because TotalTrax acts like a scanner. IDSY does not. Use a scanner for scanning. There are dozens of billion dollar companies that do that. Why is TotalTrax competing with them?
This has to be the stupidest argument ever. TotalTrax is a complete POS. A loser company made up of loser divisions that utilize 1970's technology and compete against companies like HON and ZBRA. I don't even know why IDSY feels the need to list them as a competitor.
now that asset pool is over $1B, what is they chance they securitize a portion of the Bank portfolio and sell it off. Say $100M worth? Could book a nice gain....and tick off Hickman
Hickman lacks that ethical trait. He is right, everyone else is wrong, he can flaunt the law and it is only a "paperwork issue". He has all the personality traits of a classic sociopath and serial killer. And Gossage is his little sidekick
interesting and I agree. Could you update the post through the first 6 months of this year? I think they are over $1B now in total assets and made over $11M so far this year? So it looks like they are down a little in profitability (the analyst surmised they originated more loans than usual) but still on pace for 2% or more this year.
I think they will write up the value of the bank over time and write down the value of Medallions over time with the write up exceeding the write down.
Short thesis is flawed.
MFC established a wholly-owned subsidiary, Taxi Medallion Loan Trust III (Trust III), for the purpose of owning medallion loans originated by MFC or others. Trust III is a separate legal and corporate entity with its own creditors who, in any liquidation of Trust III, will be entitled to be satisfied out of Trust III’s assets prior to any value in Trust III becoming available to Trust III’s equity holders. The assets of Trust III, aggregating $181,643,000 at June 30, 2015, are not available to pay obligations of its affiliates or any other party, and the assets of affiliates or any other party are not available to pay obligations of Trust III. Trust III’s loans are serviced by MFC.
who would down vote this? This is exactly what needs to be done.
- took out the comparison to other companies in the sector. I suggested this. We deserve to be undervalued. No growth
- Breakeven at $46M/yr in revenue vs $52M ($11.5M/qtr)
- no longer say "strong balance sheet"
- no longer say "breakeven by year-end"
- no updates on the Avis slide yet they keep talking about it. I guess when you have nothing else to talk about they bring this up
I would agree if it was a mutual fund.
I have stocks with good dividends like MO, AWK, VZ that sometimes go up the on the x-div day.
you assume a stagnant share price that is adjusted down by 25c. If the yield goes above a certain %, aren't some people attracted to the yield?
You also ignore shorts who don't want to PAY the dividend. That certainly is cash out of their pocket.
This months magazine is on forklifts. There is an article on fleet management which interviews Ehrman. You think they would put that article on theIDSY website
Another article on TotalTrax which talks about their ceiling tile location system. Almost sounds like 1970 called and wants its location technology back