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ImmunoGen, Inc. Message Board

bohleyman 366 posts  |  Last Activity: Apr 14, 2014 3:24 PM Member since: Dec 11, 2009
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  • Reply to

    Taxi is a Short

    by asteve2 Mar 21, 2014 2:34 AM
    bohleyman bohleyman Apr 14, 2014 3:24 PM Flag

    The fundamentals and earnings support a long position. Personal opinions based on 'feelings' mean nothing.

    Sentiment: Strong Buy

  • Reply to

    Taxi is a Buy

    by bohleyman Apr 8, 2014 4:03 PM
    bohleyman bohleyman Apr 8, 2014 4:07 PM Flag

    Today's low $13.00

    Sentiment: Strong Buy

  • bohleyman by bohleyman Apr 8, 2014 4:03 PM Flag

    In mid-February Medallion reported record full-year earnings of $1.16 per share as its net interest margin expanded 35 basis points and its dividend jumped to its highest point in 13 years. In addition, not a single one of its medallion loans was more than 90 days delinquent, which speaks to the phenomenal credit quality of its portfolio. Simply put, you can't find many financial-service companies that will deliver a net interest margin of nearly 6.7% in this anemic interest rate environment. All the rest are mere rumors....

    Sentiment: Strong Buy

  • Reply to

    ORC-OT

    by owenbailey17 Mar 26, 2014 10:14 AM
    bohleyman bohleyman Mar 26, 2014 12:42 PM Flag

    I agree - digestion of the lowered share PPS due to the second SPO is going to take a bit longer than the first......but ultimately it will recover. Sit tight and collect over 17% while you're waiting....

    Sentiment: Strong Buy

  • Reply to

    Reversal Day ?????

    by alanbalanbalanb Mar 21, 2014 5:01 PM
    bohleyman bohleyman Mar 26, 2014 12:37 PM Flag

    The bottom on 3/21 was 13.20.....today's bottom was 13.265 - too early to call a double-bottom I suppose.....but I wouldn't be surprised!

    Sentiment: Strong Buy

  • Reply to

    Reversal Day ?????

    by alanbalanbalanb Mar 21, 2014 5:01 PM
    bohleyman bohleyman Mar 21, 2014 5:59 PM Flag

    No doubt a fund selling out (they hit the button at 3:40pm) - heavy volume day too. The price action has been saying someone was selling even before the divi....now it's clear.

    Sentiment: Strong Buy

  • http://www.businessweek.com/articles/2014-02-28/if-uber-is-killing-taxis-what-explains-new-yorks-million-dollar-medallions

    Sentiment: Strong Buy

  • Reply to

    Record Taxi Medallion Prices Auctioned

    by bohleyman Feb 27, 2014 12:43 AM
    bohleyman bohleyman Mar 21, 2014 4:22 PM Flag

    Green cabs can only operate in the boroughs. They cannot pickup or drop-off below 110th St or at the airports which means no one would take anyone into the city knowing they'll have to drive back empty. So I don't see them having much impact on medallion values. Besides, the boroughs have had 'car service' cabs for over 60 years and they have never impacted yellow cab business ether. Neither do I think 'community transportation' having any effects either although I haven't researched that one.

    Sentiment: Strong Buy

  • ....end of this week. Ca-ching!

    And another less than two months away with good earnings to be reported on 5/05....what's not to like?

    Sentiment: Strong Buy

  • bohleyman by bohleyman Mar 18, 2014 3:53 PM Flag

    suggest the next leg up starts here (Yellen-withstanding).

    Sentiment: Buy

  • Reply to

    Here we go again

    by dar200 Mar 5, 2014 4:37 PM
    bohleyman bohleyman Mar 6, 2014 12:57 PM Flag

    I still cant find the price anywhere....

  • Reply to

    End of Day Volume

    by mattchristensen2002 Mar 4, 2014 7:03 PM
    bohleyman bohleyman Mar 4, 2014 8:48 PM Flag

    Yes the Russell announcement ramped up the whole BDC section.

    Sentiment: Strong Buy

  • Reply to

    earnings

    by earljr1 Feb 28, 2014 12:09 PM
    bohleyman bohleyman Mar 3, 2014 9:43 AM Flag

    the price was dropping all week, even into ex - div.... I hope you're right.

  • Reply to

    Record Taxi Medallion Prices Auctioned

    by bohleyman Feb 27, 2014 12:43 AM
    bohleyman bohleyman Feb 27, 2014 12:58 PM Flag

    Yes. So now we've had an SPO, good, solid earnings, and another successful record-auction....what more does this company need to do?

