Medallion Financial Corp's 20% Decline Is Your Investment Opportunity

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. Because of these new threats, investors have been bailing out of Medallion in droves, sending the stock down 20% over the last year.

But according to Financials analyst David Hanson on today's Stock of the Day, it's this narrative that has hurt the company, not the fundamentals of Medallion itself. In fact, David wants investors to do some research themselves and not blindly buy into the idea that Medallion is going to be run out of town. He encourages investors to keep an eye on Uber and Lyft, but he's still confident in Medallion Financial.

This new technology is an even bigger threat
Only a few investors are embracing this new market which experts say will be worth over $2 trillion. Find out how you can cash in on this technology before the crowd catches on, by jumping onto one company that could get you the biggest piece of the action. Click here to access a FREE investor alert on the company we're calling the "brains behind" the technology.


Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3037392, ~/Articles/ArticleHandler.aspx, 9/30/2014 2:09:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement