FDIC cert #: 57449
not sure on #2 question but report is YTD
Assets up $70M from Q2 or 7%. Bank sent $5M to Medallion Financial, same as last Q
I'm sure Hickman will find something he doesn't like; maybe the font they used.
svck it shorts. Best quarter of the year. $6.49M in profit
Uber has stated their long term goal is autonomous vehicles for their cars. I find it laughable all these discussions on who makes more; taxi drivers or uber drivers. In a few years, all those uber drivers will be out of jobs and then bemoaning their fate
Truck drivers, delivery drivers, etc, will also be out of jobs. That's millions of people
what you are missing is massive option grants to insiders so the bb does little to reduce share count. in effect, insiders are looting the treasury
this is the slow season and they are slow. Not as slow as last year at this time, but still slow. Card sales are up and the bright spot of the company.
There was an SA article that had some good analysis: $18 is fair value +/- $4. So it is slightly undervalued now. Will announce new dividend at end of week most likely. I like the yield at this price and have a small holding here.
You are too stupid to realize they are stealing your money. And how come you don't comment on how they never go up on up market days?
but sales and absolute earnings will be lower. This is not growing the company. This strategy hasn't worked at IBM and won't work here either
all these buybacks do is allow insiders to sell their free restricted shares and stock grants back to the company. The share count is barely reduced.
Eliminate insider options and restricted share grants until the share price has improved.
must be tough to live in your miserable world of lies and deceit. I'll bet you were picked in since you were a kid. You had to construct a make believe world to get through the day. Sad, sad, miserable life you lead.
You were just publicly pantsed son
would be interesting if the infamous "consent order" found it's way to Barron's and they ran with that. I'd also like them to dig into "HVM Capital"
Hickman wrote a letter to Barron's editor to refute their recent pro-TAXI article. It was filled with his typical half-truths, misstatements, omissions, and outright lies. Barron's felt so strongly, they actually commented on his letter:
bunch of lies
I have a short position in Medallion, and I believe more balance is in order.
James F. Hickman
Chief Investment Officer
Jack Willoughby responds: Medallion shares have dropped from about $17.75 to a low of $6.25 last month, thanks in part to Hickman’s campaign conducted on various Websites. We contend that Uber’s influence has been exaggerated, and with it the negative influence on Medallion Financial, a funder of the medallions that cabs need to operate. Yellow-cab revenue by midyear had dropped only modestly. The price jump of Medallion Financial shares after the story ran demonstrates the acceptance of an alternative point of view.