When I saw the ticker + the name of the company... I decided to just 'observe'. Medallions are the best performing asset class since.. forever.. I'm not trying to find out how long that can go on.. Plus, the mark to market accounting for that may be more of a guess.. Hell, it's up 49% in the last 12 months.. 1.3 million for the right to operate a taxi in NYC.. Ugh.. Disturbing.. Same corporate medallion was 522k in Jan 2007..
Keep in mind, NAV before offering was 10.25. I'm not trying to relieve myself in the cereal of others.. I'm just saying.. Know the underlying.