Taxi Medallion prices continue slide

• The average New York City taxi medallion fell to $840K in November, down from $872K in October, and off 20% from a peak hit in June 2013.
• Reporting the news in the NYT, Josh Barro notes NYC's taxis are better-protected from Uber than other cities thanks to more competitive fares and because only taxis can accept street hails. It's a point SA Pro author Time & Model makes in a bullish essay on Medallion Financial (TAXI) released earlier this morning (under embargo until Thursday at 5 AM ET).
• Previously: Taxi medallion prices plummeting