Medallion Financial Corp. (TAXI)

[First Crown Research]

Bankruptcy coming soon. Cash levels are deceiving since a good chunk is already pledged. Insider buying of a few thousand is a joke compared to the guys total net worth.

[Goldmind]

Expect this crap to be at $1 very soon!!
Uber will go public January 16 2016

[investorsito]

Fortune: Uber taps recent Supreme Court ruling to fight cab companies

http://fortune.com/2015/09/23/uber-fights-cab-companies/

[investorsito]

Sorry chasers,

http://www.huffingtonpost.com/terry-savage/taxi-medallion-bubble-bur_b_8185804.html

[investorsito]

Pop from bs Barron's article. Never fails. Profit takers congrats.

[investorsito]

Uber. Is. No. Going. Anywhere.

[starbuxsux]

Medallion Financial -3.9% as "Taxi King" files for bankruptcy
Jul 23 2015, 15:13 ET | About: Medallion Financial (TAXI) | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip
Gene Friedman is NYC's largest owner of taxi medallions with more than 1K held in various vehicles, but the value of those medallions has been plunging thanks to Uber (and others like it). Creditor Citibank recently won a court order forcing him to give up some of those medallions in order to pay down debt.Yesterday's Chapter 11 filing is for protection on 22 of Friedman's companies collectively owning 46 medallions.Medallion Financial (NASDAQ:TAXI) is lower by 3.9% on the session.Previously: TAXI slumps as chunk of medallions could hit the market (June 12)

[harry crumb]

Incredible dividend play here, double up an investment just on that! $$$ added more!

[starbuxsux]

$TAXI - $9.94 -0.71 (-6.67%)

TAXI tumbles as CNBC reports on sliding medallion prices
May 26 2015, 10:57 ET | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip

It's not exactly new news, but taxi medallion prices are heading south. As CNBC reports, NYC medallion prices averaged about $800K in Q1, roughly 20% below four years ago.

Medallion Financial (TAXI -8.3%) gets a mention during the segment, as does the company's note that 90% of its earnings come from outside the taxi business.

Previously: Uber in talks for $1B credit facility (May 22)

Previously: Icahn invests $100M in top Uber rival Lyft (May 15)

[starbuxsux]

yea that is kewl!

[Penny Roger$]

Now that gives me an idea...

[starbuxsux]

nah...waiting for a Ferrari

[Penny Roger$]

Need a ride?

[starbuxsux]

Medallion Financial gives back some of repurchase-related gain
Dec 10 2014, 09:47 ET |
About: Medallion Financial (TAXI) | By: Stephen Alpher, SA News Editor

Up about 3.5% yesterday on news the company stepped in to buy back more than $1M worth of stock on Tuesday, Medallion Financial (NASDAQ:TAXI) is lower by 0.75% in early action this morning.

The company still has nearly $17M remaining under its $20M buyback authorization.

[starbuxsux]

uber who?

[Penny Roger$]

$TAXI breakout chart


Taxi driver strips in police station
http://web.orange.co.uk/article/quirkies/Taxi_driver_strips_in_police_station

A frustrated cabbie stripped naked in a police station after his taxi was confiscated.

Zhen Hsiao, 47, saw red when police in Southern China told him they were confiscating his unlicensed cab after pulling it over in Nanching, during a crackdown on the city's so-called 'private taxis'.

"You think my taxi is illegal? I'll give you something to really look at. Look at me - that's what I think of your law," shouted Zhen as he leant on the front desk.

Goggle-eyed members of the public stared on as Zhen was handcuffed and then led away - still in the buff - by embarrassed officers.

Witness Li Hsu said: "He was very angry and telling the police they'd kiss his backside if he could afford to bribe them."

Police say Zhen new faces charges of driving an illegal cab and of breaching public decency laws.

[Penny Roger$]

$TAXI the ticker >> Fun to hit big bumps om this ride imo.

[starbuxsux]

$TAXI - $12.20 +0.290 (+2.43%) UBER WEEEEEEEEEEE!!!

[Penny Roger$]

Vroooom!

[Penny Roger$]

It looks like the light is on.. TAXI!

Now or later imo..

[starbuxsux]

Medallion Financial beats by $0.01 • 8:59 AM

Medallion Financial (NASDAQ:TAXI): Q2 EPS of $0.28 beats by $0.01.
Revenue of $7.9M (+37.6% Y/Y)
Press Release

[starbuxsux]

ha ha!

