Hop Into This TAXI
Medallion Financial (TAXI) is a specialty finance company in a unique business. Medallion's corporate slogan is, "In niches, there are riches," and its primary business is very specific: It finances taxi cab medallions.
Taxi medallions represent licenses to operate taxicabs in major urban areas. Fully 78% of the firm's taxi medallion portfolio is located in its original New York City marketplace, but Medallion has expanded to finance medallions in the Chicago, Newark and Boston markets. In the New York market, an individual medallion sells for $699,000, and corporate medallions fetch $1 million....1060 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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