    Sentiment: Strong Buy

  • Taxi medallion auctioned for record-setting $965,000

    The price paid for a New York City taxi medallion reached a record high at a city auction with a winning bid of $965,000 on Wednesday.

    For the first time in six years the city auctioned taxi medallions for yellow cab drivers on Wednesday and the winning bids ranged up to a record-setting $965,000.

    “I’ve been waiting for this for years. I missed out the last time,” said Sadar Jaman, 44, who emigrated from Bangladesh 22 years ago and has been a cabbie for ten years.

    Jaman, who drives the day shift, and his partner, M.D. Islam, who works nights, agreed on a bid of $910,013, financed with the help of a broker. They are on the hook for $105,000, which they are splitting – but Jaman said it’s a solid investment.

    The arithmetic for Jaman and Islam was simple: “We pay $7,000 a month to rent and with the medallion we’ll pay six thousands in mortgage. So we keep one thousand that we can use to maintain the car.” Now, Jaman can think about his post-cabbie days. “If I want to retire in ten years it’s easier if I have a medallion.”

    And the value of a medallion keeps going up.

    The city put on the auction block 168 medallions – the right to drive a yellow cab – for wheelchair-accessible vehicles.

    The minimum bid was $650,000, and only yellow cabbies could bid. That’s quite a jump from the last individual auction, in 2008, when the minimum was $189,000.

    In Wednesday’s auction, the city received 297 bids and the winners ranged from $965,000 to $805,201.97.

    In 2008, the lowest winner was a mere $226,000 and the highest bid was $413,000.

    The actual market value of a taxi medallion is over $1 million. Last November the city auctioned off 100 pairs of wheelchair-accessible medallions – but it was open to fleet owners. The top bid was $2.3 million for a lot of two medallions.

    Taxi and Limousine Deputy Commissioner Conan Freud said Wednesday’s auction means there will be 601 “accessible yellows” in the city.

    “We’ll see 168 (more) wheelchair-accessible yellow cabs so people with disabilities will have more options and regular riders will just see 168 more cabs in the street,” Freud said. “We’ll also see 168 new businesses being created today.”.... NY Times 2/26/14

    Sentiment: Strong Buy

  • • Full year record earnings of $25,776,000, or $1.16 per diluted common share, increased 5% from 2012
    • Fourth quarter earnings of $6,658,000, or $0.29 per share, increased 2% from the 2012 fourth quarter
    • Net investment income after taxes increased 39% for the year
    • Managed assets hit an all-time high at $1.33 billion, including $814 million at Medallion Bank
    • Net interest margin was 6.66% on a combined basis, up from 6.31% last year
    • Delinquent loans on a managed basis were 0.6%
    • No medallion loan was over 90 days delinquent
    • Quarterly dividend of $0.23 per share, the highest in 13 years....."

    Solid increases all around....not bad for a company which our resident board-basher pronounced on Jan 6th - "End of the line for TAXI..." Ha!

    Analyst upgrades and record auction prices to come....

    Sentiment: Strong Buy

  • Reply to

    TAXI Time To buy. Medallion autions Feb 26th

    by kmwwmk1 Jan 30, 2014 11:33 AM
    bohleyman bohleyman Feb 14, 2014 11:13 AM Flag

    And just like magic, the little troll-spammer goes away - his short posts have had no effect....now maybe we can get back to fundamentals, and analysis.

    Sentiment: Strong Buy

  • Reply to

    Dividend time approaches

    by bohleyman Feb 8, 2014 2:04 PM
    bohleyman bohleyman Feb 10, 2014 12:31 PM Flag

    No announcement yet, but every year they pay a dividend around March 20th, and another around May 10th - that's two in two months. I have no reason to think they will do any different this year. GLTA.

    Sentiment: Buy

  • Reply to

    Good place to park MONEY

    by jackomusic2 Jan 24, 2014 12:02 PM
    bohleyman bohleyman Feb 8, 2014 2:35 PM Flag

    I too was in at $5.00 but got stopped out a while back - I'll never use stops again!

    Sentiment: Buy

  • Reply to

    Squeeze ??

    by cad4king Feb 7, 2014 10:54 AM
    bohleyman bohleyman Feb 8, 2014 2:12 PM Flag

    And this week's divi drop will take care of any 'overbought' worries....I see a continued increase in the PPS - and I'll take that divi thank you!

    Sentiment: Buy

IMGN
11.23Jul 9 4:00 PMEDT

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