[Penny Roger$]

Don't dig too deep. We got big trunks.

[starbuxsux]

Let me go out back and dig up old Jimmy Hoffa lol

[Penny Roger$]

Still down a bit.

Do these people have political clout in huge cities to get clients medallions?

[starbuxsux]

$TAXI - Survey Shows The Uber Story Is Overblown, TAXI Remains Dominant

http://seekingalpha.com/article/2352885-survey-shows-the-uber-story-is-overblown-taxi-remains-dominant?uprof=51

[starbuxsux]

Medallion Financial Corp. Reports 2014

May 05, 2014 09:04:00 (ET)

-- First quarter earnings highest in nearly 10 years reach $6,766,000

-- Net investment income after taxes increased 40% compared to the 2013
first quarter

-- Managed assets reached an all-time high at $1.363 billion

-- Net interest margin was 6.92% on a combined basis, up from 6.36% last
year

-- Delinquent loans on a managed basis were 0.5%

-- No medallion loan was over 60 days delinquent

-- Quarterly dividend increased to $0.24 per share, the highest in 13 years

NEW YORK--(BUSINESS WIRE)--May 05, 2014--
Medallion Financial Corp. (Nasdaq:TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that earnings, or net increase in net assets resulting from operations, were $6,766,000 or $0.27 per diluted common share in the 2014 first quarter, up $294,000 or 5% from $6,472,000 or $0.30 per share in the 2013 first quarter. Net investment income after income taxes was $3,450,000 or $0.14 per share in the 2014 quarter, up $987,000 or 40% from $2,463,000 or $0.11 per share in the 2013 quarter.

Medallion Bank, the Company's unconsolidated wholly-owned portfolio company, had net income of $5,972,000 in the 2014 first quarter, compared to $4,650,000 in the 2013 first quarter, an increase of $1,322,000 or 28%. As the Company continues to use Medallion Bank as a primary funding source, it refers more loans to Medallion Bank for origination to take advantage of current short term borrowing rates which are at historically low levels, and which are the Company's least expensive source of funds.

Andrew Murstein, President of Medallion Financial stated, "We are extremely pleased with the 2014 first quarter results, which were among the highest in the Company's history. Additionally, we are also pleased that we were able to increase our dividend to $0.24 per share, the highest it's been in 13 years, and up from $0.22 a year ago. Over the last 5 years we have given our shareholders an annual return including dividends of approximately 18% per year, including 29% in 2013. We are proud to have performed so well, and we feel confident in our future.

"We are also excited about the prospects of financing many of the future winning bids on the 1,600 New York City taxi medallions which will be auctioned off over the coming years. This should help drive the continued growth of our business. The taxi industry remains extremely solid in many of our markets, especially our largest market, New York, where values are as strong as they have ever been. Our average loan to value ratios in all of our markets are under 40%."

Medallion Financial's net interest margin was 5.99% in the 2014 first quarter, compared to 5.51% in the comparable 2013 period. This primarily reflected higher interest recoveries and lower levels of borrowings as the Company used the proceeds of its recent equity offering to pay down debt. On a combined basis with Medallion Bank, the net interest margin was 6.92% in the quarter, compared to 6.36% a year ago, reflecting the continued low cost of funds at the Bank, and the Bank's higher-yielding loan portfolio. Both measures demonstrate the strong portfolio earning power of Medallion, as net interest margins increased and remained at high levels compared to most other financial institutions.

Larry D. Hall, Chief Financial Officer of Medallion Financial stated, "All the important indicators of our business continue to demonstrate the quality of Medallion's operations, including continued growth and profitability, very solid credit performance by the portfolios, strong capital levels, abundant liquidity, and an experienced management team. On a combined basis with Medallion Bank, loans 90 days or more past due remain at exceptionally low levels, only 0.5%, compared to 0.5% at year end, and 0.2% a year ago. Medallion's capital and liquidity levels remained especially strong due in part to strong earnings and the recent equity raises. Medallion's debt to equity ratio was only 1.15 to 1, providing ample room for increasing our leverage and growing our businesses down the road."

