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Medallion Financial Corp. (MFIN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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8.70+0.16 (+1.87%)
At close: 4:00PM EDT
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  • C
    Chris
    Couple of medallions got sold for at or over $100k in the June transfers report.
  • y
    yossi
    Stock continues to slide breaking the 30 and 50 moving average support. I still believe that it is an heathy correction and that we are still in the middle of a long term appreciation to 20$. Q2 report will be very important to show consistency and maybe they will surprise with dividend…
  • M
    Mark
    Korr Value has requested documentation from MFIN. Appears to be disclosed at 3:30pm june 30, driving the volume.
    http://archive.fast-edgar.com/20210630/A42WN22CG222F2Z2222D2CEZ99MRZ2M22232/
    Any opinions?
  • y
    yossi
    Medallion transfer report for June was published. Lot’s of deals many foreclosures and bankruptcies.
    Any takeaways?
  • n
    nobody
    MFIN should go private and get out of the public eye can not create shareholder value
  • d
    dbtunr
    article in paper today that taxi industry is rebounding due to fact Uber and Lyft can't find drivers and their rates are thru the roof now for users so taxi rides are up 800%. MFIN might actually be able to recover many millions
  • C
    Chris
    Not going to make the Russell 2000, as min market cap is $257M this year.
  • J
    Jonathan
    Presentation taking place at 12pm today. Deck is already available to review. Hopefully some new investors take notice.
    Bullish
  • y
    yossi
    Report is due in 39 days. Analysts expect EPS of 29 cents. It looks conservative to me.
    Any thought? Chris what is your projection?
  • C
    Chris
    Saw the New York Taxi Workers Alliance was specifically calling out Medallion Financial today on Twitter regarding the foreclosures and debt collections.

    Protested in front of their Maddison Ave headquarters.
  • M
    Mark
    Shareholder meeting is this week and IR is reaching out with some personal service....and to take my votes directly. They haven't been this clingy since the BDC conversion. I don't see anything controversial in the votes. Am I missing something?
    Are activists pushing something against management?
  • C
    Chuck
    Backlog announcements motor home mdgs announce 2 billion dollar backlogs at mfgs
  • y
    yossi
    Good morning to all my US friends. Looks like we had an healthy correction and we are heading to new records.
    Good luck.
  • C
    Chuck
    I just voted against the three resolutions at the up coming board meeting by telephone hoping it will help
  • C
    Chris
    RV shipments data for April was good.

    Tried to buy a 1:64 die cast #43 car with the medallion bank paint job, but I guess that version got cancelled.
  • d
    dbtunr
    new multi-year high on a big down day. Excellent relative strength
  • C
    Chuck
    99 thousand shares changed hands someone believes this bank is worth 20 dollars a share my guess by the end of the year with a little luck
  • y
    yossi
    Medallion transfer report for April - one transfer at 65K$ (the lowest) and some as high as 230K$. Not a clear picture.
  • d
    dbtunr
    B. Riley Adjusts Medallion Financial PT to $12 From $11, Maintains Buy Rating
  • C
    Chris
    Still too much noise about this company being tied to taxi medallions. Def agree with KORR to change the name to shake that off.

    Just heard a report about MFIN where they said “a company that provides, services , ... taxi medallion loans and other commercial loans” and said things might improve with NYC opening back up.
    And a seeking alpha article a few weeks back saying this spiked due to NYC taxi medallion debt forgiveness plan.