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Medallion Financial Corp. (TAXI) Message Board

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  • bufordbagsworth bufordbagsworth May 18, 2012 12:54 PM Flag

    The secondary has nothing to do with book value

    I agree that it's a chunk of change but given that insiders hold 20% of the stock I have to believe that they are operating in the best interest of the shareholders.

    I picked up a few shares on the news of the secondary and am now in a bit of a holding pattern.

    Interesting to note that TAXI has offices in Boston, Chicago and a couple of other cities. One wonders how much business they do outside of NYC.

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