Medallion Financial Corp. MFIN

6,484 put option for march 15 strike 7.5$ traded at 0.07$.
This i
Quantity represent 648.4K shares… we must let them lose it all, they dragged us down after the ER.

Very conservative bad debts allowances. They will have much easy comparable next year. Way too conservative GAAP.
More recoveries expected in 2024.

Looking forward for great earning today after close.
More recoveries to come…
Stock is on the way up!

It is about time to break the 12 months high.
Bank report will be great. Expect more recoveries on the medallion loans during 2024 (the loan original principal amount is ~$200 million and book value is very small).
They will increase dividend (again) and will continue to grow at 10%+ annually.
The stock is way undervalued and could reach 20$ by end of 2025.

Bank report will be released next week. Another excellent quarter.

Next target is $12 during Q1 2024.

Finally 10$ today!!!

10$ today!

10$ next week

10$ today!