Medallion Financial (TAXI +5.1%), provider of financing for taxicab medallions in some major...

|About: Medallion Financial (MFIN)|By:, SA News Editor

Medallion Financial (TAXI +5.1%), provider of financing for taxicab medallions in some major U.S. cities, speeds to a three-year high on a NYT report that NYC taxi medallion prices hit a record $1M, up from $10 when first issued in 1937. Not a bad investment: The value of a medallion is up 1,900% since 1981.