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Larry Meyers  

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  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    Once again, you rely on misrepresentation. Yassky mades these comments while attempting to gain taxi union support for his political campaign. A politician will say anything while trying to win office.

    Context is as important as content.
    Jan 22, 2015. 11:19 AM | Likes Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    IT DOESN'T MATTER BECAUSE MEDALLION FINANCIAL HAS NO EXPOSURE IN VIRGINIA.
    Jan 22, 2015. 11:17 AM | Likes Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    "The AVERAGE TAKE HOME PAY of taxi drivers in Boston is about the same as the $10.83 per hour cited by David Yassky in New York:"

    Source?

    More unsupported assertions.

    So what if no medallions are selling? The reason is obvious. Uncertainty in the marketplace. Now Boston also has a lawsuit to deal with, and MA case law to support the 14th Amendment and estoppel claims, which will likely force the city to treat rideshare the same as taxis.

    This story is only just beginning and, in any event, to use your words, let's stick to the FACTS, namely:

    IT DOESN'T MATTER BECAUSE NONE OF MEDALLION FINANCIAL'S LOANS ARE AT RISK.
    Jan 22, 2015. 10:11 AM | Likes Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    Boston medallion prices RISING, despite Uber's existence.

    And further proof that taxi drivers DO make close to 60K.

    http://bit.ly/1JjKwuw
    Jan 22, 2015. 02:33 AM | Likes Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    How dare you post comments that support my thesis!
    Jan 21, 2015. 11:55 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    And you better check the history of court cases in MA. You might be dismayed by what you find on similar lawsuits like the one brought on the sixteenth.
    Jan 21, 2015. 06:14 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    So does writing a hyperbole-filled short thesis, that relies on alleged anonymous sources. The real consequences for anyone who went short without understanding how the taxi business and medallion loans actually work is to short a stock that is hard to borrow, and is paying a fee to hold it, along with paying the dividend instead of receiving it.

    If you want to play the morality card, think about what it means to pretend to be a hedge fund in order to attain legitimacy, when one really isn't a hedge fund at all.

    The reporter over at another website seems to have it straight.
    Jan 21, 2015. 06:13 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    You keep referencing this "hedge fund". What "hedge fund" is it? The article identified "HVM Capital", and yet there is no such entity in any public records. If such public record exists, can you please provide the link?
    Jan 21, 2015. 12:59 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    "If New York medallions disappear, why would Bill de Blasio care?"

    Because medallion sales generate enormous revenue for NYC. That's why the 2012 HAIL Act did not touch the hail zone below 96th street.

    You seriously ask why the mayor of a major city, with a billion dollars at stake in medallion revenue going forward, would care?
    Jan 20, 2015. 11:14 PM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    The number was mis-stated as I looked at only one part of the balance sheet.
    Jan 20, 2015. 03:10 PM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    Medallion Financial has virtually no exposure to the Boston market.

    For the millionth time, rideshare driver economics are terrible. For the most part, they do not make enough money to support themselves. Taxi drivers make more and have fewer costs.

    There is never an "over" on matters of public policy.
    Jan 20, 2015. 10:32 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    "Completely agree with the SPJ and follow these prescriptions to the letter. "

    As mentioned above, you do not.

    You also have not corrected your misstatement of facts regarding how loans are carried on the books.
    Jan 20, 2015. 10:24 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    The Society of Professional Journalists provides clear ethical guidelines on anonymous sources. It's primary one: "Identify sources whenever feasible. The public is entitled to as much information as possible on sources' reliability."

    http://bit.ly/1ztaFXM

    I have published over 1,000 financial articles, and another 200+ on numerous topics, including investigative journalism stories, and op-eds across 20 websites and half a dozen newspapers. I quote and identify whenever possible. Anonymous sources were rarely used, and only when someone feared of severe reprisal. When anonymous sources are used, I put them in contact with my editor so that he may assess their credibility, so there is a check and balance. A good reporter knows how to ask questions so as to eliminate bias from a quoted source.

    I'll just the SPJ speak to that, and leave judgment to the readers.

    "The most important professional possession of journalists is credibility. If the news consumers don’t have faith that the stories they are reading or watching are accurate and fair, if they suspect information *attributed to an anonymous source has been made up*, then the journalists are as useful as a parka at the equator. "
    Jan 20, 2015. 04:00 AM | 1 Like Like |Link to Comment
  • You Can't Go Long Uber By Shorting Medallion Financial [View article]
    Irepeat: you can cite anyone you want, but the ONLY thing that matters are how MEDALLION FINANCIAL loans are performing.

    When Q4 earnings come out, we will know the status, and it is indeed a referendum on your thesis. You claim a $0.62 write-down is "imminent'. We shall see.
    Jan 20, 2015. 03:48 AM | 1 Like Like |Link to Comment
  • Medallion Financial Corporation Has Far More Than '28%' Exposure To Medallion Prices [View article]
    As one would expect. The merits of the lawsuit are irrelevant. It's a political move designed for drivers to protect their territory. Only a short-seller would point to it as "proof" of their thesis, though.
    Jan 20, 2015. 03:36 AM | Likes Like |Link to Comment
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