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Larry Meyers  

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  • Taxi Medallions Are Safe Because Uber Will Implode [View article]
    It isn't merely bringing down the company. It's about encouraging defaults on medallions. That only helps rideshare, were the thesis actually valid, which it isn't.

    Bringing down medallion prices also is part of another agenda. We both know what that is.
    Feb 9, 2015. 02:18 PM | Likes Like |Link to Comment
  • NYC Data Proves Taxi Medallion Resilience; Rideshare Effect Negligible [View article]
    It was trading near $15 before all this hype over rideshare began, and the media caught wind of it. If it was worth $15 then, it certainly is now!
    Feb 9, 2015. 02:16 PM | 1 Like Like |Link to Comment
  • Taxi Medallions Are Safe Because Uber Will Implode [View article]
    Your public comments make it clear exactly who you work for, so we should understand your motivations as well.

    You also have a very big surprise coming, if it hasn't already hit you. I'd cover if I were you.
    Feb 9, 2015. 01:27 PM | Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    1) DFA does not comment on changes to its portfolio. To ascribe ANY reason for its selling is speculative. You have zero proof it has to do with anything related to a short thesis. That's simply an attempt to spook investors

    2) You have zero evidence that any foreclosure is related to rideshare. Another commenter, Mellar, has investigated one already and found it had nothing to do with rideshare.

    3) The most likely reasons for the decline in the medallion market are: A) The legislatively-approved 15% increase in yellow taxi medallions and several thousand new livery licenses. More supply obviously impacts the value of current supply; B) the uncertainty of rideshare, as buyers merely wait things out; C) the subsequent illiquid market, which creates volatility.

    4) Boston foreclosures (also no proof as to why they foreclosed) are irrelevant to Taxi that has only 4% exposure there. Investors only care about TAXI borrowers.
    Feb 9, 2015. 01:22 PM | 2 Likes Like |Link to Comment
  • Medallion Financial Corp. Loses Its Largest Institutional Investor [View article]
    And there's a lot of bad news for the shorts today. TLC data shows that despite James' much-hyped "unconstrained new supply", it has barely affected taxi revenue.

    Of course, I've written all about it. Longs have nothing to worry about. Shorts should be very concerned.

    http://seekingalpha.co...

    (Embargoed for PRO subscribers until 2/10 at 524AM PT)
    Feb 9, 2015. 01:14 PM | 1 Like Like |Link to Comment
  • Medallion Financial Corporation Has Far More Than '28%' Exposure To Medallion Prices [View article]
    ONE foreclosure as evidence of your entire thesis?
    Feb 8, 2015. 02:10 PM | Likes Like |Link to Comment
  • Medallion Financial Corporation Has Far More Than '28%' Exposure To Medallion Prices [View article]
    "No one is confused about "the circumstances under which" seven NYC medallion foreclosures have occurred since September after years without a single foreclosure."

    Apparently, at least one person is.
    Feb 8, 2015. 03:00 AM | Likes Like |Link to Comment
  • Industry Vet: Rideshare Threat To Taxi Medallions 'Vastly Overstated' [View article]
    Shockingly positive information just came into my possession about taxis. Quasi-bad news for Uber, but mostly proof of the long thesis.
    Feb 5, 2015. 07:33 PM | Likes Like |Link to Comment
  • Uber's New BHAG: UberPool [View article]
    All kinds of crosscurrents.

    Here's another:

    http://bit.ly/1CwEhov
    Feb 4, 2015. 09:17 PM | Likes Like |Link to Comment
  • Medallion Financial Corporation Has Far More Than '28%' Exposure To Medallion Prices [View article]
    You have no way of determining the circumstances under which any foreclosure occurs.
    Feb 4, 2015. 07:06 PM | Likes Like |Link to Comment
  • Medallion Financial Corporation Has Far More Than '28%' Exposure To Medallion Prices [View article]
    "Another"?

    0 in December http://on.nyc.gov/1zajGz6

    1 in November
    http://on.nyc.gov/1zajGz8

    Out of....13,000.
    Feb 4, 2015. 04:26 PM | Likes Like |Link to Comment
  • Uber's New BHAG: UberPool [View article]
    As usual, you leave out accelerated depreciation, repairs, and maintenance.
    Feb 4, 2015. 11:47 AM | Likes Like |Link to Comment
  • Taxi Medallions Are Safe Because Uber Will Implode [View article]
    False. You do not understand how money at the bank and at the parent flows. Call the company and they'll explain it to you.
    Feb 4, 2015. 10:21 AM | Likes Like |Link to Comment
  • Taxi Medallions Are Safe Because Uber Will Implode [View article]
    Wrong. The fact that the loan defaults is an event which must be publicly reported.
    Feb 4, 2015. 10:20 AM | Likes Like |Link to Comment
  • Taxi Medallions Are Safe Because Uber Will Implode [View article]
    There is no "by the time". Drivers will not default in any material volume. They will not walk away from the asset that provides their livelihood, forfeit assets and declare bankruptcy so they can go and work for someone else and earn less.
    Feb 3, 2015. 09:37 PM | Likes Like |Link to Comment
COMMENTS STATS
1,153 Comments
683 Likes