Mr. Hall continued, "We continue to look for opportunities to replace higher cost borrowings with lower cost fixed and floating rate debt, further enhancing our profitability and lowering our cost of borrowed funds. We see additional opportunities to continue this as rates remain near historic lows."

Medallion Financial's on-balance sheet taxicab medallion loan portfolio was $311,000,000 at quarter end, up $22,000,000 or 8% from $289,000,000 a year ago, primarily reflecting portfolio growth in the New York, Newark, and Boston markets, and lower sales to third parties. Total managed medallion loans increased $20,000,000 or 3% to $705,000,000 at quarter end, up from $685,000,000 a year ago.

Medallion Financial's on-balance sheet commercial loan portfolio was $59,000,000 at quarter end, down $3,000,000 or 5% from $62,000,000 a year ago. The managed commercial loan portfolio was $99,000,000 at quarter end, down $17,000,000 or 15% from $116,000,000 last year, reflecting the Company's focus on growing its more profitable consumer business.

Medallion Bank's consumer loan portfolio increased $100,000,000 or 37% to $369,000,000 at quarter end from $269,000,000 a year ago, reflecting strong growth in all portfolio categories, especially home improvement and RV lending. Overall, total managed assets for the Company increased $151,000,000 or 12% to $1,363,000,000 at quarter end, up from $1,212,000,000 a year ago.

Medallion Financial also announced a dividend of $0.24 per share for the 2014 first quarter, up from $0.22 per share in the 2013 first quarter. This brings the total dividends declared over the last four quarters to $0.92, up 7% from $0.86 in the prior four quarters, and equates to a yield of approximately 7% based on the closing price of the Company's stock on May 2, 2014. The current dividend will be paid on May 23, 2014, to shareholders of record on May 16, 2014. Since the Company's initial public offering in 1996, the Company has paid or declared in excess of $211,800,000 or $12.58 per share in dividends.

Medallion Financial Corp. is a specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services loans in other commercial industries, and its wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have lent approximately $5 billion to the taxicab industry and other small businesses.

Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, and growth. Medallion's actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those factors discussed under the heading "Risk Factors," in Medallion's 2013 Annual Report on Form 10-K.

[starbuxsux]

finally getting some upward movement!

[Penny Roger$]

really churning hard here!

[starbuxsux]

Looks like another one we know that runs on gas lol

[Penny Roger$]

Yeah, popped the bollie today..

[starbuxsux]

FRUSTRATING

[Penny Roger$]

Investment vehicle!

[starbuxsux]

Cash cab! lol

[Penny Roger$]

The meter is running, hope the stock does too!

$TAXI - $13.76 +0.140 (+1.03%)

[starbuxsux]

$TAXI - $13.76 +0.140 (+1.03%)

[starbuxsux]

Well I bought a nice position today...so let's see how big a tease she is?

[Penny Roger$]

Such a tease here.

[starbuxsux]

ooooooooooooooh!

[Penny Roger$]

Getting closer

[Penny Roger$]

New sar

[Penny Roger$]

I hope it bounces like that pacman.

[Penny Roger$]

Look at society and how many people are calling cabs? People used to more so imo. Looks like this one needs to air out it's sneakers some.

[starbuxsux]

How To YieldBoost Medallion Financial From 6.4% To 20.5% Using Options

http://www.thestreet.com/story/12192313/1/how-to-yieldboost-medallion-financial-from-64-to-205-using-options.html?puc=yahoo&cm_ven=YAHOO

[starbuxsux]

To start they had a PO last month...priced @ $16.40 per share! We're talking waaaaaay below the buy signals right now for a PO bounce play lol

I also heard a piece on cnbc about a start up taxi company (I forget the name) that allows you to bypass the need to buy the medallion which I hear runs in the neighborhood of $1 million now. But regulations and politics would shut that down full stop IMO even though it is running.

$TAXI is financially sound and backed now by $150 million LOC...plus they pay a divi...it is still up 16% over last 12 months...this should be a good stock for 2014 IMO

[TheFinalCD]

why is the TAXI down?

so low to begin with

[starbuxsux]

$TAXI - $14.01 bottoms up?

[starbuxsux]

Come on $TAXI! make a U-Turn!!!

[Penny Roger$]

I need some margin like that.

Medallion Financial Renews $150,000,000 Credit Facility

[Penny Roger$]

crazy.. looks like the meter is still running too.