Tag Archives: Medallion Financial Corp

Like Real Estate And Mortgages Before, NYC Taxi Medallion Prices Crash!

nyc taxi medallions crash

Some old adages for investing go that ‘nothing goes up in a straight-line’, that ‘you don’t want to be the last one standing when the music stops’ and that ‘bulls and bears make money but pigs get slaughtered’! Investors in real estate and mortgages learned this lesson the hard way heading into, and then following, the […]

Taxi Medallions As A Proxy For The Way Technology Can Disrupt Whole Industries

taxi medallion prices plunge

An April 2015 headline here told the story of the onslaught that faced the traditional taxi industry from technology-driven competitors like Uber and Lyft… ‘Because Of Uber, Are Taxi Medallion Lenders A Shorting Opportunity?‘ ‘In other words is the competition from Uber decreasing the demand for taxi medallions causing the price of the medallions to drop […]

Because Of Uber, Are Taxi Medallion Lenders A Shorting Opportunity?

taxi medallion,shorting stock,NYC

In other words is the competition from Uber decreasing the demand for taxi medallions causing the price of the medallions to drop thereby damaging the collateral of taxi medallion lenders? In a word…yes! For those who may be unfamiliar, in cities like New York City medallions are required for a yellow taxi to operate. The […]

Investor Vigilance: Uber And New York City Taxi Medallions!

NYC taxi medallions

In New York City the competition from yellow cab alternatives like Uber has eroded the value of taxi medallions! And, as with most ‘revolutionary’ ideas, the sudden change in the way the taxi industry does business has led to unintended consequences, this time in the investment arena. Using a loose analogy to the hand-held phone […]