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Medallion Financial Corp. (TAXI) Message Board

  • eagleeyes4utoo eagleeyes4utoo Jun 27, 2014 11:40 PM Flag


    NYC mini fleets now bid 1.5 mil was 2.6 mil. NYC streets now clogged with criusing green cabs diminish value of yellow medallions....It's called "supply & demand" simple as that. Too many for hail cars in service, city overdid it this time. Driver incomes down, mean fewer drivers and idle yellow cabs.....ALL FLEET OPERATORS NOW COMPLAINING ABOUT LACK OF DRIVERS AND IDLE CABS...NO DRIVERS MEANS LOWER MINI FLEET CORP VALUES. TAXI IS ALL ABOUT NYC MEDALLION VALUE AND LOWER VALUE WILL MEAN CRASH IN TAXI STOCK. IT'S COMMON SENSE, NO AMOUNT OF SUGAR COATING ON THIS BOARD WILL CHANGE THE FACTS....BLOOMBERG FINALLY BROKE THE MEDALLION OWNER MONOPOLY AND TO ADD INSULT TO INJURY, THEN ALONG CAME UBER.


    Sentiment: Strong Sell

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