Medallion Financial Group | Stock of the Day - 7/21/14

The Motley FoolJuly 21, 2014

Medallion Financial (NASDAQ: TAXI) provides loans to taxi drivers in New York City who want to buy a taxi medallion. While it may sound like the company has a nice niche market to work in, that market has recently been invaded by the likes of Uber and Lyft, which are turning the taxi business upside down.