Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers; equipment and related assets necessary to open a new business; or purchase or improvement of an existing business, as well as to finance small scale home improvements. It also provides secured mezzanine loans to businesses in various industries, including manufacturing, and various service providers; and asset based loans to small businesses. In addition, the company offers other secured commercial loans that are focused on retail trade businesses; and other debt, mezzanine, and equity investment capital to companies in various industries. Further, it raises deposits, and conducts other banking activities. The company was founded in 1995 and is headquartered in New York
, New York
Please look at monthly MFIN chart, under $3.00 is a bargain. Also, on 5/24/17- Alvin Murstein (Chairman & CEO
) bought 27,500 shares for a price of $23,925.00. He owns 657,937,500 value of stocks. Please do your own research, but I will look at call options or buying shares. Look at finviz.com for further details.
Book value per share is: $11.91, think that it is undervalued at this time.