" We estimate that the average loan-to-value ratio of all of our medallion loans was approximately 37% as of March 31, 2014 and 36% as of December 31, 2013. In addition, we have recourse against a vast majority of the owners of the taxicab medallions and related assets through personal guarantees. For more information, see “Business—Medallion Loans.”
This is my kind of company, no one has ever folded their loan on a medallion loan, they have become more expensive every year.
They just raised there dividends again, it is good news when you invest in a growth company & they raise the dividend;
I feel the dow has beaten up this company over the last few years unfairly because they are a small cap but they are solid with a growth projected through the next 10 years, if they just sit where they are you have a triple in dividends alone
Your quote from the prospectus proves you're an idiot. As stated, the value of medallions would have to fall over 60% to be an threat to collecting on the loan collateral. Facts at the NYC Tax Commission website show that medallion values continue to hold and trade for over $1 million. Your postings clearly show you are a the one who is panicked as a short seller posting false information. The price of the stock rising shows that you are wrong and must be losing a fortune over the last three trading days.
#$%$? What is in Pakistan? The medallion is just retrieved from the city government, sold and the any leftover value sent to the borrower. It is much easier than any home, consumer, or even business loan.