Once Again, NYC Data Shows Resilience Of Taxi Medallions
http://seekingalpha.com/article/3448986-once-again-nyc-data-shows-resilience-of-taxi-medallions
Aug. 18, 2015 2:17 PM ET
Larry Meyers, PDL Capital
(disclosure: author is LONG on TAXI - a public company which finances medallions)
Two articles over the weekend, one in the NY Daily News and another in the Economist, have provided more clarity about the UberX vs. taxi situation in New York. As I've long stated, concerns over taxi medallion values and the ability of taxi medallion borrowers to service loans are vastly overblown.
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To read the full text of the article visit the link above.
http://seekingalpha.com/article/3448986-once-again-nyc-data-shows-resilience-of-taxi-medallions
Aug. 18, 2015 2:17 PM ET
Larry Meyers, PDL Capital
(disclosure: author is LONG on TAXI - a public company which finances medallions)
Two articles over the weekend, one in the NY Daily News and another in the Economist, have provided more clarity about the UberX vs. taxi situation in New York. As I've long stated, concerns over taxi medallion values and the ability of taxi medallion borrowers to service loans are vastly overblown.
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To read the full text of the article visit the link above.