, 2015. 12:51 AM | 1 Like Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    What evidence do you have the "the effect tis ongoing and accelerating".
    Apr 19, 2015. 12:49 AM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Yes, there is value in assessing true numbers should there be incremental declines in medallion losses. I'll leave James to crunch the numbers on 1% loss, 2% loss, etc.

    But your point is well-taken. James and Gordon's original thesis asked the question "if a rideshare driver can make as much or more than a yellow...."
    TO date, however, nobody -- much less them -- have ever provided any accurate analysis of true driver costs. ALL costs.
    Apr 18, 2015. 10:25 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Gordon, I still haven't heard you answer an important question. Did you quantify accelerated depreciation, repairs and maintenace, and reduced residual value of your car in your net expense calculation? And what about intangible expense, such as the effect on your physical health?

    Thank you for responding.
    Apr 18, 2015. 07:05 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    freshlegacy,

    You ask a good question, but I think you omit a step towards asking that question.

    What makes you think there's going to be a 50-60% hit on 20% of their revenues? That implicitly buys into the short thesis, although if you've been keeping up, I've debunked that thesis repeatedly.

    OTherwise, I agree they will co-exist.
    Apr 18, 2015. 06:56 PM | 1 Like Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    So a whopping 2.3% revenue decline?
    Apr 18, 2015. 03:14 PM | Likes Like |Link to Comment
  • 'Even When You Win, You Can't Win' - Netflix Edition [View article]
    Jeremy, I believe your analysis is correct. I have long argued that NFLX will never have any actual free cash flow. The studios are vampires, happy to hook NFLX up to the blood extraction machine, and simply suck all free cash out via content deals. NFLX needs the content. The studios know how much cash is available, and they'll just keep sucking until NFLX is out of cash.
    Apr 17, 2015. 07:43 PM | 2 Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Jay, the reference was to UBER cars, NOT cabs.
    Apr 17, 2015. 05:11 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    In my case, on Saturday night April 4, on Broadway, around 23rd St., at about 930 PM, a line of them were just sitting there.
    Apr 17, 2015. 04:08 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Paulo, can you offer a specific source to show these 'inroads", or quantify them somehow? Thanks.
    Apr 17, 2015. 04:07 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    These are the SAME points made to you weeks ago, James. You never refuted them successfully then, and you won't now.
    Apr 17, 2015. 02:11 AM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Gordon, my bad. $21.37.
    Apr 16, 2015. 10:24 PM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Gordon, by your own admission, your pre-tax net income was $17.21 per hour.

    After 15% Self-employment tax and, presumably, 25% tax on your 1040, your TRUE net income was $10.33 per hour.

    In a 40 hour work week, you would have made about $22,000 per year. That is not a full time job salary. It is barely above minimum wage. Thank you for confirming the multitude of sources that claim rideshare is a terrible deal and only for the financially naive.
    Apr 16, 2015. 11:56 AM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    It is not sound journalism, Jay. It is sloppy and lack credibility.

    It is not possible to judge what is or isn't false, because you never provide substantiation of data.

    Such as a $0.62 write down of Chicago medallions being "Imminent"? That certainly hasn't come true.

    That Chicago is "lost"? Recent medallion transfer prices are higher than when that statement was made.
    Apr 16, 2015. 11:33 AM | Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Please. "Rhetorical"? LOL, indeed.

    Please provide evidence that the answers to both questions are as you claim.

    You do a great job of making unsupported statements.
    Apr 16, 2015. 11:31 AM | Likes Like |Link to Comment
COMMENTS STATS
1,153 Comments
682 Likes