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Larry Meyers  

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  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    If you don't think that journalists in the mainstream media aren't the most corrupt individuals besides politicians, you are checked out.
    Feb 23, 2015. 09:57 AM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    Yeah, and there's proposed city and state regulation limiting or banning surge pricing in NY.
    Feb 23, 2015. 01:53 AM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    Yes. Exactly TWO transactions and you guys are screaming "Chicago is dead!".
    Feb 23, 2015. 01:51 AM | Likes Like |Link to Comment
  • Taxi Medallion Financial Industry Delivers Record Earnings With Zero Taxi Loan Losses [View article]
    I take you seriously up to a point. But you are parroting the same lines that have been stated over and over already. I'm well aware of how medallion ownership is structured, and point to the company's underwriting, which would take into account all of what you say and more, because personal guarantees would be attached to loans where the debt service coverage is not high enough.

    And again, as long you remain anonymous, you have very little credibility. You are making statements with no indication of expertise or sourcing.
    Feb 23, 2015. 01:47 AM | 2 Likes Like |Link to Comment
  • Taxi Medallion Financial Industry Delivers Record Earnings With Zero Taxi Loan Losses [View article]
    So you keep saying, but ignore the realities that rideshare is not going to be a stable form of transport and thus not destroy medallion value.
    Feb 23, 2015. 01:45 AM | 1 Like Like |Link to Comment
  • Taxi Medallion Financial Industry Delivers Record Earnings With Zero Taxi Loan Losses [View article]
    Despite 4x increase in rideshare in 2014, taxi revenues were only down 2.3% YOY.
    Medallion income average $196K per year, 10-12x debt service.
    Zero losses at TAXI and SBNY.

    The conversation is over.

    (When you disclose your name and can show us the medallions you "sold", then we can take you seriously).
    Feb 22, 2015. 03:43 PM | 2 Likes Like |Link to Comment
  • Taxi Medallion Financial Industry Delivers Record Earnings With Zero Taxi Loan Losses [View article]
    Exactly! And what Hickman refuses to acknowledge is that these are costs. Some are tangible monetary expenses, and some are more intangible. He refuses to acknowledge that Uber's own study shows a 50% attrition rate, and that wasn't even going through full cycles of 2-3 years.
    Feb 21, 2015. 04:05 PM | 3 Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    "How about an acknowledgment that lease income on those medallions is in DECLINE"

    Source?

    None.
    Feb 20, 2015. 09:43 AM | Likes Like |Link to Comment
  • NYC Data Proves Taxi Medallion Resilience; Rideshare Effect Negligible [View article]
    Thanks for the compliment. I think the smarter financial reporters are aware of the superior arguments in favor of the long position.
    Feb 19, 2015. 10:09 PM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    So your counter is some guy who makes a claim with NO EVIDENCE to back it up? I sense a pattern here -- lots of claims that never have any actual evidence to support them.
    Feb 19, 2015. 07:15 PM | Likes Like |Link to Comment
  • Taxi Medallion Financial Industry Delivers Record Earnings With Zero Taxi Loan Losses [View article]
    Thanks for the insight, Cliff.
    Feb 18, 2015. 02:16 PM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    Says the man who makes claims of 50% driver shortages while there are no losses at either major lender.
    Feb 18, 2015. 11:16 AM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    "Chicago lease fees were cut by $400/month in February. "
    Source?
    Feb 18, 2015. 10:14 AM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    Here's more from the New York Post, which practically quotes me on the lack of impact by Uber, and quotes cab drivers who say that revenue is down....just as the five-month moving average says...only 4%.

    "Alexander Twerdahl, an analyst at Sandler O’Neill who obtained the TLC’s recent fare data through a Freedom of Information Act request, counters that the average taxi medallion earned $196,500 in 2014.

    That figure is typically shared between two or more cabbies, and doesn’t include costs of gasoline, licensing fees and car maintenance. Still, it allays fears about defaults on medallion loans, he said.

    “When you talk to these guys, it’s in their best interest to play up the sob story,” Twerdahl says. “What’s the benefit to them saying business is great?”

    Read it and weep, shorts: http://bit.ly/1CHtu5S
    Feb 18, 2015. 02:53 AM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    Mmm...yes, good point. That is the more likely source.
    Feb 18, 2015. 02:44 AM | Likes Like |Link to Comment
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